The Christian’s understanding of debt is often distorted by the fact that debt has become culturally acceptable at every level in society. The United States government has borrowed over 16 trillion dollars to date. Each year it spends more than it receives in taxes and makes up the difference by borrowing and adding it to the debt. Credit has been used in this country to the extent that the USA, the richest country in the world, is now the biggest debtor among all nations.
The purpose of auditing church funds differs from the auditing of business funds. Whereas specially trained auditors are required by the world’s organizations to detect fraud and mismanagement of funds, brethren of our congregations can adequately perform the work if given a few guidelines and have a basic understanding of standard bookkeeping practices.