And Here is the report from April 2019.Dear Brethren: Directed by revelation, as recorded in section 120 of the Doctrine and Covenants, the Council on the Disposition of the Tithes—composed of the First Presidency, the Quorum of the Twelve Apostles, and the Presiding Bishopric—authorizes the expenditure of Church funds. Church entities disburse funds in accordance with approved budgets, policies, and procedures.
Church Auditing, which consists of credentialed professionals and is independent of all other Church departments and entities, has responsibility to perform audits for the purpose of providing reasonable assurance regarding contributions received, expenditures made, and safeguarding of Church assets.
Based upon audits performed, Church Auditing is of the opinion that, in all material respects, contributions received, expenditures made, and assets of the Church for the year 2024 have been recorded and administered in accordance with Church-approved budgets, accounting practices, and policies. The Church follows the practices taught to its members of living within a budget, avoiding debt, and saving against a time of need.
Respectfully submitted,
Church Auditing Department
Jared B. Larson
Managing Director
However, we know that at the point Kevin R. Jergensen made his declaration on behalf of the Church Auditing department, he was knowingly making a dishonest declaration. I say that because the SEC found the Church had knowingly, systematically, and deceptively withheld proper declarations of funds for decades. The Church was fined $5 million as a result.Dear Brethren: Directed by revelation, as recorded in section 120 of the Doctrine and Covenants, the Council on the Disposition of the Tithes—composed of the First Presidency, the Quorum of the Twelve Apostles, and the Presiding Bishopric—authorizes the expenditure of Church funds. Church entities disburse funds in accordance with approved budgets, policies, and procedures.
Church Auditing, which consists of credentialed professionals and is independent of all other Church departments, has responsibility to perform audits for the purpose of providing reasonable assurance regarding contributions received, expenditures made, and safeguarding of Church assets.
Based upon audits performed, Church Auditing is of the opinion that, in all material respects, contributions received, expenditures made, and assets of the Church for the year 2018 have been recorded and administered in accordance with approved Church budgets, policies, and accounting practices. The Church follows the practices taught to its members of living within a budget, avoiding debt, and saving against a time of need.
Respectfully submitted,
Church Auditing Department
Kevin R. Jergensen
Managing Director
The Church Auditing department has never explained, nor apologised for, their false declarations year after year for the period the deceptions were being made.The Church of Jesus Christ of Latter-day Saints and a nonprofit entity that it controlled have been fined $5 million by the Securities and Exchange Commission over accusations that the religious institution failed to properly disclose its investment holdings.
In an order released Tuesday, the SEC alleged that the church illicitly hid its investments and their management behind multiple shell companies from 1997 to 2019. In doing so, it failed to disclose the size of the church’s equity portfolio to the SEC and the public.
You cannot trust this year’s declaration.
Kevin, for his efforts, was not struck off for dishonesty, as he should have been. Instead he was promoted to Managing Director of Church Finances and Records. Who says crime doesn’t pay…
