Internal financial controls are essential checks and procedures that can help your PCC:
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meet its legal duties to safeguard your parish’s assets
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administer your PCC’s finances and assets in a way that identifies and manages risk
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ensure proper financial reporting, by keeping adequate accounting records and preparing timely and relevant financial information.
If your PCC is to fulfil its mission, you will need to ensure that:
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assets are properly used,
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funds are spent effectively
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financial affairs are well managed
to reduce the risk of loss.
Parishes vary considerably in terms of their size, activities and complexity. Where your activities or financial transactions are complex, you may need to seek advice on appropriate controls in those areas.