85% blows my mind.
A whopping 85 percent of U.S. dioceses have detected embezzlement over the past five years, according to Villanova University researchers. “No question about it, it’s a large number,” said Charles Zech, director of the school’s Center for the Study of Church Management and coauthor of the 15-page paper, “Internal Financial Controls in the U.S. Catholic Church,” that details the findings. Supported by a grant from the Louisville Institute, Zech and Villanova accounting professor Robert West surveyed 174 diocesan chief financial officers. Seventy-eight responded.
Of course this is possible because Churches are not subject to financial oversight like every other business in America. With no oversight, comes dirty little secrets, like embezzlement.
Unlike corporations which provide quarterly financial statements to the SEC and hold quarterly conference calls with outside analysts, the church is subject to almost no recurring outside financial scrutiny,” according to the report. Further, while “many dioceses provide parishioners with an annual financial and administrative newsletter, which provides a highly summarized view of the cash flows for the year and the results of social and spiritual programs offered by the diocese -- many other dioceses do neither.
Shining light into dark places is the only thing which will correct this situation. It's time religions institutions loose their protected status.
