Tuesday, July 13, 2010

Embezzlement in the WCG? (Christian Women Connection)

I received an email today from Arnetta McNeese Baily, Executive Director of the Christian Women Connection, formerly the Women of the Church of God (or WCG for short). It's not good news. Here is the email:
Dear Partners in Ministry,

It is with a heavy heart that I share with you some disappointing information before it becomes public. In February of this year, I decided that we should have a fresh set of eyes review our accounting procedures. We selected a new certified public accounting firm to conduct an audit of our financial statements and internal processing procedures for the fiscal year 2009–2010.
This audit revealed some irregularities. With the help of the auditing firm’s fraud investigator, an investigation was conducted. As a result of this investigation, it appears that money was inappropriately funneled out of the organization. The person who is believed to be responsible in this situation has been terminated from Christian Women Connection.
Our insurance company has been notified, and we are cooperating with them and with the auditing firm to determine the total scope of our losses. We are optimistic that our insurance policy will cover the losses. Regardless, I want to assure you that we will do whatever we can to recover the loss. We are also actively implementing the recommendations received from the auditing firm in the audit’s management letter.
Please keep everyone involved in this situation in your prayers. The leadership team of the Christian Women Connection specifically seeks your prayer for wisdom in resolving this situation.
I will keep you informed as more information becomes available. We continue to be committed to serving Christ through serving women and equipping them for ministry. We worship a mighty Lord, and we seek His guidance as we move forward in ministry to women within the Church of God .

Pray for the leadership and organization. This must be one very large headache that nobody wants.