3 Replies to “Revisiting “Church Corporations””

  1. I will argue that operating a church as a corporation undermines its spiritual purpose and values, turning it into a business rather than a community of faith.

    The idea of a church being run as a corporation should evoke transparency in that they have a audit done yearly and release that information to the public. I do not see any of the acog’s doing this. Where is the money going? Into pensions for the old farts that run their own personal thiefdom.

  2. Jon, my memory is hazy on this, since it was decades ago, but it seems that the WCG did have an audit annually. I think it was Arthur Anderson. Of course, there seemed to be some ‘problems’ with Arthur Anderson and fell into some disrepute, whether deserved or not.

    I think that United has audits as well, but that too is rather hazy. In that regard, and in light of your comment, yes, indeed, United did set up their pension plan as one of the first things they did when they were formed. It seems that all or nearly all of the original crew have either retired already for some time, relying on their allegedly good retirement benefits or have died. The young ministers are now retiring and, in fact, one is retiring this year.

    How time flies when you have a secured pension.

    The rest of the AoGs? The leaders (and some of their children) will be OK, but those lower class ministers are just sure out of luck.

  3. Yes the WCG was audited yearly.

    The Enron scandal.
    In 2002, Arthur Andersen was found guilty of obstruction of justice for destroying documents related to its work for Enron, which ultimately led to the firm’s dissolution. Based on this information, it can be said that the auditing firm Arthur Andersen was involved in corrupt practices. The question is, was the firm offered a incentive to report favorably on the balance sheet of the WCG?

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