Criticism of Mormonism - Finances

Finances

The church has often been secretive about its finances, especially in the United States. The church has not disclosed its assets in the U.S. since 1959. This has drawn criticism from the Ostlings and the Tanners, who consider its financial practices to be overly secretive.

The church does disclose financials in the United Kingdom and Canada, where it is required to by law. In addition, the church employs an independent audit department that provides its certification at each annual general conference that church contributions are collected and spent in accordance with church policy. Moreover, the church engages a public accounting firm (currently Deloitte & Touche in the United States; PricewaterhouseCoopers in the United Kingdom) to perform annual audits of its not-for-profit, for-profit, and educational entities.

Lay leaders at the local level are not paid.

The Tanners and the Ostlings accuse the church of being overly greedy and materialistic, citing the large amount of wealth accumulated by the church, and citing the strong emphasis on tithing, and suggest that the church is more like a business than a spiritual endeavor.