In my post yesterday, I addressed why loyal latter-day Saints should not be part of any movement to push the Church toward greater financial disclosure. You can read that here.
Today I would like to address a different but related issue, which is the many, many practical problems with financial disclosure in a private institution like the Church.
Notice the word “private.” This is essential. Government, which is a public institution, has completely different rules than a private institution. This concept goes back centuries and is part of British common law, which formed the foundations for our own laws. Government belongs to “all of us” (presumably), and because you are part of the institution of “all of us” you should be allowed to have transparency of how government spends its money. So, you can go to your local town hall and ask to see the budget, and everything should be there. I have actually done this, and in every town where I have lived, disclosure is pretty complete. This is a good thing.
Private institutions are not expected to make “complete disclosure.” This is an easy concept but often misunderstood.
