Financial Stewardship can be ensured in the revenue process by establishing and maintaining which of the following?
A)reliable revenue processes
B)internal controls
C)ethical practices
D)All of the above

Question

Quizplus · Accepted Answer

Financial stewardship in the revenue process can be ensured by establishing and maintaining reliable revenue processes, internal controls, and ethical practices. Reliable revenue processes ensure that all revenue is accurately and timely recorded, while internal controls provide an extra layer of checks and balances to prevent fraud or errors. Ethical practices ensure that revenue is collected and used for its intended purpose, which helps to maintain the public's trust in the organization. Therefore, all of the above options are necessary for financial stewardship in the revenue process.

Financial Stewardship Can Be Ensured in the Revenue Process by Establishing