With respect to financial controls,courts will require the practice of __________ regarding financial controls,practices,and record-keeping.
A)efficiency
B)due diligence
C)effectiveness
D)management

Question

Quizplus · Accepted Answer

Courts require the practice of due diligence regarding financial controls, practices, and record-keeping. Due diligence is the care that a reasonable person exercises under the circumstances to avoid harm to other persons or their property. In the context of financial controls, due diligence means taking reasonable care to ensure that financial controls are effective, followed properly, and that accurate records are maintained.

With Respect to Financial Controls,courts Will Require the Practice of __________