When management has designed, implemented, and continually manages processes and internal controls, it is helping to ensure proper ________.
A)Stewardship
B)Ethics
C)Administrative processes
D)Capital processes

Question

Quizplus · Accepted Answer

Stewardship refers to the responsible management of resources, particularly in a financial sense. By designing, implementing, and continually managing processes and internal controls, management is ensuring that company resources are being managed responsibly and in the best interest of stakeholders. This includes proper financial reporting, internal auditing, and risk management, among other things. While ethics and administrative processes are also important, stewardship is the best choice as it specifically relates to the management of resources. Capital processes may or may not be included in a company's overall processes and controls, so it is not as relevant of an answer.

When Management Has Designed, Implemented, and Continually Manages Processes and Internal