The responsibility of management to safeguard assets and funds entrusted to them by the owners of an organization is referred to as:
A)Stewardship Responsibility
B)IT System Controls
C)Application Controls
D)Internal Controls

Question

Quizplus · Accepted Answer

Stewardship Responsibility refers to the duty of management to protect and manage the assets and funds of an organization on behalf of its owners. This involves ensuring that resources are used efficiently, effectively, and ethically to achieve the organization's objectives.

The Responsibility of Management to Safeguard Assets and Funds Entrusted