The process of review and evaluation of financial records, program performance, operations, and management that both follows the execution of the budget and serves in the preparation of the upcoming budget describes which stage of the budget process?

Question

Quizplus · Accepted Answer

The audit stage involves the review and evaluation of financial records, program performance, operations, and management. This process occurs after the budget has been executed and helps in preparing for the upcoming budget cycle by ensuring accountability and effective use of resources.

The Process of Review and Evaluation of Financial Records, Program