Which of the following statements regarding the budgeting process is TRUE?

Question

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It is important to involve employees at all levels in the budgeting process as they have valuable insights into the day-to-day operations of the business. This allows for a more accurate and realistic budget that is more likely to be achievable. Approving the budget solely by external auditors (B) is not necessary, and designing the budget exclusively by top management (C) can lead to a lack of buy-in from employees and potential oversights in certain areas of the business. Therefore, option A is the only one that is true regarding the budgeting process.

Which of the Following Statements Regarding the Budgeting Process Is