What Should Be the Final Step in the Ethics-Auditing Process

question 45

Multiple Choice

What should be the final step in the ethics-auditing process?

• A)Define the scope of the audit.
• B)Secure the commitment of top managers and directors.
• C)Collect and analyze data.
• D)Report the findings.
• E)Verify the results.

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Definitions:

Budgeted Disbursements

Projected cash outflows or expenditures planned by a business for a specific period, used in cash flow management.

Desired Balance

The target balance that an individual or organization aims to achieve in their financial account or budget.

Budgeted Receipts

The anticipated revenues or income expected to be received within a specified budget period.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, helping businesses manage their liquidity.