Discuss the importance of responsible stewardship and integrity as they relate to charitable contributions by both individual and corporate taxpayers.

Responsible stewardship and integrity in regards to charitable contributions made by both individuals and corporate taxpayers can be thought of more as a budget with strict guidelines. Each of us have a ceiling in regards to how much in deductions for charitable contribution we can take per tax year in relation to our specified circumstances. We must show responsible stewardship with regards to how much we contribute as to how it will not only effect others but us as well in regards to tax time. Individuals and corporations must also show integrity in all their dealing of their charitable contributions. To lie or alter a contribution that is being provided to a charitable organization is like falsifying a deal in hopes it benefits you or the corporation providing they donation in the long run.

Answer rating: 100% (QA)

With the core values of responsible stewardship and integrity in mind discuss managements responsibility for creating the master budget Additionally discuss managements incentives for understating rev... View the full answer