Introduction
Every institution must have a budget team to oversee the spending of money. Without this, transparency and accountability will not be promoted. This may lead to embezzlement of funds by the op management, leading the institution t bankruptcy. Institutions that have strong teams to oversee the implementation of the budget have always been successful. His is because they have a strong foundation on which to make progress without limitations. The Massachusetts Institute of Technology (M.I.T) is one such institution which values the importance of accountability and transparency in handling financial matters. Because of this, the institution has always been on the safer side. ...