Which of the following describes the CSBO corrective actions for financial practices?

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The key idea is that after a financial review or audit, the CSBO is responsible for putting corrective actions in place to bring practices into compliance. The correct option explicitly states that the CSBO must take corrective actions to ensure compliance, including updating policies and procedures, submitting required reports on time, and making the necessary adjustments based on audit findings. This shows a proactive response to identified deficiencies, strengthening internal controls and ensuring ongoing adherence to standards.

The other options describe activities that aren’t about addressing audit findings or improving compliance: running student financial literacy workshops focuses on education, creating fundraising events is about revenue generation, and personal approval of all vendor contracts bypasses proper controls and isn’t the corrective behavior described.