What will the Board publish annually regarding its finances?

The correct answer is that the Board will publish a statement of receipts and expenditures annually. This requirement is typically a part of the accountability and transparency standards set for regulatory bodies such as the Board of Dentistry. A statement of receipts and expenditures provides a comprehensive overview of the financial transactions undertaken by the Board.

This statement includes all income received (receipts) and all costs incurred (expenditures) over the fiscal year. By publishing this information, the Board ensures transparency to the public, stakeholders, and members of the profession, facilitating trust and understanding regarding how funds are managed and allocated. This aligns with the principles of open governance, promoting an ethical framework in managing public resources.

While other financial documents like budget plans, profit and loss statements, and audit reports are important in the realm of financial management, they serve different purposes and may not specifically fulfill the requirement for annual publication determined by the regulations governing the Board. A budget plan outlines future financial expectations, a profit and loss statement summarizes revenues and expenses over a specific period, and an audit report evaluates the accuracy and compliance of financial statements, but none of these are mandated to be published annually like the statement of receipts and expenditures is.