B. In order to use the budget as both a planning and control tool, the budgeting and accounting systems need to be synchronized. The responsibility centers used for budgeting need to be the same as the responsibility centers used for accounting; the chart of accounts used for budgeting need to be the same as the chart of accounts used for accounting; and so forth. This enables management to compare the budget with the actual levels of activity, revenues and expenditures and calculate variances.

C. The existing budget process should have forecasting procedures already in place.

D. Because the company already has a budget, there should already be a budget director.