Which of the following is NOT typically one of management's concerns in designing effective internal controls?
A) Efficiency and effectiveness of operations
B) Obtaining the best internal control system possible
C) Compliance with applicable laws and regulations
D) Reliability of financial reporting

Question

Quizplus · Accepted Answer

While obtaining the best possible internal control system is important, it is not typically listed as one of management's concerns. The other options are all key concerns in designing effective internal controls.

Which of the Following Is NOT Typically One of Management's