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

Question

Quizplus · Accepted Answer

Management's concern in designing effective internal controls revolves around ensuring the reliability of financial reporting, compliance with applicable laws and regulations, and efficiency and effectiveness of operations. Obtaining the best internal control system possible is a goal, not a concern, and is encompassed within the other concerns.

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