With which of management's assertions with respect to implementing internal controls is the auditor primarily concerned?
A) efficiency of operations
B) reliability of financial reporting
C) effectiveness of operations
D) compliance with applicable laws and regulations

Question

Quizplus · Accepted Answer

The auditor is primarily concerned with the management's assertion regarding the reliability of financial reporting, as this is one of the main objectives of internal controls. The other assertions listed (efficiency, effectiveness, and compliance) are also important, but they are not the primary focus of the auditor when evaluating internal controls.

With Which of Management's Assertions with Respect to Implementing Internal