Which of the following is not one of the three primary objectives of effective internal control?
A)Reliability of financial reporting
B)Efficiency and effectiveness of operations
C)Compliance with laws and regulations
D)Assurance of elimination of business risk

Question

Quizplus · Accepted Answer

Assurance of elimination of business risk is not one of the three primary objectives of effective internal control. The three primary objectives are reliability of financial reporting, efficiency and effectiveness of operations, and compliance with laws and regulations. The assurance of elimination of business risk is a desirable outcome of strong internal control, but it is not one of the primary objectives.

Which of the Following Is Not One of the Three