Which of the following is not an objective of internal control?
A) Reliability of financial reporting
B) Effectiveness and efficiency of operations
C) Relevance of financial statements
D) Compliance with applicable laws and regulations

Question

Quizplus · Accepted Answer

The relevance of financial statements is not an objective of internal control. The three objectives of internal control are: 1) reliability of financial reporting, 2) effectiveness and efficiency of operations, and 3) compliance with applicable laws and regulations. The relevance of financial statements is important but it is not an objective of internal control.

Which of the Following Is Not an Objective of Internal