Which of the objectives listed below is not considered part of the internal control process?
A) Compliance with applicable laws and regulations
B) The prevention of fraud and embezzlement
C) Effectiveness and efficiency of operations
D) Reliability of financial reporting

Question

Quizplus · Accepted Answer

The prevention of fraud and embezzlement, while a benefit of a strong internal control system, is not explicitly listed as a primary objective of internal control. The main objectives typically include compliance with laws and regulations, operational effectiveness and efficiency, and reliable financial reporting.

Which of the Objectives Listed Below Is Not Considered Part