Internal control is a process affected by the organization's board of directors,management,and other personnel to provide reasonable assurance of achieving certain objectives.Which of the following does not fit into one of these categories of objectives?
A)reliability of financial reporting.
B)compliance with laws and regulations.
C)continuing existence.
D)effectiveness and efficiency of operations.

Question

Quizplus · Accepted Answer

The other three choices (A, B, and D) all fit into categories of organizational objectives that can be influenced by internal control. However, the objective of continuing existence is not directly related to internal control and is instead influenced by broader economic, market, and industry factors.

Internal Control Is a Process Affected by the Organization's Board