Which of the following is not a primary objective of internal control as established by COSO?
A)Efficiency and effectiveness of operations.
B)Effective purchasing systems.
C)Compliance with laws and regulations.
D)Reliable financial reporting.

Question

Quizplus · Accepted Answer

While effective purchasing systems may be a component or sub-objective of internal control, it is not specifically listed as a primary objective by COSO. The three primary objectives listed by COSO are: (1) reliability of financial reporting, (2) compliance with laws and regulations, and (3) efficiency and effectiveness of operations.

Which of the Following Is Not a Primary Objective of Internal