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Which of the following is not a primary objective of internal control as established by COSO?

1) Efficiency and effectiveness of operations.
2) Effective purchasing systems.
3) Compliance with laws and regulations.
4) Reliable financial reporting.

User Georgie
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1 Answer

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Final answer:

Effective purchasing systems is not a primary objective of internal control according to COSO; rather, COSO's main objectives are efficiency and effectiveness of operations, compliance with laws and regulations, and reliable financial reporting.

Step-by-step explanation:

The question seeks to identify which option is not a primary objective of internal control as defined by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). COSO identifies three main objectives of internal control: efficiency and effectiveness of operations, compliance with laws and regulations, and reliable financial reporting. Hence, effective purchasing systems is not listed as a primary objective by COSO, which focuses on broader goals rather than specific procurement processes.

User Zaius
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