Which of the Following Is Not an Objective of Internal

question 122

Multiple Choice

Which of the following is not an objective of internal control as a process?

• A) Reliability of financial reporting
• B) Accuracy of accounting information
• C) Compliance with applicable laws and regulations
• D) Effectiveness and efficiency of operations

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Definitions:

Minority Rule

A governance or decision-making process where a smaller portion of a population holds disproportionate power or influence.

Group Decision

The process through which a collection of individuals collectively arrive at a conclusion or choice.

Decision Unanimity

The condition in which all members of a group or decision-making body agree on a particular decision or outcome.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in irrational or dysfunctional decision-making outcomes.