According to the COSO framework for internal control, which of
the following is not one of the objectives for the internal control
A. Effectiveness and efficiency of operations
B. Effectiveness of the external audit
C. Reliability of financial reporting
D. Compliance with applicable laws and regulations
The COSO model defines internal control as a process effected by an entity's board of directors, management and effected by an entity board of directors, management and other personnel, designed to provide reasonable asurance of the achievement of objectives in the following categories:
- Effectiveness and efficiency of operations
- Reliability of financial reporting
- Compliance with applicable laws and regulations
There is no objective of effectiveness of the external audit.
Answer is B
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