Which of the following is not a primary objective of effective internal control?

The primary objectives of effective internal control include ensuring the reliability of financial reporting, promoting the efficiency and effectiveness of operations, and ensuring compliance with applicable laws and regulations. Each of these objectives supports the overall integrity and functionality of an organization's financial and operational framework.

The correct choice highlights that assurance of the complete elimination of business risk is not a primary objective of internal control. Internal controls are designed to manage and mitigate risks rather than eliminate them entirely. Risks are inherent in every business environment, and while effective internal controls can significantly reduce the likelihood and impact of negative events, they cannot guarantee that all risks will be removed. Instead, they aim to provide reasonable assurance that the organization's objectives will be achieved in terms of accurate financial reporting, operational efficiency, and compliance. Thus, while internal controls are important for risk management, their purpose does not extend to guaranteeing the total elimination of business risk.