Which of the following is not an objective of an audit of trust activities?

Evaluating the profitability of services does not typically fall within the primary objectives of an audit focused on trust activities. The core aim of such audits is generally to ensure that financial records are accurate and reliable, compliance with applicable laws and regulations is maintained, and that internal controls are effective to safeguard assets and ensure proper execution of responsibilities.

In the context of trust activities, the emphasis is on ensuring that fiduciary responsibilities are met and that there is a clear adherence to legal and ethical standards. While assessing the profitability of services can be an important consideration for a business's overall performance, it is less relevant to the specific objectives of an audit, which primarily focuses on integrity, compliance, and control effectiveness. This distinction clarifies why assessing profitability does not align with the primary goals of trust activity audits.