Which of the following is not an overall primary objective of the COSO framework?

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BlackTom AI · Accepted Answer

To analyze which statement is not an overall primary objective of the COSO framework, let's consider what COSO aims to achieve with its internal control-integrity framework. 
Option 1: 'Accurate internal and external financial reporting' is a core objective under COSO; reliable financial reporting is central to the framework’s purpose, ensuring information is trustworthy for decision-makers. 
Option 2: 'Minimizing tax obligations' does not appear among COSO’s primary objectives. While tax considerations may be relevant to a business, COSO focuses on reliable reporting, governance, risk management, and control efficiency rather than tax minimization as a formal objective. 
Option 3: 'Compliance with applicable laws and regulations' is another foundational objective; COSO emphasizes adherence to laws, regulations, and external standards as a key component of effective internal control. 
Option 4: 'Efficiency and effectiveness of an entity’s operations' aligns with COSO’s emphasis on operational performance, risk management, and achieving objectives with reliable controls, making it a valid objective within the framework. 
In summary, among the listed options, the statement that does not reflect a primary objective of the COSO framework is the one about minimizing tax obligations, because COSO’s focus is on governance, risk management, internal control, and reliable reporting rather than tax optimization. The remaining options describe legitimate COSO objectives, each contributing to a robust internal control environment and responsible corporate governance.

ACCT:4100:0001 Fall25 Exam 2- Requires Respondus LockDown Browser

Which of the following is not an overall primary objective of the COSO framework?

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