Final answer:
Conformity with GAAP is not one of the objectives of the COSO Internal Control Integrated Framework. COSO focuses on the effectiveness and efficiency of operations, reliability of financial reporting, and compliance with laws and regulations, whereas GAAP defines accounting standards for financial statements.
Step-by-step explanation:
The COSO Internal Control Integrated Framework sets out to provide a structure for organizations to effectively manage their internal controls. The objectives outlined by the COSO Framework are as follows:
- Effectiveness and efficiency of operations,
- Reliability of financial reporting,
- Compliance with laws and regulations.
The choice that is not one of the objectives is 'conformity with GAAP' (Generally Accepted Accounting Principles). While GAAP is a set of accounting standards that companies should follow to produce consistent financial statements, it is not specifically an objective of the COSO Framework. The framework aims to ensure that the internal control system within the organization supports reaching these goals.