What is the purpose statement of the Governance or Management Objective that aims to provide transparency of performance and conformance?

The purpose statement that focuses on the transparency of performance and conformance is associated with managed performance and conformance monitoring. This objective emphasizes the need for organizations to establish defined measures of performance and conformance to ensure that they are meeting their strategic goals and operating efficiently.

Managed performance and conformance monitoring involves the systematic tracking and review of performance metrics and compliance standards. By implementing this process, organizations can identify discrepancies, monitor adherence to policies, and make informed decisions based on performance data. This process not only enhances accountability but also fosters a culture of continuous improvement, as it enables organizations to assess and refine their operations over time.

The other options, while related to governance and management objectives, focus on different aspects. For instance, managed systems of internal control pertain more to risk management and ensuring that controls are in place, while managed compliance with external requirements deals specifically with adherence to legal and regulatory obligations. Managed assurance encompasses a broader view of risk assessment and assurance activities, which, although important, do not specifically target the transparency of performance and conformance in the same manner as the performance and conformance monitoring objective.