According to COSO Principle 13, what type of information should organizations focus on acquiring?

COSO Principle 13 emphasizes the importance of acquiring quality information that supports effective internal controls. This principle recognizes that having accurate, timely, and relevant information is critical in ensuring that organizations can appropriately assess risks, make informed decisions, and implement control activities effectively.

Quality information enhances the organization's ability to operate efficiently and comply with regulations while also providing a reliable basis for decision-making. By focusing on the quality of information, organizations can create a more systematic approach to managing controls and addressing potential risks, which ultimately leads to better organizational performance and accountability.

In contrast, the other options would not align with the intent of COSO Principle 13. Acquiring all available information without regard to its quality could lead to information overload and confusion rather than effective decision-making. Focusing solely on information that enhances external reporting does not address the internal mechanisms necessary for robust internal controls. Lastly, while data analytics can be valuable for predictions, they become less effective if they are not based on quality information, undermining the reliability of any insights gained. Thus, the emphasis on acquiring quality information is a foundational aspect of building a strong internal control system.