COSO’s Internal Control Framework consists of five internal control components and 17 principles for achieving effective internal control. Which of the following is/are (a) principle(s)?
I. The organization demonstrates a commitment to integrity and ethical values.
II. Monitoring activities.
III. A level of assurance that is supported by generally accepted auditing procedures and judgments.
IV. A body of guiding principles that form a template against which organizations can evaluate a multitude of business practices.
V. The organization selects, develops, and performs ongoing and/or separate evaluations to ascertain whether the components of internal control are present and functioning.
a. II only.

b. I and V only.

c. II and IV only.

d. I, II, III, IV, and V.