Current Attempt in Progress

Which two of the following principles are within the monitoring component of the seventeen COSO principles of internal control?

$($Select all that apply.$)$

The organization internally communicates information, including objectives and responsibilities for internal control,

necessary to support the functioning of internal control.

The organization evaluates and communicates internal control deficiencies in a timely manner to those parties responsible

for taking corrective action, including senior management and the board of directors, as appropriate.

The organization selects, develops, and performs ongoing and$/$or separate evaluations to ascertain whether the components

of internal control are present and functioning.

The organization communicates with external parties regarding matters affecting the functioning of internal control.