Choice "D" is correct. Increasing the reliability of financial reporting and compliance with applicable laws and regulations is an approach to promoting a management philosophy and style that is congruent with effective financial reporting and control, not monitoring. Monitoring internal control may involve establishing a foundation for monitoring, prioritization of monitoring procedures based on risk to achieve organizational objectives, and assessing reporting results and following up as appropriate with corrective actions.Choice "c" is incorrect. Embracing the attributes of the monitoring principle including establishing a foundation for monitoring is an effective approach to monitoring.Choice "a" is incorrect. Designing procedures that are prioritized based on risks to achieving organization objectives is an effective approach to monitoring. Management might consider, for example, developing a list of control weaknesses that would seriously, rather than immaterially, threaten the reliability of financial reporting to establish standards for immediate reporting.Choice "b" is incorrect. Assessing and reporting results, including following up on corrective actions, is an effective approach to monitoring. Management might consider, for example, establishing procedures that require reporting all deficiencies to a responsible manager.