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The assessment of internal controls must be done by external auditors using a documentation method, with the primary purpose being _____________________. This is true for______________________.
The assessment of internal controls must be done by external auditors using a documentation method, with the primary purpose being _____________________. This is true for______________________.
A. Documenting understanding; All entities for which an audit is performed.
B. Detection of fraud; All entities for which an audit is performed.
C. Creating a DFD or flowchart; All publicly-traded companies.
D. Documenting responsibility; Private companies only.
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