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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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