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An auditor searching for related party transactions should obtain an understanding of each subsidiary's relationship to the total entity because: Select one: O a. this
An auditor searching for related party transactions should obtain an understanding of each subsidiary's relationship to the total entity because: Select one: O a. this may reveal whether transactions would have taken place if the parties had been unrelated. O b. the related party transactions may be beneficial to the company's minority shareholders O c. transactions may have been designed on terms equivalent to arm's-length transactions. O d. the business structure may be deliberately designed to obscure related party transactions
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