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Suppose an immaterial relationship exists between Company Y, your firm's audit client, and Company X. Which statement best describes a situation in which Company X

Suppose an immaterial relationship exists between Company Y, your firm's audit client, and Company X. Which statement best describes a situation in which Company X is an affiliate of Company Y? Company X controls Company Y. Company Y controls Company X. Company X has significant influence over Company Y. Company X is a general partner that controls Company Y (a fund)

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