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Which of the following entities is not an affiliate of an SEC audit client (Companies Act restrictions do not apply)? 1)An entity in which the
Which of the following entities is not an affiliate of an SEC audit client (Companies Act restrictions do not apply)?
1)An entity in which the SEC audit client owns 75%
2(The parent company that owns 55% of the SEC audit client, and the SEC audit client is material to the parent company
3)An entity in which the SEC audit client owns a 20% interest, which is not material to the SEC audit client
4)An entity in which the SEC audit client owns a 40% interest, which is material to the SEC audit client
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