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Which of the following statements is true relating to business relationships? Direct or material indirect business relationships - other than a consumer in the
Which of the following statements is true relating to business relationships? Direct or material indirect business relationships - other than a consumer in the I normal course of business - with an SEC audit client will impair firm's independence. Direct business relationships where the firm is a reseller of an SEC audit client's product will NOT impair the firm's independence. Material indirect business relationships where the firm purchases an SEC audit O client's product through a distributer and then the firm resells that product to third- parties will NOT impair the firm's independence. Direct business relationships such as an alliance agreement with an SEC audit client will NOT impair the firm's independence.
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