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X Your answer is incorrect. Which of the following statements is false regarding related parties? A subsidiary company is considered a related party. Management should

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X Your answer is incorrect. Which of the following statements is false regarding related parties? A subsidiary company is considered a related party. Management should have controls in place for identifying related parties. The presence of related parties is considered a fraud risk factor. Related party transactions do not have to be disclosed if they are conducted at "arm's length

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