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XYZ Company has requested EY to perform non-audit services. The team uses GIS to research XYZ and determines XYZ is a subsidiary of ABC Inc.,

XYZ Company has requested EY to perform non-audit services. The team uses GIS to research XYZ and determines XYZ is a subsidiary of ABC Inc., non-PIE audit client.

Is XYZ Company considered an affiliate of ABC Inc.?

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I Yes subsidiaries are always considered affiliates Explanation The two businesses are referred to a... blur-text-image

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