Why is it important to correctly identify whether a business relationship will be with a subcontractor, third party resource or an alliance? Select all that apply. The materiality and significance requirements for each relationship varies. Each type of relationship has distinct independence requirements. Alliances are generally not permitted with restricted entities, but subcontractor and third party resource relationships might be permitted for CPA clients. All three relationships are permitted with restricted entities, subject to materiality of the relationship. (Note ALL 4 Options is incorrect) likely 2-3 are correct

Why is it important to correctly identify whether a business relationship will be with a subcontractor, third party resource or an alliance? Select all that apply. The materiality and significance requirements for each relationship varies. Each type of relationship has distinct independence requirements. Alliances are generally not permitted with restricted entities, but subcontractor and third party resource relationships might be permitted for CPA clients. All three relationships are permitted with restricted entities, subject to materiality of the relationship