Dynamics AX 2013 fails install checking for registry entry of office security updates

I am a Sys Admin with my company and have been tasked with creating a SCCM (2012 r2) deploy application for AX. Creating the package was the easy part (other than getting around the installer size of nearly 6gb.)

The troubles I have run into currently have baffled me.

2015-07-30 12:08:27Z        Microsoft Word or Microsoft Excel
2015-07-30 12:08:27Z    Performing a registry value version check for prerequisite 'Microsoft Word or Microsoft Excel'.
2015-07-30 12:08:27Z    Searching for a minimum version of '12.0.0.0'.
2015-07-30 12:08:27Z    Version found: '15.0.0.0'.
2015-07-30 12:08:27Z    Check succeeded.
2015-07-30 12:08:27Z    Performing a registry value version check for prerequisite 'Microsoft Word or Microsoft Excel'.
2015-07-30 12:08:27Z    Searching for a minimum version of '12.0.0.0'.
2015-07-30 12:08:27Z    Version found: '15.0.0.0'.
2015-07-30 12:08:27Z    Check succeeded.
2015-07-30 12:08:27Z    Check succeeded.
2015-07-30 12:08:27Z        Security Updates for Microsoft Office System
2015-07-30 12:08:27Z    Check succeeded.
2015-07-30 12:08:27Z    Performing a registry value version check for prerequisite 'Security Updates for Microsoft Office System'.
2015-07-30 12:08:27Z    Searching for a minimum version of '12.0.0.0', a suggested version of '12.0.0.0', and a maximum version of '13.0.0.0'.
2015-07-30 12:08:27Z    Version found: '15.0.0.0'.
2015-07-30 12:08:27Z    Check failed.
2015-07-30 12:08:27Z        Microsoft Project client
2015-07-30 12:08:27Z    Performing a registry value version check for prerequisite 'Microsoft Project client'.
2015-07-30 12:08:27Z    Searching for a minimum version of '14.0.0.0'.
2015-07-30 12:08:27Z    Version found: '14.0.0.0'.
2015-07-30 12:08:27Z    Check succeeded.

The above in red is where my issue lies.

Our environment uses Office 2013 (O365) and running the pre req check tool from setup.exe, it passes all 27 of the requirements for what we are installing.

Here's the cmd file I am using for the install.

setup.exe RunMode=Custom HideUI=1 AcceptLicenseTerms=1 ByPasswarnings=1 InstallClientUI=1

ClientLanguage=en-us ConfigurePrerequisites=0 InstallOfficeAddins=1

CreateClientDesktopShortcut=0 InstallRemoteDesktopServicesIntegration=0 LogDir="c:\Temp"

I've tried running with ConfigurePrerequisites set to 1 as well and no change.

Is there something I am missing from the cmd file?

Also, a note - if I manually run the installer, it runs through it fine. It does apply KB2998197.