[ahcompany]

@wayhern said:
Hi,
Base on my calculation was immaterial to both profit and financial position because well below the threshold. But I concluded that it was immaterial in isolation.
If the leases should recognised as finance lease instead of operating lease, depreciation and assets will understatement and when those misstatements in aggregate might be both material and pervasive. So adverse opinion should then be express in audit report.

This is how I answer but not sure whether it work or not!

Thanks, yeah i too said adverse opinion due to the same reasons, but i considered its materiality in respect of it being 5 million and company having total assets of 101 million.

[ahcompany]

For Int Version Question 5

wasnt the leasing aspect material to the company? the leased asset made almost 4% of the company asset .

[ahcompany]

no email / text till yet.

i wonder if it means i have failed.

[Author]

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