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- September 3, 2024 at 2:15 pm #710701
I did the same.
on the opinion i also used qualified on material misstatement but now thinking about it i thing if you calculate the month allocation of the finance cost during the year is not material on its own and i am thinking that the correct answer may be was unmodified opinion.
what do you guys think?
September 3, 2024 at 2:12 pm #710700i used the lower end of materiality but i thing there where indications on using the higher end because it was unlisted and existing client.
in q3 i used qualified opinion but the reason was for the capitalization of the finance costs.
Thinking about it i thing that i was wrong as if you calculate the finance cost pro-rata is not material and the opinion should have been unmodified.
can anyone comment on this please?
September 3, 2024 at 2:08 pm #710699Yes i found that it was material
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