Audit Opinion

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January 7, 2019 at 8:07 am #500241
mjibola
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Where two or more misstatements are immaterial but in aggregate becomes material, is it correct to issue a qualified opinion with except for?
January 7, 2019 at 8:50 am #500255
Kim Smith
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Yes – per ISA 450 (Evaluation of Misstatement Identified during the Audit) the auditor must consider the aggregate of the uncorrected misstatements, not just the individual amounts.
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