Materiality question for AUD

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  • #188396

    Hi guys-

    In my Becker HW, I am beginning to see a question or two about materiality in A1. I am unsure what general percentages of assets are considered ‘immaterial’ that would justify a ‘qualified opinion’ versus an adverse/ disclaimed opinion.

    If you guys have any insights on this it would be greatly appreciated. Thanks!

    FAR: 86 (July 15, '14)
    AUD: 88 (Oct 1, '14)
    BEC: 83 (Nov 23, '14)
    REG: 71, 72, retake: Jan 2, '15

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