FINAL ASSESSMENT Which of the following qualitative factors would likely cause a quantitatively immaterial misstatement to be considered material? it has the effect of increasing management compensation it is a balance sheet reclassification adjustment with no income statement impact it has no effect on ratios used to evaluate the entity's financial position it has minimal impact on the trend in earnings FINAL ASSESSMENT Which of the following circumstances is not a qualitative factor that may cause the engagement team to consider an immaterial misstatement material? it affects other information that will be communicated in documents containing the audited financial statements it is a projected misstatement as a result of sampling revenue transactions it affects segment information presented in the financial statements it is significant in relation to previously communicated forecast earnings