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Net Income is $100k. If materiality is determined to be 5% of net income and the auditor discovers unadjusted differences / misstatements of $6k in
Net Income is $100k. If materiality is determined to be 5% of net income and the auditor discovers unadjusted differences / misstatements of $6k in the account balances being audited, would this most likely result in a qualified or unqualified opinion? Why?
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