at 7:40 ,how is the depreciation material when the threshold is 11m and depn expense for the year is 4.1m?
@affaf-wt5rm4 ай бұрын
The materiality level was meant to be $1m, not $11. An error that I picked up after I had recorded the video!
@ajiboyea24 ай бұрын
@@affaf-wt5rmHi, Please can you clarify 13:16. For the disclosure of Qualified opinion, I think for any modifications the Basis for Qualified opinion should come first then below it would be the Qualified opinion and not the other way round as you wrote it. I think your explanation is for when we have unmodified opinion and the Basis will be below the Opinion.
@affaf-wt5rm4 ай бұрын
@@ajiboyea2 Hi. The opinion paragraph will come before the basis for opinion paragraph, regardless of the type of opinion modification. You can refer to ISA 705 for this ( I think illustration 1 in ISA 705 is for a qualified opinion).
@memyacca38911 ай бұрын
Thanks ACCA it’s so helpful and make difference.❤
@manasadl70636 ай бұрын
Could you please bring back Ben Wilson, he explains and goes through topics in the most amazing way that really helps us understand the concepts