What should be evaluated in terms of materiality when forming an opinion?

When forming an opinion, uncorrected misstatements should be evaluated in terms of materiality because they directly influence the overall reliability and fairness of financial statements. Materiality refers to the significance of an amount, transaction, or discrepancy in relation to the overall context of the financial statements. If misstatements are uncorrected, they can potentially mislead users of the financial statements, impacting their decision-making process.

Uncorrected misstatements may accumulate and could ultimately affect the financial position, performance, and cash flows depicted in the financial statements. Therefore, auditors assess whether these misstatements are material, meaning that they could influence the economic decisions of users. This evaluation is critical for issuing a fair and accurate opinion on the financial statements.

In contrast, while employee training quality, customer satisfaction, and investment returns can be important factors for a business's operations and strategy, they do not directly affect the materiality assessment in the context of forming an opinion about financial statements. These factors may have indirect implications for the financial health of the organization, but uncorrected misstatements relate directly to the accuracy and reliability of the financial reporting itself.