… relates to the financial report on which the auditor is reporting.  Where the financial report is prepared for a financial reporting period of more or less than twelve months, such as … be the case for a new entity or a change in the financial reporting period, materiality relates to the financial …

… relevant financial data ordinarily includes prior periods’ financial results and financial positions, the …

… This Auditing Standard is operative for financial reporting periods commencing on or after 1 January 2010.  [Note: For …

… combination during the period). The applicable financial reporting framework, including changes therein (for example, a new financial reporting standard may require new qualitative disclosures …

Materiality for the financial report as a whole (and, if applicable, the materiality level or levels for particular classes of transactions, account balances or disclosures) may need to be revised as a result of a change in circumstances that occurred …

Planning the audit solely to detect individually material misstatements overlooks the fact that the aggregate of individually immaterial misstatements may cause the financial report to be materially misstated, and leaves no margin for possible undetected …