… auditor’s determination of materiality in accordance with ASA 320 is often based on estimates of the entity’s financial … to revise materiality determined in accordance with ASA 320 based on the actual financial results. …

… ASA 320 explains that, as the audit progresses, materiality for … reassessment of materiality determined in accordance with ASA 320 (see paragraph 10 ) gives rise to a lower amount (or …

… misstatements, if any, on the financial report.  ASA 700 deals with the auditor’s responsibility, in forming … misstatement.  The auditor’s conclusion required by ASA 700 takes into account the auditor’s evaluation of … in accordance with this Auditing Standard. [1]   ASA 320 [2] deals with the auditor’s responsibility to apply the …

… shall reassess materiality determined in accordance with ASA 320 to confirm whether it remains appropriate in the context …

… audit approaches materiality determined in accordance with ASA 320 , there may be a greater than acceptably low level of …

… audit approaches materiality determined in accordance with ASA 320 . (Ref: Para. A8) …