At which stage of the audit process is materiality assessed and determined?

Materiality is not a one-time evaluation but an ongoing judgment throughout the audit process. It is assessed continually to determine the significance of audit findings in the context of the audit objectives.

According to ISO 19011:2018, auditors should consider the relevance and materiality of information when identifying audit findings. Materiality can change based on evidence found in different phases such as planning, on-site audit, and reporting.