At the conclusion of the audit, auditors revisit the materiality level determined at the beginning of the audit to ensure it is still appropriate based on the results of audit procedures.

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It is standard practice for auditors to evaluate the materiality level at the end of the audit to ensure it still reflects the appropriate level of significance based on the findings of the audit procedures. This helps to ensure that the financial statements fairly represent the company's financial position and performance.

At the Conclusion of the Audit, Auditors Revisit the Materiality