审计重要性概念及其意义（The concept of audit materiality and its significance）.doc

审计重要性概念及其意义（The concept of audit materiality and its significance） First, the concept of audit materiality and its significance (1) definition of the importance of audit Audit materiality refers to the maximum amount of misstatements and omissions that may exist in the financial statements of the audited entity, which does not affect the financial statements of the users and make economic decisions and judgments. According to the CPA Auditing Standards No. 1221 - importance: the importance depends on the judgment of the amount and nature of the misstatement in the specific circumstances. The misstatement is significant if a misstatement, alone or in conjunction with other misstatements, may affect the economic decisions made by the user of the financial statements in accordance with the financial statements. The importance emphasizes essentially a degree, which allows a certain degree of inaccuracy or inaccuracy in the audit report, but takes the degree as the boundary. If the misstatements or omissions of accounting information may affect the decisions or judgments made by the users of financial statements, they may be deemed important, otherwise unimportant. In auditing practice, the importance level of audit is the quantity representation of importance. It is a critical point of quantity threshold or amount. (two) significance of audit materiality level; Setting importance level is an innovation of modern audit. It is of great significance to apply the principle of materiality in auditing practice. First, it is helpful to guard against audit risk. The proper judgment of the importance level plays an important role in reducing the audit risk and guaranteeing the quality of audit. Under the sampling audit, the auditors should take certain risks to the non audit part, and the risk is related to the importance, the level setting and the importance judgment. The higher the importance level, the lower the audit risk; on the contrary, the lower the importance level, the