审计英语10年一节.docVIP

Section 7　Concept of materialityAn item is material if its omission or misstatement could influence the economic decisions of users taken on the basis of the financial statements. 　　In planning the audit, the auditor therefore needs to establish materiality levels to ensure that any material misstatement or omissions in the accounting records are discovered.　　Materiality will also be relevant to the internal auditor, although more from quantifying risk exposure of general findings to management rather than form the point of view of the financial statements. 　　Notes:　　Materiality:重要性　　Om