基础法律英语辅导热招
您的位置:外语教育网 > 法律英语 > 英文法规 > 正文

独立审计具体准则第10号——审计重要性 SPECIFIC INDEPENDENT AUDITING STANDARD NO.10——AUDIT MATERIALITY

2006-05-15 21:48   我要纠错 | 打印 | 收藏 | | |

会协字[1996]457号
颁布日期:19961226  实施日期:19970101  颁布单位:中国注册会计师协会

  Chapter 1 General provisions

  Article 1

  This standard is prepared in accordance with the General Independent Auditing Standard to establish standards for Certified Public Accountants (“CPAs”) on the application of the principle of materiality in the audit of financial statements and to determine materiality levels reasonably.

  Article 2

  The term “materiality” in this standard refers to the seriousness of misstatements or omissions in the entity's financial statements. The degree of the seriousness may affect the judgement or decisions made by users of financial statements in certain specific circumstances.

  Article 3

  Unless otherwise specified, CPAs should refer to this standard in performing audit work other than the audit of financial statements.

  Chapter 2 general principles

  Article 4

  The assessment of materiality is a matter of the CPA's professional judgement.

  When determining the nature, timing and extent of audit procedures and evaluating the audit results, the CPA should apply the principle of materiality reasonably.

  Article 5

  When applying the principle of materiality, the CPA should consider the amounts and nature of any misstatements or omissions.

  Article 6

  The CPA should pay attention to the possibility of misstatements or omissions of small amounts that, in aggregate, could have a material effect on the financial statements.

  Article 7

  The CPA should consider the materiality at both the overall financial statement level, and related account balances and transactions level.

  Article 8

  The CPA should consider the inverse relationship between materiality and audit risk. The higher the materiality level, the lower the audit risk; the lower the materiality level, the higher the audit risk. The CPA should maintain professional scepticism when determining the materiality level.

  Article 9

  The CPA should record the process and the result of the determination of materiality level in the audit working papers.

  Chapter 3 Assessment of materiality in the preparation of the auditplan

  Article 10

  When preparing the audit plan, the CPA should make a preliminary assessment of the materiality level to determine how much audit evidence is required. The lower the materiality level, the more audit evidence should be obtained.

  Article 11

  The CPA should consider, as a whole, the following major factors and, using his audit experience, make a preliminary assessment of the materiality level:

  (1) the relevant statutory requirements for financial accounting;

  (2) the entity's size and the nature of its business;

  (3) the result of the assessment of the internal control and audit risk;

  (4) the nature of and relationship between each item in the financial statements; and

  (5) the amount and the fluctuation of each item in the financial statements.

  Article 12

  The CPA should choose a reasonable basis for judging the level of materiality and should make use of fixed ratios, variable ratios etc. To determine the level of materiality at the overall financial statement level. The basis usually includes total assets, net assets, operating revenue, net profit etc.

  Article 13

  If the materiality level for different individual statement within the financial statements in the same accounting period is different, the CPA should adopt the lowest one as the materiality level at the overall financial statement level.

  Article 14

  When preparing the audit plan, if the entity has not finished preparing the financial statements, the CPA should refer to the interim financial statements to forecast the annual financial statements or make necessary changes to last year's financial statements based on the changes in the entity's operating environment and operating conditions, to determine the materiality level at the overall financial statement level.

  Article 15

  Before preparing the audit procedures for account balances or transactions, the CPA may allocate the materiality level at the overall financial statement level to each account balance or each class of transactions, or he may separately determine the materiality level for each account balance or each class of transactions.

  Article 16

  When determining the materiality level for each account balance or each class of transactions, the CPA should consider the following major factors:

  (1) the nature of each account balance or each class of transactions and the possibility of misstatements or omissions; and

  (2) the relationship between the materiality level for each account balance or each class of transactions and the materiality level at the overall financial statement level.

  Article 17

  After determining the audit procedures to be performed, if the CPA decides to adopt a lower level of materiality, the level of audit risk increases. The CPA should adopt either or both of the following methods to control the audit risk to an acceptable level:

  (1) extend the scope of compliance tests or perform additional compliance procedures to reduce the level of the preliminary assessment of control risk;

  (2) modify the nature, timing and extent of the substantive procedures planned to be performed to reduce the detection risk to an acceptable level.

  Article 18

  If there is a modification in the audit plan during the audit, the CPA should reconsider the audit risk and materiality level for some or all of the account balances and transactions.

  Chapter 4 Considerations on materiality in evaluating the resultsof the audit

  Article 19

  The materiality level applied by the CPA in evaluating the results of the audit may be different from the materiality level in the preliminary assessment determined at the time of preparing the audit plan. If the former is much lower than the latter, the CPA should reassess the adequacy of the audit procedures performed.

  Article 20

  When evaluating the results of the audit, the CPA should aggregate the detected but uncorrected misstatements or omissions to consider whether their amount and nature would have a material effect on the financial statements.

  In aggregating the uncorrected misstatements or omissions, the CPA should include both the detected and the projected misstatements or omissions and should also consider whether subsequent events and contingencies have been properly dealt with.

  Article 21

  If the aggregate of the uncorrected misstatements or omissions exceeds the materiality level, the CPA should consider extending the scope of the substantive tests or requesting that the entity adjust the financial statements to reduce audit risk.

  Article 22

  If the entity refuses to adjust the financial statements or if, after extending the scope of the substantive tests, the aggregate of the uncorrected misstatements or omissions still exceeds the materiality level, the CPA should express a qualified opinion or an adverse opinion.

  Article 23

  If the aggregate of the uncorrected misstatements or omissions approaches the materiality level, the undetected misstatements or omissions, when taken together with the aggregate of the uncorrected misstatements or omissions, might exceed the materiality level. The CPA should consider performing additional audit procedures or requesting that the entity further adjust the detected misstatements or omissions to reduce audit risk.

  Chapter 5 Supplementary provisions

  Article 24

  The Chinese Institute of Certified Public Accountants is responsible for the interpretation of this standard.

  Article 25

  This standard takes effect from 1 January 1997.

相关资讯:
网站导航:
 四六级 指南 动态 经验 试题 资料  托福 指南 动态 经验 留学 备考
 雅思 指南 动态 机经 经验 辅导  公共英语 指南 动态 备考 试题 辅导
 日语 就业 辅导 留学 考试 报考  法语 资料 文化 考试 留学 辅导
 韩语 入门 口语 阅读 留学 文化  西语 辅导 资料 考试 留学 风采
基础法律英语
350元/门
系统讲解知识,全面提升水平
课时数:18课时左右

外语教育网(www.for68.com)是北京东大正保科技有限公司(CDEL)旗下一家大型外语远程教育网站,正保科技成立于2005年7月,是国内超大型外语远程教育基地,上榜“北京优质教育资源榜”--“百万读者推崇的网络教育机构”。


公司凭借雄厚的师资力量、先进的网络视频多媒体课件技术、严谨细致的教学作风、灵活多样的教学方式,为学员提供完整、优化的外语课程,既打破了传统面授的诸多限制,发挥了网络教育的优势,也兼顾面授的答疑与互动特点,为我国培养了大量优秀的外语人才。


为了满足学员学习不同语种、不同阶段的学习需求,网站开设了包括考试英语、行业英语、实用口语以及小语种在内的百余门语言学习课程,涵盖英语、日语、韩语、俄语、德语、法语、西班牙语、意大利语、阿拉伯语等主要语种,供学员自由选择。此外,网站还拥有各类外语专业信息和考试信息20余万条,是广大学员了解外语类考试最新政策、动态及参加各语种培训的优质网站。


北京东大正保科技有限公司成立于2000年,是一家具备网络教育资质、经教育部批准开展远程教育的专业公司,为北京市高新技术企业、中国十大教育集团、联合国教科文组织技术与职业教育培训在中国的唯一试点项目。


公司下属13家行业远程教育网站,业务涵盖了会计、法律、医学、建设、自考、成考、考研、中小学、外语、信息技术、汉语言教学等诸多领域,拥有办公面积8000多平米,员工近千人,公司年招生规模达270万人。由于正保远程教育(China Distance Education Holdings Ltd., CDEL)在中国互联网远程教育行业内的绝对优势和强大影响力,正保教育模式一直被广大投资人所追捧。2008年7月30日,公司在美国纽约证券交易所正式挂牌上市(股票交易代码:DL),是2008年唯一一家在美国纽交所上市的专业从事互联网远程教育的中国企业。


版权声明
   1、凡本网注明 “来源:外语教育网”的所有作品,版权均属外语教育网所有,未经本网授权不得转载、链接、转贴或以其他方式使用;已经本网授权的,应在授权范围内使用,且必须注明“来源:外语教育网”。违反上述声明者,本网将追究其法律责任。
  2、本网部分资料为网上搜集转载,均尽力标明作者和出处。对于本网刊载作品涉及版权等问题的,请作者与本网站联系,本网站核实确认后会尽快予以处理。
  本网转载之作品,并不意味着认同该作品的观点或真实性。如其他媒体、网站或个人转载使用,请与著作权人联系,并自负法律责任。
  3、本网站欢迎积极投稿
  4、联系方式:
编辑信箱:for68@chinaacc.com
电话:010-82319999-2371