| With the research of audit theory,it is a new stage of modern audit has entered,its core idea is risk-oriented audit.In the audit work,auditors need to review the relevant information of financial statements within a certain period of time,but limited by the cost benefit,it is difficult to complete the comprehensive audit of financial statements.Because of the heavy workload,auditors need to focus on the important aspects of the operation of the audit.Therefore,how to correctly understand the connotation of risk-oriented audit,make full use of the concept of audit materiality,and improve the audit quality and efficiency,has become an urgent problem to be studied.Therefore,this paper takes the financial statement audit of TH coal group conducted by SW Accounting Firm as an example.Firstly,it expounds the meaning of audit materiality,the calculation and determination of audit materiality level,and the application requirements of audit materiality level.Then,combined with audit cases,it summarizes the problems existing in the process of using the concept of materiality in audit practice,including: the selection of benchmarks and percentages is not rigorous,the determination of the materiality level of actual implementation is not reasonable,,the qualitative analysis of the project below the materiality level is difficult;Then it analyzes the causes of the problems,including the difference of professional judgment of auditors,failure to understand the essence of risk-oriented audit,more restrictions on social audit and not paying enough attention to the concept of materiality.Finally,this paper puts forward the following countermeasures to solve the existing problems and causes: it is suggested that accounting firms should include audit materiality into the scope of disclosure and formulate a guidance manual for the application of the concept of materiality.The conclusions of this study can provide useful references and enlightenment for accounting firms and certified public accountants to correctly use audit materiality level,ensure and improve audit quality,and for regulatory departments to strengthen the supervision of the use of audit materiality level. |
