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  • 标题:Government Audit Materiality (Part One): How and Why is It Different from Corporate Audit Materiality – A Theoretical Matrix on Three Materiality Differences and Corresponding Contextual Reasons
  • 本地全文:下载
  • 作者:Yining Zhou
  • 期刊名称:International Journal of Economics and Finance
  • 印刷版ISSN:1916-971X
  • 电子版ISSN:1916-9728
  • 出版年度:2012
  • 卷号:4
  • 期号:1
  • 页码:80
  • DOI:10.5539/ijef.v4n1p80
  • 出版社:Canadian Center of Science and Education
  • 摘要:

    This research is to explore materiality concept in government audit. Based on a case study on a local government audit office, this research discovers that: in judging material information, government audit differs significantly from corporate audit on three aspects, ‘tight materiality thresholds’, ‘focus on qualitative considerations’, and ‘income and expenditure as materiality-focused subjects’. And furthermore, it argues that these sharp differences result from inherent contextual situations in government audit: pressure from public accountability; high auditor status; power in collecting evidence; and public stakeholder interests. The outcome of the research conveys a message: materiality is contextual. It is uneasy, unreasonable and unnecessary to copy directly from corporate materiality models or guidelines to government audit; rather, the study on governmental context itself is necessary and unavoidable in developing government audit materiality guidelines.

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