Analysis of Applying Materiality in Government Audit

Materiality is a key concept in modern audit theory and practice and it is first introduced into the modification of Basic Standards of Government Audit of the People's Republic of China lately.The author has studied the materiality concept and disclosed why the auditing materiality is as same as the accounting materiality.How to establish an acceptable materiality level according to the difference audit type.How to apply the materiality concept during audit.What problem has in applying materiality concept currently and what problem may be resulted from.