Research on the Implementation Mechanisms of Materiality——Analysis based on the Court Cases of U.S.

The materiality is one of the important and subtle concepts in the theory and practice of accounting and auditing.The challenge faced by regulator auditor preparer and court is to ensure the essence of the concept of materiality abided by,and solve the debates on the level of materiality in practice.U.S.courts gave authentic interpretation about the judging level of materiality on specific circumstances in some cases.Based the cases,the authors try to seek the implementation mechanisms of materiality.In view of implementation mechanisms of materiality in U.S.,the authors also pay attention to the possible implementation quality of the accounting standards of China promulgated in January 2006.