Distinguish between statements, specific transaction categories, and actual executions Category Description Concerns Report Establish a materiality level for the financial statements as a whole that is appropriate in light of the particular circumstances The consideration of the company's earnings and other relevant factors Specific types of transactions Establish separate materiality levels for those accounts or disclosures Plan the nature, timing, and extent of audit procedures for those accounts or disclosures Actual execution The level of importance actually used during the auditThe effectiveness of the audit in detecting material misstatements in the financial statements Take into account the nature, cause (if known), and amount of misstatements that were accumulated in audits of the financial statements of prior periods请翻译成中文