Deskripsi Perbedaan Jenis - Audit
Deskripsi Perbedaan Jenis - Audit
Deskripsi Perbedaan Jenis - Audit
2. Operational Audit
Efficiency Effectiveness
3. Compliance Audit
Objective of Conducting an
Audit of Financial Statements
1b.Unqualified with
3.Adverse
explanatory paragraph
4. disclaimer
or modified wording
Materiality
Audit
Business
Failure
Failure
Audit
Risk
Business Failure, Audit
Failure, and Audit Risk
Business failure
It occurs when a business is unable to
repay its lenders or meet the
expectations of its investors because
of economic or business conditions.
Business Failure, Audit
Failure, and Audit Risk
Audit failure
It occurs when the auditor issues an
erroneous audit opinion as the result
of an underlying failure to comply
with the requirements of generally
accepted auditing standards (GAAS).
Business Failure, Audit
Failure, and Audit Risk
Audit risk
It represents the risk that the auditor will
conclude that the financial statements
are fairly stated and an unqualified
opinion can be issued when, in fact,
they are materially misstated.
Responsibilities
Management is responsible
for the financial statements,
and for internal control.
Auditors issue an
opinion on fairness
of the financial statements.
Management Assertions
1. Existence or occurrence
2. Completeness
3. Valuation or allocation
4. Rights and obligations
5. Presentation and disclosure
Transaction-Related
Audit Objectives
Recorded
1.Existence
transactions exist.
Existing transactions
2.Completeness
are recorded.
Recorded transactions
3.Accuracy are stated at the
correct amount.
Transaction-Related
Audit Objectives
Transactions are
4.Classification
properly classified.
Transactions are recorded
5.Timing
on the correct dates.
Transactions are included
6.Posting and
in the master files and
summarization
are correctly summarized.
General Balance-Related
Audit Objectives
Amounts
1.Existence
included exist.
Existing amounts
2.Completeness
are included.
Amounts included
3.Accuracy are stated at the
correct amounts.
General Balance-Related
Audit Objectives
Amounts are
4.Classification
properly classified.
Transactions are recorded
5.Cutoff
in the proper period.
Account balances agree
6.Detail tie-in with master file amounts,
and with the general ledger.
General Balance-Related
Audit Objectives
1.Competence
2.Sufficiency
3.Relevance
4.Timeliness
Types of Audit Evidence
1. Physical examination
2. Confirmation
3. Documentation
4. Analytical procedures
5. Inquiries of the client
6. Reperformance
7. Observation
1.Permanent Files
Audit program
General information
Working trial balance
Adjusting and reclassification entries
Supporting schedules
Analytical Procedures
Control Environment
1. Procedures to obtain an
understanding of internal control
2. Tests of control
3. Substantive tests of transactions
4. Analytical procedures
5. Tests of details of balances
Relationship Between
Types of Tests and Evidence
Type of Evidence
Documentation
Confirmation
Examination
Observation
Physical
Type of Test
Procedures for internal control
Tests of controls
Substantive tests of transactions
Analytical procedures
Tests of details of balances
Relationship Between
Types of Tests and Evidence
Type of Evidence
Reperformance
performance
Inquiries of
the client
Analytic
Type of Test
Procedures for internal control
Tests of controls
Substantive tests of transactions
Analytical procedures
Tests of details of balances