NAMA : M.

MOGI LEOVIANSYAH

NIM : 1901526911
Tugas Individu ke 1

Minggu 3

Tugas 1

The following risk factors were identified by various audit teams during the audit of their clients.

1. The client has a strong control environment and good controls over the existence of inventory.

2. The client is in an industry that has both significant regulatory oversight and complex regulations.

3. The client has recently experienced turnover in it's information technology group, resulting in
decreased segregation of duties and a deterioration of computer general controls.

4. The client is a private university with primarily full-time students, a small amount of receivables at
year-end, and good internal controls over revenues.

5. A company’s business plans are dependent on the success of entering new foreign markets with
existing products.

6. The client has used significant borrowing to fund expansion in a competitive industry and has a
narrow tolerance range regarding debt covenants.

7. Analytical procedures for a manufacturer show significant increases in both profit margins and
inventory turn days.

8. Inventory items are small in size and high in value.

9. The telecommunications client is in a capital-intensive industry, and fixed assets additions involve
complex accounting issues.

10. The audit team has experienced several attempts by management to justify marginal or
inappropriate accounting on the basis of immateriality.

11. Analytical procedures for a manufacturer show significant increases in both revenue growth and
accounts receivable turn days.

1024F – Audit Keuangan II

Required

For each risk factor (a) identify the type of misstatement that can occur and (b) an audit strategy that is
relevant to the risk factor.

Example Type of Potential Misstatement (a) Audit Strategy

Risk Factor (b)
1 Pengendalian yang dimiliki klien sudah bagus Pengendalian resiko
dilakukan di bagian paling
rendah
2 Bisa salah saji pada beberapa akun Memakai pengujian
substantif

3 Mungkin salah saji pada beberapa akun Memakai pengujian

substantif

4 Dapat terjadi pendapatan yang menjadi Memakai prosedur analitis

piutang
5 Dapat terjadi pendapatan yang menjadi Memakai pengujian
piutang substantif

6 Dipengaruhi oleh perjanjian itu Memakai pengujian

substantif

7 Berdasarkan eksistensi persediaan Memakai pengujian

substantif

8 Berdasarkan eksistensi persediaan Memakai pengujian

substantif

9 Adanya valuasi alokasi untuk asset lancar Memakai pengujian

substantif

1024F – Audit Keuangan II

 10 Adanya valuasi alokasi dari tim audit Memakai pengujian
substantif

11 Dapat terjadi pendapatan yang menjadi Memakai pengujian

piutang substantif

Tugas 2

In designing the audit program for substantive tests of account receivable and plant assets in the Abbott
Company, the auditor identified the following audit objectives:

1. Accounts receivable include all claims on customers at the balance sheet date.

2. Recorded plant assets represent assets that are in use at the balance sheet date.

3. Accounts receivable are properly identified and classified in the balance sheet.

4. Plant assets are stated at cost less accumulated depreciation.

5. The allowance for uncollectible accounts is a reasonable estimate of future bad debts.

6. The entity has ownership rights to all plant assets at the balance sheet date.

7. Accounts receivable represent legal claims on customer for payment.

8. Plant assets balances include the effects of all transactions and events that occurred during the
period.

9. Accounts receivable represent claims on customers at the balance sheet date.

1024F – Audit Keuangan II

10. Depreciation methods used by the client are adequately disclosed in the notes to the financial
statements.

11. The account receivable balance represents gross claims on customers and agrees with the sum of the
account receivable subsidiary ledger.

12. Capital lease agreements are disclosed in accordance with GAAP.

13. Appropriate disclosures are made about accounts receivable that are assigned or pledged at the
balance sheet date.

1024F – Audit Keuangan II

14. Plant assets are properly identified and classified in the balance sheet.

Required

Identify the financial statement assertion to which each objective relates. Use the following format for
your answers:

Objective Assertion

1 Kelengkapan

2 Keterjadian atau keberadaan

3 Penilaian dan alokasi

4 Penilaian dan alokasi

5 Penilaian dan alokasi

6 Hak dan kewajiban

7 Hak dan kewajiban

8 Kelengkapan

9 Keterjadian atau keberadaan

10 Penyajian dan pengungkapan

11 Keterjadian atau keberadaan

12 Penyajian dan pengungkapan

13 Penyajian dan pengungkapan

14 Kelengkapan

Tugas 3

Audit procedures used in performing substantive tests during the audit of the Harris Company are as
follows:

1. Count cash on hand.

1024F – Audit Keuangan II

2. Confirm account receivable.

3. Vouch plant asset additions to purchase documents.

4. Recalculate accrued interest on notes payable.

5. Inquire of management about pledging of plant assets as security for long-term debt.

6. Compute inventory turnover ratio.

7. Vouch ending inventory pricing to purchase invoices.

8. Review client-prepared bank reconciliation.

9. Verify accuracy of accounts receivable balance and agreement with subsidiary ledger.

10. Obtain details of accounts receivable subsidiary ledger and reconcile to the general ledger.

11. Compare statement disclosures for leases with GAAP.

12. Review adequacy of client’s provision for uncollectible accounts.

13. Examine certificates of title for delivery equipment.

14. Confirm receivables.

1024F – Audit Keuangan II

15. Trace bad-debt write-off authorizations to accounts receivable.

16. Observe client’s inventory taking.

17. Trace unpaid vendors’ invoices to account payable at year-end.

18. Compare pension disclosures to a disclosure checklist.

Required

For each of the audit procedures, identify (a) the type of substantive test (1-initial procedures, 2-analytical
procedures, 3-test of details of transactions, 4-test of details of balances, 5-tests of accounting estimates,
or 6-test of details of disclosures), and (b) one audit objective to which the test relates. Present your
answer in columnar form using the following headings:

Audit Type of Substantive Test Audit Objective

Procedure

1 Pengujian rinci atas detail saldo Penilaian dan alokasi,

Kelengkapan

2 Pengujian rinci atas detail saldo Keterjadian atau keberadaan

3 Pengujian rinci atas detail transaksi Tingkat keakurasian

4 Pengujian rinci atas detail pengungkapan Kelengkapan

5 Pengujian rinci atas detail saldo Penilaian dan alokasi

6 Prosedur analitis Keterjadian atau keberadaan

7 Pengujian rinci atas detail saldo Penilaian dan alokasi

8 Pengujian rinci atas detail saldo Hak dan kewajiban

9 Prosedur inisial Penilaian dan alokasi

10 Prosedur inisial Penilaian dan alokasi

11 Pengujian rinci atas detail pengungkapan Hak dan kewajiban

12 Uji estimasi akuntansi Penilaian dan alokasi

13 Pengujian rinci atas detail saldo Hak dan kewajiban

1024F – Audit Keuangan II

14 Prosedur analitis Kelengkapan, Keterjadian
atau keberadaan

15 Pengujian rinci atas detail transaksi Tingkat keakurasian

16 Pengujian rinci atas detail saldo Keterjadian atau

keberadaan,

Penilaian dan alokasi

17 Pengujian rinci atas detail transaksi Kelengkapan

18 Pengujian rinci atas detail pengungkapan Hak dan kewajiban

1024F – Audit Keuangan II