ch17-siklus-investasi-pendanaan (1).ppt

Modern Auditing:Modern Auditing:Assurance Services and the Assurance Services and the

Integrity of Financial Reporting, 8Integrity of Financial Reporting, 8thth EditionEdition

Modern Auditing:Modern Auditing:Assurance Services and the Assurance Services and the

Integrity of Financial Reporting, 8Integrity of Financial Reporting, 8thth EditionEdition

William C. BoyntonWilliam C. BoyntonCalifornia Polytechnic State California Polytechnic State

University at San Luis ObispoUniversity at San Luis Obispo

Raymond N. Raymond N. JohnsonJohnson

Portland State UniversityPortland State University

Chapter 17 – Auditing the Investing and Financing Cycles

Chapter OverviewChapter OverviewChapter OverviewChapter Overview

Sifat Siklus Investasi dan Sifat Siklus Investasi dan PembiayaanPembiayaan

Sifat Siklus Investasi dan Sifat Siklus Investasi dan PembiayaanPembiayaan

• Penelaahan atas siklus investasi dan pembiayaan– Aktivitas investasi

– Aktivitas pembiayaan

• Pemahaman tentang bisnis dan industri untuk mengembangkan strategi audit

Understanding the Entity and Understanding the Entity and EnvironmentEnvironment

Understanding the Entity and Understanding the Entity and EnvironmentEnvironment

Ikhtisar Aktiva tetap bersih dan bagaimana aktiva itu Ikhtisar Aktiva tetap bersih dan bagaimana aktiva itu dibiayai untuk industri tertentudibiayai untuk industri tertentu

Ikhtisar Aktiva tetap bersih dan bagaimana aktiva itu Ikhtisar Aktiva tetap bersih dan bagaimana aktiva itu dibiayai untuk industri tertentudibiayai untuk industri tertentu

Hotel Sekolah Pengecer makanan

Pabrikan perabot RT

Komputer elektronik

AT bersih sebagai % dari total aktiva

75% 57% 42% 36% 16%

Hutang operasi sbg % dari total aktiva

25% 23% 36% 47% 56%

Pembiayaan dengan hutang sbg % daritotal aktiva

65% 19% 33% 23% 10%

Ekuitas sbg % dari total aktiva

10% 58% 31% 30% 34%

100% 100% 100% 100% 100%

Penjulanan terhadap aktiva tetap bersih

0,8 1,3 1,6 3,7 17,3

Penjualan terhadap total aktiva

0,6 0,8 0,7 1,4 2,8

Siklus Investasi-Tujuan auditSiklus Investasi-Tujuan auditSiklus Investasi-Tujuan auditSiklus Investasi-Tujuan audit

• Siklus investasi difokuskan pada investasi aktiva tetap

• Tujuan Audit assersi manajemen

• Perencanaan dan Metodologi Audit – Materialitas– Inherent Risk– Analytical Risk– Controling Risk

Investing Cycle – Analytical Investing Cycle – Analytical ProceduresProcedures

Investing Cycle – Analytical Investing Cycle – Analytical ProceduresProcedures

Pengujian Subtantif Atas Saldo Pengujian Subtantif Atas Saldo Aktiva TetapAktiva Tetap

Pengujian Subtantif Atas Saldo Pengujian Subtantif Atas Saldo Aktiva TetapAktiva Tetap

• Prosedur Awal

• Prosedur Analisis

• Pengujian Rincian Transaksi– Memvouching penambahan Aktiva

tetap– Memvouching pelepasan aktiva tetap– Mereview ayat jurnal beban reparasi

dan pemeliharaan

Substantive Tests for Plant Substantive Tests for Plant AssetsAssets

Substantive Tests for Plant Substantive Tests for Plant AssetsAssets

• Tests of Details of Balances– Menginspeksi Aktiva Tetap– Memeriksa dokumen dan kontrak hak

kepemilikan

• Pengujian rincian saldo : Estimasi Akuntansi– Review Penyisihan untuk Penyusutan– Penurunan Nilai Aktiva Tetap

Financing CycleFinancing CycleFinancing CycleFinancing Cycle

Financing Cycle – Audit Financing Cycle – Audit ObjectivesObjectives

Financing Cycle – Audit Financing Cycle – Audit ObjectivesObjectives

Financing Cycle – Analytical Financing Cycle – Analytical ProceduresProcedures

Financing Cycle – Analytical Financing Cycle – Analytical ProceduresProcedures

Financing CycleFinancing CycleFinancing CycleFinancing Cycle

• Inherent Risk

• Consideration of Internal Control

• Common Documents and Records

Financing Cycle – Functions Financing Cycle – Functions and Related Controlsand Related Controls

Financing Cycle – Functions Financing Cycle – Functions and Related Controlsand Related Controls

• Authorizing bonds and capital stock

• Issuing bonds and capital stock

• Paying bond interest and cash dividends

• Redeeming and reacquiring bonds and capital stock

• Recording financing transactions

Preliminary Audit Strategies Preliminary Audit Strategies for Long-Term Debtfor Long-Term Debt

Preliminary Audit Strategies Preliminary Audit Strategies for Long-Term Debtfor Long-Term Debt

Substantive Tests of Long-Substantive Tests of Long-Term DebtTerm Debt

Substantive Tests of Long-Substantive Tests of Long-Term DebtTerm Debt

• Initial Procedures

• Analytical Procedures

• Tests of Details of Transactions

Substantive Tests of Long-Substantive Tests of Long-Term DebtTerm Debt

Substantive Tests of Long-Substantive Tests of Long-Term DebtTerm Debt

• Tests of Details of Balances

• Tests of Details of Presentation and Disclosure

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4. This cycle involves activities such as acquiring debt, issuing bonds, and issuing common stock.

A. Investing CycleB. Financing CycleC. Cash Disbursements CycleD. Cash Receipts Cycle

B. Financing Cycle

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5. This financing function involves making payments to the proper payees in according with board of director or management authorizations.

A. Authorizing bondsB. Authorizing capital stockC. Paying bond interest and cash dividendsD. Recording financing transactions

C. Paying bond interest and cash dividends

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6. All of the following are tests of details of balances for the financing cycle, except:

A. Confirmation of accounts payableB. Confirmation of long-term debtC. Review authorization and contractsD. Recalculate interest expense

A. Confirmation of accounts payable

Preliminary Audit Strategies Preliminary Audit Strategies for Shareholders’ Equityfor Shareholders’ Equity

Preliminary Audit Strategies Preliminary Audit Strategies for Shareholders’ Equityfor Shareholders’ Equity

Analytical ProceduresAnalytical ProceduresAnalytical ProceduresAnalytical Procedures

Substantive Tests of Substantive Tests of Stockholders’ EquityStockholders’ EquitySubstantive Tests of Substantive Tests of Stockholders’ EquityStockholders’ Equity

• Initial Procedures

• Analytical Procedures

• Tests of Details of Transactions– Vouch Entries to Paid-in Capital

Accounts– Vouch Entries to Retained Earnings

Substantive Tests of Substantive Tests of Stockholders’ EquityStockholders’ EquitySubstantive Tests of Substantive Tests of Stockholders’ EquityStockholders’ Equity

• Tests of Details of Balances– Review Articles of Incorporation and

Bylaws– Review Authorization and Terms of Stock

Issues– Confirm Shares Outstanding with

Registrar and Transfer Agent– Inspect Stock Certificate Book– Inspect Certificates of Shares Held in

Treasury

• Tests of Details of Presentation and Disclosure