YOGYAKARTA STATE UNIVERSITY

ECONOMICS FACULTY

LESSON PLAN

Faculty : Economics Faculty

Departement : Accounting
Level : Bachelor Degree
Subject : Auditing
Code : DAKT 6327
Credit : 2 Practical 1 Theory (3 credits)
Semester :3
Prerequisite course : Financial Accounting
Lecturer : Dhyah Setyorini, M.Si, Ak., CA/
Prof. Razana Juhaida Johari, Ph. D., CA(M)

I. Description

The Auditing course introduces the basics of audit. The material discussed in this course
consists of three parts, namely: auditing environment, audit planning, and audit testing methodology.
The first part, Environmental Audit, discusses auditing and the public accounting profession, auditing
financial statements and auditor responsibilities, and professional ethics. The second part, Audit
Planning, discusses the material: regarding the objectives, audit evidence, and working papers;
assignment acceptance and audit planning; materiality, risk and audit strategy; as well as
understanding the internal control structure. The third part, Audit Testing Methodology, discusses
the determination of control risk and control testing, detection risk, and substantive test design, use
of statistical sampling and non-statistical sampling, and finally, substantive testing. Besides, the
material on auditing during a pandemic (remote audit) will also be discussed in the audit testing
methodology.
Learning experiences carried out by students include observing, questioning, gathering
information, reasoning, communicating, and creating activities. The evaluation system used is the
test, observation, and performance assessment techniques. The students are also expected to have
or to show religious characteristics, be independent, responsible, sincere, polite, honest, cooperative,
tolerant, and respectful of others.

II. Learning outcomes

1. Understand concept auditing

2. Describe various audit services
3. Describe professional ethics
4. Describe the client acceptance process
5. Describe audit reports
6. Compare management and auditor responsibilities
7. Explain audit objectives
8. Describe the audit process model
9. Analyze audit risk and materiality
10. Analyze internal control
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11. Analyze control risk
12. Formulate audit planning and test of control
13. Prepare analytical procedures
14. Prepare substantive test
15. Obtain and evaluate audit evidence
16. Prepare documentation and working papers
17. Identify fraud
18. Prepare the remote audit process during a pandemic (WFH)
III. Learning Schemes
Sessions Title
1 Introduction
2 Audit service
3 Ethics for professional
accountant
4 The client acceptance
process
5 Audit report and
management and auditor
responsibilities
6 Audit objectives and audit
process model
7 Audit risk and materiality
8 Internal control (IC)
9 Control risk, audit planning
and test of control
10 Analytical procedures
11 Substantive testing and
audit evidence
12 Completing the audit and
Topics to be covered
Definition/concept audit - types audit - types
auditor - IFRS - ISA
Assurance services - non assurance services
IFAC code of ethics for professional
accountant - ethics guidelines for all
accountant (part A and B) - independence
requirements
Evaluate client’s background - specific
competence requirements - use other
professional in audit - communication with
prior auditor - engagement proposal and
letters
Basic elements/parts of audit report –
opinions - management responsibility -
auditor responsibility
Audit objective based on management
assertion - empirical scientific cycle -
standard audit process model
Understanding entity and its environment-
types risk – assess risk – planning materiality
Internal control concept – internal control
elements – design internal control
Assessing IC – testing IC – IC documentation
– assessing control risk – audit plan
Analytical review process – formulate
expectation – general analytical procedures
- analytical procedures during audit process
- analytical procedures as substantive test –
computer assisted audit technique (CAATs)
and generalized audit software (GAS) -
analytical procedures using data mining
technique
Sufficient appropriate audit evidence –
substantive audit procedures – procedures
audit for obtaining audit evidence
Quality control – evaluate evidence –
discovery of subsequent events – review
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 Sessions Title Topics to be covered
financial statement – wrap up procedure –
going concern issues – report to board of
directors
13 Documentation dan working Various working paper – document
papers retention – permanent and cuurent files –
adjusting enty
14 Fraud Type of fraud – condition for fraud -
assessing fraud – corporate governance for
reducing fraud – fraud risk responding
15 The remote audit process Condition for audit remote – advantage and
during a pandemic (WFH) disadvantage audit remote - prerequisites
and preparing audit remote –
implemetation audit remote
16 Final exam Paper

Note: Practical on session 7, 8, 9, 10, 11, 13,

IV. References

Hayes, Rick, Roger Dassen, Arnold Schider, Phillip Wallage (2013). Priciples of Auditing: An
Introduction to International Standards on Auditing, 2nd Edition. UK: Prentice Hall. (H)
Elder, Randal J., Mark S. Beasley, and Alvin A. Arens (2012). Auditing a n d Assurance Services:
An Integrated Approach , 14  th  Edition . New Jersey: Pearson Education, Inc. (A)
Others articles and readings related

V. Assessment Components

Component Weight
Class Activity 20%
Quiz and Assessment 30%
Article Review 20%
Final Exam 30%
Total 100%

Grading
Total Score Grade
86 – 100 A
81 – 85 A-
76 – 80 B+
71 – 75 B
66 – 70 B-
61 – 65 C+
56 – 60 C
41 – 55 D
0 – 40 E

VI. Learning Strategy

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The implementation of lectures during a pandemic is different from normal conditions. Students
expected to remain actively engaged in learning activities as the condition before COVID-19 plague.
Students must make assignments, quizzes, tests, and discussion forums using a contextual,
constructivist, realistic approach. Learning activity will use the Contextual Learning Model and the
Problem Based Learning Model. It also applies the online method for lecturing and discussion to
enrich the learning experience. Competency achievement was evaluated by using test and non-test
assessments.
Learning activities for this semester are carried out online using available platforms of BeSmart
e-learning, WhatsApp Group, Google Meet and Zoom meeting. The students are expected to be able
to take part in all learning activities. You need to at least attend 75% of the sessions as a condition for
taking the final exam. Quiz, assignment and final exam are available on BeSmart.

Students are expected to actively participate in class activities. The class secretary will record student
participation as part of the assessment component, including:
 answer questions asked by lecturers,
 ask for lecture material that has not been understood; questions can be addressed to
lecturers or students,
 answer questions from other students about the course material.

VII. Learning Media

The learning media provided include:
1. E-book
2. Handout
3. Presentation media
4. Articles / other reading sources

First, students must download the learning media and read this material thoroughly. After that,
students are asked to take a quiz before online lecture and discussion. The lecture sessions are
sometimes complemented by assignment activities. At the end of the semester students will be given
a group assignment to review an article or paper.

Yogyakarta, 7th September 2020

Ackowledment,
Head of Accounting Education Department, Lecturer,

Ani Widayati, Ed.D. Dhyah Setyorini, M.Si., Ak.

NIP. 197309082001122001 197711072005012001