Engagement Letter Audit of Financial Statement Independent Auditors’ Report

Auditor
And Auditor Auditor
Management of company

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 Bagian – I
Independent Auditor Report

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Independent Auditors’ Report Independent Auditors’ Report

The Unilever Group:

• Unilever NV PT Unilever Indonesia tbk
• Unilever PLC

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Addressee
The General Meeting : Auditor :
• Parent company • KPMG Accountants NV
Unilever NV • KPMG LLP
• Parent company
Unilever PLC

Auditor’s opinion:
• Consolidated FS: EU – Auditor’s opinion:
IFRS • Consolidated FS: EU – IFRS
• Unilever NV accounts: • Unilever PLC accounts : UK
UK accounting standard, accounting standard, FRS
FRS 101 and Dutch Civil 101
code • Companies Act 2006

Auditing Standard : Auditing Standard :

• Dutch Law • ISA in UK
• Dutch standard auditing

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 Materiality

Key Audit Matter

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Materiality

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Fraud Risk
assessment
ISA 240

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Auditor
responsibili
ty to review
Director
going
concern
assessment

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Directors’ and
audit committee’s
responsibilities.
Note:
In Indonesia
Management and Auditors’Responsibilities
Board od
Commissioners’
responsibilities

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PT Unilever Indonesia

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 ISA 700 & 701

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 Bagian – II
Audit of historical financial statement

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 Internal Control Audit Evidence Independent Auditors’ Report
Sufficient and Appropriate
Review : Present fairly in all material respect
To Provide a basis for
Potential Room due to In accordance with financial reporting
Audit opinion standard
Fraud

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 We have audited the accompanying financial statements of ABC Company, which
comprise the statement of financial position as at December 31, 20X1, and the statement
of comprehensive income, statement of changes in equity and statement of cash flows for
the year then ended, and a summary of significant accounting policies and other
explanatory information.

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Management is responsible for the preparation
and fair presentation of these financial Management is responsible :
statements in accordance with International 1. Preparation
2. Fair presentation
Financial Reporting Standards, and for such
3. Internal control
internal control as management determines is
4. Free from material misstatement
necessary to enable the preparationn of financial 5. fraud or error
statements that are free from material
misstatement, whether due to fraud or error

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 Our responsibility is to express an
opinion on these financial Comply with ethical requirement
statements based on our audit. We • Integrity
conducted our audit in accordance • Objectively
with International Standards on • Confidentiality
Auditing. Those standards require • Professional behavior
that we comply with ethical • Professional Due Care
requirements and plan and • Independency
perform the audit to obtain International Standards on Auditing.
reasonable assurance about • Express an Opinion
whether the financial statements • reasonable assurance
are free from material • free from material
misstatement misstatement

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An audit involves performing procedures to obtain
audit evidence about the amounts and disclosures
in the financial statements. The procedures selected
depend on the auditor’s judgment, including the
assessment of the risks of material misstatement of
the financial statements, whether due to fraud or
error. In making those risk assessments, the auditor
considers internal control relevant to the entity’s
preparation and fair presentation of the financial Auditing Standard
statements in order to design audit procedures that 1. Internal control
are appropriate in the circumstances, but not for the 2. Audit Evidence
purpose of expressing an opinion on the 3. Risk of material Misstatement
effectiveness of the entity’s internal control. An audit 4. Skepticism
also includes evaluating the appropriateness of 5. professional judgement
accounting policies used and the reasonableness of
accounting estimates made by management, as well
as evaluating the overall presentation of the financial
statements.

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 Bagian – III
Risk based audit and Audit Evidence

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 Resiko Resiko Resiko
1 2 3

1. Auditor tidak memahami industry,
bisnis dan organisasi kliennya
2. Salah melakukan atau tidak
melakuan Risk Assessment
3. Salah strategy dan perencanaan
audit
1. Salah atau tidak memadai waktu
melaksanakan Substantive test
2. Gagal memperoleh Bukti Audit
yang tepat dan memadai
3. Tidak menyadari kegagalan no 2
tersebut
1. Salah merumuskan Pernyataan
Pendapat atas Laporan keuangan
yang diaudit
2. Kesalahan ini karena merumuskan
Pernyataan Pendapat berdasarkan
bukti audit yang tidak tepat dan
tidak memadai

Resiko
Audit

Risiko kesalahan auditor dalam memberikan pendapat wajar tanpa pengecualian atas laporan keuangan yang salah
saji secara material yang disebabkan oleh kesalahan atau fraud (penipuan melalui laporan keuangan)
Audit risk refers to the risk that an auditor may issue an Unmodified (unqualified) report due to the auditor's failure
to detect material misstatement either due to error or fraud
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An assurance engagement
in which the auditor
reduces engagement risk
to an acceptably low level
in the circumstances of the
engagement as the basis
for the auditor’s
conclusion.

Reasonable
Assurance

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 Bagian – IV
Professional Judgement and Skepticism

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 Audit
Professional Professional
Evidence
Judgement Skepticism
process

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 The auditor shall exercise professional judgment in planning and
performing an audit of financial statements
Professional
Judgement
The application of relevant training, knowledge and experience, within
the context provided by auditing, accounting and ethical standards, in
making informed decisions about the courses of action that are
appropriate in the circumstances of the audit engagement

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 The Application of Professional Skepticism

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 Risk
Assessment

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Application of professional skepticism

Evaluating whether sufficient appropriate audit evidence has been obtained

Evaluating management’s judgments, and the potential for management bias, in applying the
entity’s applicable financial reporting framework, in particular management’s choice of valuation
techniques, use of assumptions in valuation techniques, and addressing circumstances in which the
auditor’s judgments and management’s judgments differ.

Drawing conclusions based on the audit evidence obtained, for example assessing the
reasonableness of valuations prepared by management’s experts and evaluating whether
disclosures in the financial statements achieve fair presentation. Planning

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