Modul ke:

AUDITING 11
05 Fakultas
Audit Siklus Akuisisi dan Pembayaran:
Pemeriksaan dan Pengujian Substantif
atas Transaksi dan Hutang - Bagian Kedua
Fakultas FEB Anna Christin SE Ak MM

Program Studi
AKUNTANSI
www.mercubuana.ac.id
Learning Objective 1
• Design and perform analytical procedures for
accounts payable.
 Analytical Procedures for the
Acquisition and Payment Cycle
Analytical procedure Possible misstatement

Compare acquisition-related Misstatement of accounts

expense account balances payable and expenses
with prior years.

Review list of accounts payable Classification misstatement

for unusual, nonvendor, and for nontrade liabilities
interest-bearing payables
 Analytical Procedures for the
Acquisition and Payment Cycle
Analytical procedure Possible misstatement

Compare individual accounts Unrecorded or nonexistent

payable with previous years accounts, or misstatements

Calculate ratios, such as Unrecorded or nonexistent

purchases divided by accounts accounts, or misstatements
payable, and accounts payable
divided by current liabilities
Learning Objective 2
• Design and perform tests of
• details of balances for accounts
• payable, including out-of-period
• liability tests.
Out-of-Period Liability Tests
 Examine underlying documentation for
subsequent cash disbursements

 Examine underlying documentation for bills

not paid several weeks after the year-end

 Trace receiving reports issued before

year-end to related vendors’ invoices
Out-of-Period Liability Tests
 Trace vendors’ statements that show a balance
due to the accounts payable trial balance

 Send confirmations to vendors with which

the client does business
Cutoff Tests
 Relationship of cutoff to physical
observation of inventory

 Inventory in transit
 FOB destination
 FOB origin
Learning Objective 3
• Distinguish the reliability of
• vendors’ invoices, vendors’
• statements, and confirmations
• of accounts payable as audit
• evidence.
Reliability of Evidence
 Distinction between vendors’ invoices
and vendors’ statements

 Difference between vendors’ statements

and confirmations
Sample Size
Sample sizes for accounts payable tests vary
considerably, depending on many factors.

Statistical sampling is less commonly used

for the audit of accounts payable than
for accounts receivable.
 Types of Audit Tests for the
Acquisition and Payment Cycle
Cash in Accounts Acquisition
Bank Payable Expenses
Payments Expenses
Audited by Audited by
TOC, STOT, and AP TOC, STOT, and AP

Ending Ending
balance balance
Audited by Audited
AP and by AP
TDB
TOC + STOT + AP + TDB
= Sufficient appropriate evidence per GAAS
Types of Audit Tests for the
Acquisition and Payment Cycle
Accounts Acquisition
Payable Assets
Acquisition
of assets
Audited by
TOC, STOT, and AP

Ending
balance
Audited by
AP and
TDB
TOC + STOT + AP + TDB
= Sufficient appropriate evidence per GAAS
Terima Kasih
Anna Christin SE Ak MM.