Siklus Pengeluaran

The
Expenditure
Cycle
Develop Audit Objectives
Understanding
the Entity and
Environment
 • Management Misstatement of
Expenditures
• Understate expenses
• Understate payables
Inherent Risk,
• Other Misstatement Factors
Including the • High volume of transactions
Risk of Fraud •
•
Unauthorized purchases
Misappropriation
• Duplication of payments
 Analytical
Procedures
 • Control Environment

Consideration of • Risk Assessment

Internal Control
Components • Information and Communication

• Monitoring
 • Purchase requisition

• Purchase order
Purchase
• Approved vendor master file
Transactions –
Documents and • Open purchase order file
Records • Receiving report

• Receiving file

• Vendor Invoice
 • Voucher

• Exception reports
Purchase
Transactions – • Voucher summary
Common
• Voucher register
Documents and
Records • Purchase transactions file

• Accounts payable master file

• Suspense files
 • Initiating Purchases
• Placing vendors on an authorized
Purchase vendor list
• Requisitioning goods and services
Transactions – • Preparing purchase orders
Functions and
Control • Receipt of Goods and Services
• Receiving the goods
Activities • Storing goods received for inventory
• Returning goods to vendor

• Recording Liabilities
 Systems
Flowchart –
Purchase
Transaction
 Systems
Flowchart –
Purchase
Transaction
 Systems
Flowchart –
Purchase
Transaction
 • Check

• Check Summary
Cash Disbursement
Transactions– • Cash Disbursements Transaction
Common Documents File
and Records
• Cash Disbursements Journal or
Check Register
 •Computerized System
• Paying the Liability
Cash • Recording the
Disbursement Disbursement
Transactions-
Function and •Manual System
Control Activities • Paying the Liability
• Recording the
Disbursement
 Systems
Flowchart –
Cash
Disbursement
Transactions
 Purchase • Purchase Return
Authorization
Adjustment
Transactions–
Common • Shipping Report
Documents and
Records
• Debit Memo
 • Purchase Returns and
Allowances
Purchase
Adjustment
Function and • Other Controls
Controls

• Tests of Controls
 Substantive Tests of Accounts Payable
Balances
• Determining Detection Risk for Tests of Details
• Existence and Occurrence

• Completeness

• Rights and Obligations

• Valuation and Allocation

• Presentation and Disclosure

 Initial
Designing Procedures
Substantive
Tests
Analytical
Procedures
 • Tests of Details of Transactions
• Vouch Recorded Payables to Supporting
Documentation
Designing
Substantive Tests • Perform Cutoff Tests
• Purchases cutoff tests
• Cash disbursement cutoff tests
• Purchase return cutoff tests

• Perform Search for Unrecorded Payables

• Subsequent payments
 • Tests of Details of Balances
• Accounts Payable Confirmations
Designing
• Reconcile Unconfirmed Payables
Substantive Tests to Vendor Statements

• Tests of Details of Disclosures