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Standar Pekerjaan Lapangan:

Audit ats Sales Revenues dan

Account Receivables
Pertemuan 9
Tujuan Pembelajaran:
Memahami standar pemeriksaan lapangan terkait
dengan audit atas Sales Revenues dan Accouunt
Memahami tujuan dari audit atas Sales Revenues
dan Accouunt Receivables
Memahami internal control atas Sales Revenues dan
Accouunt Receivables
Memahami dasar pencatatan Sales Revenues dan
Accouunt Receivables
Memahami dan mampu membuat prosedur audit
atas Sales Revenues dan Accouunt Receivables
Menyusun temuan audit atas Sales Revenues dan
Accouunt Receivables
Membuat surat konfirmasi piutang
SPAP SA 300 Standar Pekerjaan Lapangan
SA 311 Perencanaan dan Supervisi
SA 312 Resiko Audit dan Materialitas dalam
Pelaksanaan Audit
SA 313 Pengujian Substantif sebelum Tanggal
SA 314 Penentuan Resiko dan Pengendalian Intern
SA 316 Pertimbangan atas Kecurangan dalam Audit
Laporan Keuangan
SA 318 Pemahaman atas Bisnis Klien
SA 325 Komunikasi Masalah yang Berhubungan
dengan Pengendalian Intern yang ditemukan
dalam suatu Audit.
SA 330 Proses Konfirmasi
Understanding the Process of
Credit Sales
Points of activities
Units/functions involve in the process of
credit sales
Documents to record the process.
Business functions and the related
documents and records in the sales and
collection cycle
Processing customer order
Granting credit
Shipping goods
Billing customers and recording sales
Processing and recording cash receipts
Processing and recording sales return and
Charging of uncollectible A/R
Providing for bad debts
(see Arens Table 13-1 p. 373)
Common Documents and Records
of SR and A/R
Customer Order
Sales Order
Shipping Document
Sales Invoice
Authorized Price List
Sales Transaction Files
Sales Journal
Customer Master File
A/R Master File
Customer Monthly Statement
Components of
Internal Control of Cash
The control environment
Risk assessment
Control activities
Information and Communication
Inherent Risk, including the Risk of Fraud
Pressure to overstate revenues in order to report
achieving announced revenue and profit targets
Pressure to overstate cash and gross
receivables or understate the allowance for
doubtful accounts.
The timing of amount to be recognized
(Accounting standards used)
When receivables are factored classification ?
Classification of A/R Current vs non current ?
Sales adjustment transactions may be used to
conceal theft or lapping
Window dressing
Types of Evidence
1. Inquires of the Client
2. Observation
3. Analytical Procedures
4. Documentation
5. Reperformance
6. Confirmation
7. Physical Examination

Diskusikan contoh implementasinya !
Audit Procedures
Audit Procedure ?
is the steps should be done sequentially in
order to achieve the audit objectives.
Audit Objectives of SR and A/R
Transaction Objectives
Cut off
Balance Objectives
Rights and obligations
Valuation and Allocation
(Boynton Modern Auditing 8ed p 631)
Audit Objectives of Cash
Disclosure Objectives
Occurrence and Right and Obligation
Classification and understandability
Accuracy and Valuation

(Boynton Modern Auditing 8ed p 631)

Confirmation Letter (1)
Methods of Confirmation
Positive Confirmation
Bad internal control system
Most of the balance of receivables are big
Number of receivables are few (not many)
Long standing of receivables
Negative Confirmation
Good internal control system
Many receivables with small balance
Short standing of receivables
Confirmation Request Form see word file
Methods for Recording
Direct Write Off Method
Allowance Method
Percentage of Sales (Income Statement)
Percentage of Receivables (Balance Sheet)
Aging Schedule
Individual of Receivable (in practice)
How to record the collection of Receivables
written off ?
Examples of Audit Findings of
Fixed Assets
Assignment for students:
Write an hypothetical audit finding of fixed
assets !