AUDIT

METHODOLOGY

IDEAL PROJECT
FEB 8, 2017
PROFILE
BOARD OF PARTNERS

1. Marcellinus Wendra, M.Comm., CPA., BKP (Managing Partner)

2. N. Rama Gautama
3. Acep Kusmayadi, Ak., CPA
4. Luh Gede Meqa Putri Tiatera
5. Dodi Pribadi, CPA
6. Mimando, S.E., Ak., CPA
7. Ari lswahyudiWibowo, S.E., CPAI, CPA
8. Wildan Permana Bachtiar. CPA
9. Hendi Punruanto, S.E., Ak., CA., CPA
10. Mukhlisy llvas,S.E., Ak., BKP
11. lda Baqus Enderarta Diputra, S.E., Ak., CPA
OVERVIEW

The auditor’s overall objectives can be summarized as follows:

 To obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error,
thereby enabling the auditor to express an opinion on whether the financial
statements are prepared, in all material respects, in accordance with an
applicable financial reporting framework; and
 To report on the financial statements, and communicate as required by the
ISAs, in accordance with the auditor’s findings.

Reasonable Assurance and Limitation of an Audit

Reasonable assurance is a high but not absolute level of assurance. It is obtained
when the auditor has obtained sufficient appropriate audit evidence to reduce audit
risk (that is, the risk that the auditor expresses an inappropriate opinion when the
financial statements are materially misstated) to an acceptably low level.
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AUDIT CYCLE

P e r fo r m P r e -E n g a g e m e n t A c tiv itie s

P e r fo r m P r e lim in a r y P la n n in g

D e v e lo p A u d it P la n

P e r fo r m A u d it P la n

C o n c lu d e a n d R e p o rt

P e r fo r m P o s t-E n g a g e m e n t A c tiv itie s

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RISK BASED AUDIT

AUDIT BERBASIS RISIKO

Risk Assessment Risk Response Reporting

- Plan the audit - Design further audit - Evaluate the audit

- Perform risk assessment procedures evidence obtained
- Perform further audit - Prepare audit report
procedures
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EVIDENCE GATHERED

Physical
Examination
Confirmation
Observation

Audit Documentation
Reperformance Evidence

Analytical
procedures
Recalculation
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REPORTING

Auditor ‘s Judgment about the

Pervasiveness of the Effects or Possible on
the Financial Statements

Nature of Matter Giving Material but Not Material and pervasive

Rise to the Modification Pervasive

Financial Statements are Qualified Opinion Adverse Opinion

materially misstated

Inability to obtain Qualified Opinion Disclaimer of Opinion

suffecient appropriate
audit evidence
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TIME FRAME

Kick-off Obtain Data Visit and Review and Exit meeting Audit Report
meeting Data Request verify data communicate and issue
Request Detail fact finding and resolved
issues

2 week 1 week
QUESTIONS & ANSWERS