Presentation on theme: "Melengkapi Tes dalam Siklus Penjualan Dan Pengaihan : Rekening Piutan"— Presentation transcript:
1Melengkapi Tes dalam Siklus Penjualan Dan Pengaihan : Rekening Piutan BAB 15
2Menjelaskan Metodelogi Desain Rincian saldo menggunakan model audit resiko
3Tujuan Audit rekening Piutang Yang berkaitan dengan Saldo Piutang Detail tie-inAccuracyRealizablevalueExistenceClassificationRights andobligationsCompletenessCutoffPresentationand disclosure
4Metodelogi untuk desain Tes Rincian Saldo –Piutang Dagang Identify client business risksaffecting accounts receivable.Set tolerable misstatementand assess inherent riskfor accounts receivable.Assess control risk for salesand collection cycle.
5Metodelogi untuk desain Tes Rincian Saldo –Piutang Dagang Design and perform tests ofcontrols and substantive testsof transactions for sales andcollection cycle.Design and perform analyticalprocedures for accountsreceivable balance.
6Metodelogi untuk desain Tes Rincian Saldo –Piutang Dagang Design tests of details ofaccounts receivable balanceto satisfy balance-relatedaudit objectives.Design tests of details ofaccounts receivable balanceto satisfy balance-relatedaudit objectives.Audit proceduresSample sizeSample sizeItems to selectTiming
7Hubungan Antara Siklus Penjualan Dengan Rekening Piutang Accounts ReceivableBalance-RelatedAudit ObjectivesDetail tie-inExistenceCompletenessAccuracyClassificationCutoffRealizablevalueRightsand disclosurePresentationTranslation-RelatedAudit ObjectivesSalesExistence×Completeness×Accuracy×Classification×Timing×Posting/Summary×
8Relationship Between Sales and Accounts Receivable Balance-RelatedAudit ObjectivesDetail tie-inExistenceCompletenessAccuracyClassificationCutoffRealizablevalueRightsand disclosurePresentationTranslation-RelatedAudit ObjectivesCash receiptsExistence×Completeness×Accuracy×Classification×Timing×Posting/Summary×
9Mendesain dan melaksanakan Prosedur Analitik Untuk Rekenig Siklus Penjualan Dan Penagihan
10Analytical Procedures for the Sales and Collection Cycle CompareGross margin percentage with previous yearsSales by month over timeSales returns and allowances as a percentageof gross sales with previous yearsby product line
11Analytical Procedures for the Sales and Collection Cycle CompareIndividual customer balances over a stated amountBad debt expense as a percentage of gross salesDays that accounts receivable are outstandingwith previous years
12Analytical Procedures for the Sales and Collection Cycle CompareAging category as a percentage of receivablesAllowance for uncollectible accountsas a percentage of accounts receivableCharge-off of uncollectible accountsas a percentage of total accounts receivablewith previous years
13Selected Comparative Information Percent Percent2002 Change Change 2000(000) (000) (000)SalesGross marginAccounts receivableBad debt expense (2.9)Total assets (7.0)Net earningsNumber of accountsreceivable
14Analytical Procedures Sales and Collection Cycle Gross margin/net sales % 27.7% 27.5%Sales R&A/gross sales % % %Bad debt expense/net sales % % %Allowance for uncollectibleaccounts/accounts receivable 6.1% % %Number of days receivablesoutstandingNet accounts receivable/current assets % 38.6% 36.0%
15Design and Perform Tests of Details of A/R Balance (Phase III) Planned detection risk for eachobjective is an auditor’s decision.Combining the factors that determineplanned detection risk is complex.
16Analytical Procedures for Gross Margin Gross Margin PercentClient Industry Client IndustryHardwoodSoftwoodPlywood
17Design and perform tests of details of balances for accounts Learning Objective 3Design and perform tests ofdetails of balances for accountsreceivable for each balance-related audit objective.
18Designing Tests of Detail of Balances Aged trial balanceRecorded accounts receivable existExisting accounts receivable are includedAccounts receivable are accurateAccounts receivable are properly classified
19Designing Tests of Detail of Balances Cutoff for accounts receivable is correctAccounts receivable is stated at realizable valueThe client has rights to accounts receivableAccounts receivable presentationand disclosures are proper
20Obtain and evaluate accounts receivable confirmations. Learning Objective 4Obtain and evaluate accountsreceivable confirmations.
21AICPA Requirements 1. Accounts receivable are immaterial. 2. The auditor considers confirmationsineffective evidence because responserates will likely be inadequate or unreliable.3. The combined level of inherent risk andcontrol risk is low and other substantiveevidence can be accumulated to providesufficient evidence.
22Type of Confirmation Positive confirmation Blank confirmation form Invoice confirmationNegative confirmation
23Timing The most reliable evidence from confirmations is obtained when they are sent as close to the balancesheet date as possible, as opposedto confirming the accounts severalmonths before year-end.
24Sample Size Tolerable misstatement Inherent risk Control risk Achieved detection risk fromother substantive testsType of confirmation
25Selection of Items for Testing When selecting a sample of accounts receivablefor confirmation, the auditor should be carefulto avoid being influenced by the client.
26Selection of Items for Testing If a client tries to discourage the auditor fromsending confirmation to certain customers,the auditor should consider the possibilitythat the client is attempting to concealfictitious or known misstatements ofaccounts receivable.
27Subsequent Cash Receipts Evidence of the receipt of cash subsequentto the confirmation date includes examiningremittance advices, entries in the cash receiptsrecords, or perhaps even subsequent credits inthe accounts receivable master files.
28Duplicate Sales Invoices These are useful in verifyingthe actual issuance of a salesinvoice and the actual dateof the billing.
29Shipping Documents These are important in establishing whether the shipment was actuallymade and as a test of cutoff.
30Correspondence With the Client Usually, the auditor does not need to reviewcorrespondence as a part of alternativeprocedures, but correspondence canbe used to disclose disputed andquestionable receivables notuncovered by other means.
31Analysis of Difference Payment has already been madeGoods have not been receivedThe goods have been returnedClerical errors and disputed accounts
32Drawing Conclusions Reevaluate internal control. Evaluate the qualitative nature of misstatements.Determine whether sufficient evidence was obtained.
33Design audit procedures for the audit of accounts receivable, Learning Objective 5Design audit procedures for theaudit of accounts receivable,using an evidence planningworksheet as a guide.
34Source of Each Row in the Evidence Planning Worksheet TolerablemisstatementSubstantive testsof transactionsresultsAcceptableaudit riskPlanned detectionrisk and plannedaudit evidenceInherent riskControl risk