Matakuliah
Tahun
Versi
:A0274/Pengelolaan Fungsi Audit
Sistem Informasi
: 2005
: 1/1
Pertemuan 13
Audit Planning
1
Learning Outcomes
Pada akhir pertemuan ini, diharapkan mahasiswa
akan mampu :
• Mahasiswa dapat menunjukkan audit
planning.
2
Outline Materi
• Corporate Audit Planning, Scheduling and
Staffing
– Three-Year Operating Plan
• Auditable Units
– Risk Analysis
– Annual Budget and Plan
• Annual Department Budget
• Annual Audit Plan
– Six-Month Audit Plan
– Three-Month Audit Schedule
– Two-Month Staff Schedule
• Internal Controls
• Materiality
3
Corporate Audit Planning, Scheduling
and Staffing
• Planning is a very basic element of all
business activities. The Audit Department
is no exception.
4
Three-Year Operating Plan
• One of the responsibilities designated by
the Corporate Audit Charter is for the
Director of Auditing of the corporation to
establish a plan of audit.
• The three-year plan optimizes staffing
requirements and the cost effectiveness of
the Audit Department. The plan is based
on materiality and exposure to risk for
establishing priorities of the audit entities
and number of hours for the audits.
5
Auditable Units
• In order to develop an audit plan, a
company’s auditable unit must be
selected.
• A logical approach for each company must
be developed based on infrastructure,
resources, system specifics and corporate
strategies. In many cases, combinations
of audit types will result. Often, various
audit units at a specific location will be
combined to create a logical audit unit.
6
Risk Analysis
• Risk analysis, or assessment, has become
the preeminent method of guiding audits.
7
Annual Budget and Plan
• The company utilizes many budgets to operate
its various companies, divisions and so on.
Local budgets consolidate into corporate
budgets, production forecasts, capital
appropriations budgets and many other budgets.
• Departmental budgets and plans are the direct
responsibility of the Director of Auditing.
Departmental budgets and plans include the
annual departmental budget, the three-year
audit plan, annual audit plan and monthly staff
assignments.
8
Annual Department Budget
• The Audit Committee requests the annual
departmental budget each fiscal year.
9
Annual Audit Plan
• An annual audit plan is primarily
developed from the three-year plan and
becomes a determinant in preparing the
department budget. The annual audit plan
is principally a summary of the next two
applicable six-month periods of the threeyear plan. The annual plan is used to
support the manpower and travel expense
estimates used in the annual budget.
10
Six-Month Audit Plan
• Most audit departments prepare an annual
audit plan.
11
Three-Month Audit Schedule
• The six-month plan is used to develop the
department schedule for the next three
months. The schedules are required to be
in place at the beginning of each threemonth period.
12
Two-Month Staff Schedule
• For the purpose of providing as much
advance notice of pending audits as
possible, a Corporate Audit Staff Schedule
form is completed two months in advance
for distribution. The form is designed by
listing staff along the left side of the form
and days of the month across the top.
13
Internal Controls
• Evaluating internal controls is such a
significant part of Audit Planning.
14
Materiality
• A significant function of auditing is to
express an opinion regarding the fair
representation of financial statements and
the adequacy of the system of internal
controls or other audited areas.
• Research shows that the assessment of
materiality differs among individual
accountants and among public accounting
firms and that it varies with the size and
geographical location of the practice.
15
• In arriving oat these decisions, the auditor
should keep these matters in mind:
–
–
–
–
–
–
Relative size of the item.
Absolute size of the item.
The nature of disclosure.
Use to be made of the report.
Evidence of a desire to mislead.
Favorable or unfavorable effect of adjustment or
disclosure.
– Stability of income.
– Effect of future earnings.
16
• Materiality may determine not only the need for
exception or disclosure but also the extent of the
audit work necessary to sustain an informed
opinion.
• Inventories of a manufacturing company are of
greater relative importance that those of a
personal service organization, not only in size
and amount but also because of the greater
number of ways in which they may be improperly
handled, both physically and in the records.
17
• Where accounts receivable consist of
relatively few, but large, balances, the
percentage of accounts confirmed should
normally be much higher than if they
comprise a large number of small
balances, even though the total may be
the same.
• In summary, sound judgment is required in
determining what is or is not material.
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The End
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