Matakuliah : F0184/Audit atas Kecurangan
Tahun
: 2007
Corporate Fraud Risk Assesment
Pertemuan XXI
Learning Outcomes
• Mahasiswa diharapkan dapat melakukan analisa resiko
terjadinya kecurangan dalam aktivitas perusahaan
• Mahasiswa diharapkan mampu mengetahui modus
perusahaan dalam melakukan kecurangan laporan
keuangan
3
Bina Nusantara
Outline Materi
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Auditor Responsibility
Type of Corporate Fraud
The Risk of Fraud
Fraud Risk Detection and Enforcement
Risk Management Checklist
4
Bina Nusantara
Audit Standard for Fraud
SAS No. 99 that issued in 2002 is describe the auditor
responsibilities related with the fraud in the company.
The auditor should consider the risk that the financial
statements are materially misstated due either
unintentional error or fraud. Accordingly, the auditor must
specifically consider factors that bear on the likelihood of
fraud.
Bina Nusantara
Steps to follow
• Asses the risk of material misstatement of the financial
statements due to fraud and consider that assessment
in designing audit procedures
• Inquire of management about its understanding of the
risk of fraud and its knowledge of fraud perpetrated on
or within the organization
• Plan and perform the audit to achieve reasonable
assurance of detecting material misstatement of the
financial statements due to fraud
Bina Nusantara
Steps to follow (Con’t)
• Consider whether misstatement detected during the
audit are the result of fraud and, if so, evaluate the
implications and communicate the matter to appropriate
personnel
• Document the facts that evidence the auditor’s
assessment of the risk of fraud and the auditor’s
response to the risk identified
Bina Nusantara
Type of Financial Statements Fraud
Fraudulent
financial
reporting
Misappropriation
of assets
Bina Nusantara
The Risk of Fraud
Bina Nusantara
Industries
Companies
Occupations
Individuals
Industries
High Risk Industries are noted for intense rivalry, low
profits, and unethical business practices.
Bina Nusantara
Companies
High risk companies are noted for poor management, loose
cash, and loose business morality
Bina Nusantara
Occupations
High risk occupations provide easy access to cash and
accounting records, and are often characterized by low
pay, long hours, and job related stress
Bina Nusantara
Individuals
High risk individuals are financially overburdened people
with low self esteem and addictive personalities.
Bina Nusantara