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
Receivables
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
Neraca
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
allowances
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

Monitoring



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”
Lapping
Window dressing
Types of Evidence
1.
2.
3.
4.
5.
6.
7.
Inquires of the Client
Observation
Analytical Procedures
Documentation
Reperformance
Confirmation
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
 Occurrence
 Completeness
 Accuracy
 Cut off
 Classification

Balance Objectives




Existence
Completeness
Rights and obligations
Valuation and Allocation
(Boynton Modern Auditing 8ed p 631)
Audit Objectives of Cash

Disclosure Objectives
 Occurrence and Right and Obligation
 Completeness
 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
Uncollectibles


Direct Write Off Method
Allowance Method
 Percentage of Sales (Income Statement)
Approach
 Percentage of Receivables (Balance Sheet)
Approach
 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 !
 Condition
 Criteria
 Causes
 Effects
 Recommendation