Name : Amelia Zulaikha Pratiwi

NIU/Class : 468610/ MAK43 – Matrikulasi Kelas B

Topic : Ch.6 Audit Responsibilities and Objectives
Ch.7 Audit Evidence
Ch.8 Audit Planning and Analytical Procedures

Source : Arens, Elder and Beasley, Auditing and Assurance Services: An Integrated
Approach, Prentice Hall, 13th Edition, 2010

1. Problem 6-26
The following are specific transaction-related audit objectives applied to the audit of cash
disbursement transactions (a through f), management assertions about classes of
transactions (1 through 5), and general transaction-related audit objectives (6 through 11).

Specific Transaction-Related Audit Objective

a. Recorded cash disbursement transactions are for the amount of goods or services received
and are correctly recorded.
b. Cash disbursement transactions are properly included in the accounts payable master file
and are correctly summarized
c. Recorded cash disbursements are for goods and services actually received
d. Cash disbursement ransactions are properly classified
e. Existing cash disbursement transactions are recorded
f. Cash disbursement transactions are recorded on the correct dates.

Management assertion about classes of transactions

1. Occurrence
2. Completeness
3. Accuracy
4. Classification
5. Cutoff

General transaction-related audit objective

6. Occurrence
7. Completeness
8. Accuracy
9. Posting and summarization
10. Classification
11. Timing

Questions :

a. Explain the differences among management assertions about classes of transactions

and events, general transaction-related audit objectives, and specific transaction-
related audit objectives and their relationships to each other.

Asersi manajemen menyajikan pernyataan manajemen terkait kelas transaksi dan

akun-akun yang terkait dengan transaksi tersebut dalam laporan keuangan.
Sementara tujuan audit untuk transaksi secara umum pada dasarnya memiliki
pengertian yang sama dengan asersi manajemen atas transaksi, namun lebih
ditekankan untuk membantu auditor memutuskan bukti audit yang diperlukan untuk
memenuhi asersi manajemen.Tujuan audit untuk transaksi secara khusus adalah
 untuk menerapkan tujuan umum pada setiap jenis transaksi yang material yang
terdapat dalam audit. Hubungan antara asersi manajemen dan tujuan audit atas
transaksi dapat digambarkan sebagai berikut :

Transaction-related audit objectives Management assertion about classes of

transactions
Occurrence Occurrence
Completeness Completeness
Accuracy Accuracy
Posting and summarization
Classification Classification
Timing Cutoff

b. For each specific transaction-related audit objective, identify the appropriate

management assertion
c. For each specific transaction-related audit objective, identify the appropriate general
transaction-related-audit objective.

Specific Transaction- Management Assertion General Transactio-

Related Audit Objective (b) Related-Audit Objective
(c)
a. Recorded cash Accuracy Accuracy
disbursement
transactions are for the
amount of goods or
services received and
are correctly recorded.

b. Cash disbursement Accuracy Posting and

transactions are summarization
properly included in the
accounts payable
master file and are
correctly summarized

c. Recorded cash Occurrence Occurrence

disbursements are for
goods and services
actually received

d. Cash disbursement Classification Classification

ransactions are
properly classified
e. Existing cash Completeness ompleteness
disbursement
transactions are
recorded
f. Cash disbursement Cutoff Timing
transactions are
recorded on the correct
dates.
2. Problem 7-30
List two exaples of audit evidence the auditor can use in support of each of the following :

Information
Recorded amount entries in the
acquisition journal
Physical existence of inventory
Accuracy of account receivable
Ownership of fixed asset
Liability for accounts payable
Obsolescence of inventory
Existence of petty cash
Evidences
1. Invoice from vendor
2. Vendor confirmation
1. Inventory stock opname
2. Confirmation to warehouse keeper
1. Customer confirmation
2. Check cash receipt journal or
delivery order transaction
1. Examine legal document of
ownership
2. Check invoice from vendor
1. Vendor confirmation
2. Examine invoice from vendor
1. Inventory stock opname / physical
examination
2. Compare the value of inventory
through sales invoice to convince
whether any mark down price or not
1. Cash opname
2. Cash reconciliation document
3. Confirmation to cash custodian

3. Problem 8-28
For each procedure, indicate which of the first four parts of audit planning the procedure
primarily relates to :
1. Accept client and perform initial audit planning
2. Understand the client’s business and industry
3. Assess client business risk
4. Perform preliminary analitycal procedures

Audit Activities Related Planning Procedure

1. Send an engagement letter to the (1) Accept client and perform initial audit
client. planning
2. Tour the client’s plant and offices. (2) Understand the client’s business and
industry

3. Compare key ratios for the (4) Perform preliminary analytical

company to industry competitors.
4. Review management’s controls
and procedures.
5. Identify potential related parties
that may require disclosure.
procedures
(3) Assess client’s business risk
(2) Understand the client’s business and
industry
6. Identify whether any specialists (1) Accept client and perform initial audit
are required for the engagement. planning

7. Review the accounting principles (2) Understand the client’s business and
unique to the client’s industry. industry.
8. Determine the likely users of the (1) Accept client and perform initial audit
financial statements. planning.