3. GAMBARAN UMUM KANTOR AKUNTAN PUBLIK DAN KLIEN
3.1 Profil Kantor Akuntan Publik
3.1.3. Prosedur Audit Penjualan KAP AAJ
3.1.3. Prosedur Audit Penjualan KAP AAJ
Program audit mendasar atas penjualan yang dilakukan oleh KAP AAJ terbagi atas beberapa bagian, yaitu:
Tabel 3.1 Audit program revenue
No. Audit Procedure Assert Bill and Hold Sales
1. Determine whether there are any bill and hold sales at year end. Apply revenue A recognition criteria to these sales. Relate to trade debtors and inventory
procedures.
Deferred Revenue
2. a) Analyze and review deferred revenue accounts at year end for propriety of deferral.
b) Analyze and review revenue recognition for subscriptions, service contracts, membership fees and similar revenue. Determine need for deferred revenue at period end.
C, E, A
Unrecorded Transactions
3. Ask personnel responsible for or familiar with sales, receivables and receipts whether they are aware of:
a) Unrecorded, missing or overstated sales.
b) Unrecorded transactions or transactions with unusual terms. c) Any kickbacks or unusual rebates.
C, E, A
Consideration Given to a Customer
4. Ensure any cash consideration and sales incentives offered to direct or indirect A customers are accounted for as a reduction of revenue, unless an identifiable
benefit is received in exchange for the consideration and a fair value for the benefit received can be reasonably estimated.
Sales on Consignment
5. Discuss with a responsible official that no amounts are included for merchandise E sold on consignment.
Volume Rebates
6. Where volume rebate expense is material, obtain copies of volume rebate agreements with all major customers and verify that proper accruals have been recorded (vouch sales, thresholds and percentages to supporting documents).
C, E, A
Non-Monetary Transactions
7. Inquire of management and review documentation regarding the existence of A non-monetary transactions and assess the impact on the financial statements.
Related Party Transactions
8. Document related party transactions and ensure they are disclosed in the
financial statements. C, E, A, V
9. Ensure related party transactions are measured at the carrying or exchange A amount, as appropriate.
Tests of Transactions – Sales Completeness
10. Perform tests of transaction to verify completeness of sales: C a) Ensure the files from which the tests originate are complete (i.e. check serial
continuity).
b) From files of originating documents, select sample of - and trace to the related sales invoice for quantities and prices.
c) Compare sales invoice to entry in sale journal.
d) Trace total sales from sales journal for the selected period to the general ledger.
e) Ensure that the revenue recognition policy is being followed.
Tests of Transactions – Sales Existence and Accuracy
11. Perform tests of transaction to verify existence and accuracy of sales: E, A a) From the sales journal, select a sample of - sales invoices and compare to shipping memos and customer purchase order, and agree quantities and prices.
b) Verify discount taken with reference to terms given on sales invoice. c) Verify prices on sales invoices to standard price list, if any.
d) Verify mathematical accuracy of sales invoices. e) Verify details and method of sales tax charged.
f) Ensure sales recorded in a foreign currency have been translated at the appropriate rate (if applicable).
g) Ensure that the revenue recognition policy is being followed.
Tests of Transactions - Credit Note Existence and Accuracy
12. If credit notes issued during the year are material, E, A a) From the credit notes journal (or sales journal), select specific credit note
numbers and compare entry in credit notes journal to credit note. b) Verify mathematical accuracy of credit notes.
c) Compare credit note to original invoice (re: prices and quantities) and to receiving evidence where applicable.
Tests of Transactions - Credit Notes Completeness
13. If credit notes issued during the year are material, C, A Select a sample of - credit notes from files of originating documents and
perform the following:
a) Agree the credit notes to sales journal. b) Verify mathematical accuracy of credit notes. c) Ensure the credit notes were approved/authorized.
d) Agree selected sales invoices and credit notes to accounts receivable ledger. e) Agree quantity of goods shipped or returned to perpetual inventory records.
Sales Cut-Off (Overstatement of Income)
14. Perform sales cut off procedures to ensure that all sales have been accurately A recorded.
a) Examine sales journal for a specific period - immediately before year end and select a sample of - sales invoices.
b) For all selected sales invoices, ensure goods were shipped before year end by comparing sales invoice date per sales journal to shipment date per shipping evidence.
c) Ensure proper cut off of drop shipments.
d) Ensure that the revenue recognition policy is being followed.
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comparing sales invoice date per sales journal to shipment date per shipping evidence.
c) Ensure proper cut off of drop shipments.
d) Ensure that the revenue recognition policy is being followed.
Credit Note Cut-Off
16. If credit notes issued after year end are material, E, A Perform credit note cut off procedures to ensure that all credit notes are reflected
in the proper period:
a) Examine credit notes journal (or sales journal) after year end until the end of field work and select a sample of - credit notes.
b) Compare credit note to related sales invoice (and receiving report if applicable).
E, A
Tests of Transactions - Cash Receipts Existence
17. a) From the cash receipts journal, select a sample of - cash receipts and E compare to:
i) Customers’ remittance voucher.
ii) Duplicate deposit slip.
b) Compare duplicate deposit slip selected above to bank statement.
Test of Transactions - Cash Receipts Completeness
18. To ensure that cash received is accurately recorded in the general ledger, C perform the following:
a) Agree a sample of - mail room receipts to deposit slips. b) Agree the deposit slips to the accounts receivable ledger. c) Agree the deposit slips to the cash receipts journal. d) For selected period (i.e., month):
i) Add cash receipts journal.
ii) Agree cash receipts journal to general ledger.
e) Scan cash receipts journal during the period for large and unusual items and ascertain propriety of such items.
Alternate Audit Strategy
19. If using the alternate audit strategy for low risk income accounts, document how the criteria for the alternate strategy are met. ○i
Keterangan :
Sumber: Audit program complete RSMi 2010
C : Completeness E : Existence A : Accuracy V : Valuation
3.2. Profil Perusahaan yang Diaudit (Klien)