Jumat, 28 Juni 2013

Audit Report- Imash n Friends


AUDIT REPORT PAPER
PT TELKOM Tbk





IMAS RAHAYU CHANDRA (36110005)
NURUL HUDA (36110007)
ELISA WENTARI (36110010)
SALTIAH (36110018)


ACCOUNTING DEPARTMENT
STATE POLYTECHNIC OF UJUNG PANDANG
2013
A.    DEFENITION OF AUDIT
Whittington and Panny (2001:5) said that, “auditing is an examination of a company’s financial statements by a firm of independent public accountants. The audit consists of a searching investigation of the accounting records and other evidence supporting those financial statements. By obtaining an understanding of the company’s internal control, and by inspecting documents, observating of assets, making inquires within and outside the company, and performing other auditing procedures, the auditors will gather the evidence necessary to determine whether the financial statements provide a fair and reasonably complete picture of the company’s financial position and its activities during the period being audited”.
According to Sokrisno Agoes (2004:3), “audit is an critical and sistematic examination, by independent person, to the financial statement have been arrange by management, along with accounting record and supporting evidence, and the purpose to give the opinion about reliable of this financial statements.
B.     PURPOSE OF AUDIT
a.       Completeness, to ensure the all of the transaction are recorded in journal actually.
b.      Accurancy, to enactive the transaction and the account are recorded as real amount, real calculation, classified, and accurate.
c.       Existence, to ensure that all of the right and the liability have existence by the date, so the recorded transaction actually happend and not fictif.
d.      Valuation, to ensure that general accepted of accounting priciple have applied rightly.
e.       Classification, to ensure that the transaction in journal are classified rightly. If related to balance, so the entered amount have classified rightly.
f.       Cut-Off, to ensure that the transaction that near with balance that recorded on accounting period. Possible wrong transaction is a transaction are recorded resemble to the end of the period
g.      Disclosure, to ensure that account balance and disclosure rules have qualified explain in financial statement and explain clearly in footnote of the report.
C.     TYPES OF AUDIT
a.       General audit is a general examination from financial statement do it by independent public accountant with the deals to give the opinion about the reliability for all of the financial statements.
b.      Special audit is a limited examination do it by independent public accountant, and the end of examination do not must give opinion about the reliability generally.
c.       Management audit is an exammination about operation activity of the company, include the accounting policy and operational policy that have decided by management, to know that the operation activity have do effectively, effisien, and economyicly.
d.      Compliance audit is an examination by internal auditor of the company, due to financial statement and company’s accounting notes, or the obedience of management policy that have decided.
e.       Internal audit, is an audit do it by company internal auditors, due to financial statements and company accounting report, or obedience to the company policy that have been decided.
f.       Computer audit is an examination by independent public accountant to the company that prosessed accounting data by using electronic data processing system.
D.    AUDIT PROCEDURES
a.       Recording accounting system, the first step in audit procedure is decide and ensure the system use to record the transaction.
b.      Preliminary evaluation.
c.       Compliance tests, such as checking transaction as an obedience proof.
d.      Match the financial statements as the principle basis of recording transaction, at the end of period, very importance to checking the account in financial statement suitable to basic recorded use.
e.       Substantive tests, design to support or correct the balance and transaction in financial statement.
f.       Comprehensive analysis
g.      Detailed tests.
h.      Ensure compliance organization account code.
i.        Ensure compliance with accounting standards.
j.        Truth and honesty tests
k.      Analytical tests
l.        Audit events after the balance sheet date
m.    Management report tests
n.      Representation letter
o.      Partner or auditor review the audit work that has been done
E.     TYPES OF AUDIT’S OPINION
a.       Unqualified opinion, the financial statement serve qualifiedly, in all of material matter, financial position, work result, equity exchange, and the cash flow of an entity according to general accepetd of accounting principle in Indonesia.
b.      Unqualifeid opinion with explanatory language is an opinion that give by auditor if there are specific events that require auditor to add expalantion paragraph in audit report eventhough did not influence an unqualified opinion.
c.       Qualified opinion, the auditor sure about their audit basic, that in financial statement there are diverge about general accepted of accounting principle, have material impact.
d.      Adverse opinion, the financial statement didn’t serve by relieable about the financial position, equity exchange and the general accepted of accounting principle in Indonesia.
e.       Desclaimer opinion, is there are no opinion for auditor.  

F.      AUDIT REPORT OF PT TELKOM Tbk
The auditor have audited the financial statement of PT Telkom Tbk for year 2011 and they said that this financial statement was fair and free from errors of the report. So the auditor explain that PT Telkom Tbk have unqualified opinion in their financial statement. This opinion give impact for many side that have relation to the company, such as:
a.       Company : Can improve company’s performance
b.      Investor : Improve the trusted of the investor and attractive the other investor
c.       Creditor : More trusted and interest to give the debt
d.      Customer : Improve the customer’s trusted
e.       Government : Give an actual information abaout tax









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