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Tugas Auditing II

Kelompok 3

Nama Kelompok:

Anisya Intaningtyas (1611070177)

Jhon M S (1611070167)
Yohansen (1611070196)
Raden Reyhan R (1611070161)

Case Study:

14-33 (Objective 14-4)

The Meyers Pharmaceutical Company, sebuah perusahaan obat, mempunyai daftar pengendalian
internal untuk penagihan dan pencatatan piutang sebagai berikut:
1. Pesanan pembelian pelanggan yang masuk diterima di bagian pesanan oleh petugas yang menyiapkan
formulir pesanan penjualan yang berisi nama pelanggan dan alamat pelanggan, nomor pelanggan,
jumlah, dan barang yang dipesan. Setelah formulir penjualan disiapkan, pesanan pembelian pelanggan
2. Formulir pesanan penjualan kemudian diteruskan ke departemen kredit untuk persetujuan kredit.
Estimasi dari nilai tagihan pesanan dibuat di departemen kredit untuk akun yang diberlakukan
pembatasan kredit. Setelah di cek, persetujuan kredit dicatat pada formulir penjualan.
3. Selanjutnya, formulir pesanan pelanggan diteruskan ke departemen penagihan, dimana petugas
menggunakan computer untuk menghasilkan faktur pelanggan yang secara otomatis mengalikan jumlah
barang dengan harga satuan dan menambahkan jumlah total faktur pelanggan. Petugas penagihan
menentukkan harga barang per unit dari daftar harga penagihan
Salinan faktur ditetapkan sebagai berikut.
(a) Salinan pelanggan.
(b) Salinan departemen penjualan, sebagai tujuan informasi.
(c) Salinan file
(d) Salinan departemen pengiriman, yang melayanan proses pengiriman barang. Bills of lading are also
prepared as carbon copy by-products of the invoicing procedure.
4. The shipping department copy of the invoice and the bills of lading are then sent to the shipping
department. After the order has been shipped, copies of the bill of lading are returned to the billing
department. The shipping department copy of the invoice is filed in the shipping department.
5. In the billing department, one copy of the bill of lading is attached to the customers copy of the
invoice and both are mailed to the customer. The other copy of the bill of lading, together with the sales
order form, is then attached to the invoice file copy and filed in invoice numerical order.
6. As the computer generates invoices, it also stores the transactions in an electronic file that is used to
update the accounting records daily. A summary report is generated and all journals and ledgers are
printed for a hardcopy of the records.
7. Periodically, an internal auditor traces a sample of sales orders all the way through the system to the
journals and ledgers, testing both the procedures and dollar amounts.

The procedures include comparing control totals with output, recalculating invoices and
refooting journals, and tracing totals to the master file and general ledger.
a. Flowchart the billing function as a means of understanding the system.
b. List the internal controls over sales for each of the six transaction-related audit objectives.
c. For each control, list a useful test of control to verify the effectiveness of the control.
d. For each transaction-related audit objective for sales, list appropriate substantive
tests of transactions audit procedures, considering internal controls.
e. Combine the audit procedures from parts c. and d. into an efficient audit program
for sales.


a. Flowchart the billing function:

14-33 (continued)

b. and c.

Transaction related Audit Internal Controls Test Of Control


Bill of lading and sales order Examine invoice package for

form are attached to invoice. presence of bill of lading and
1. Recorded sales occurred. Sales are initiated by sales order sales order form.
form from customer.

Examine sales order form for

Credit department investigates indication of credit approval.
customer credit and approves Review client's credit approval
sales before shipment of system for effectiveness.
merchandise is authorized.

2. Existing sales transactions Bill of lading and invoices are Account for numerical
are recorded. prenumbered (numerical sequences of bills of lading and
sequence is not accounted for) sales invoices and determine
and must be prepared before that all have been recorded.
merchandise is shipped.

3. Recorded sales are at the Control totals are prepared and Examine computer edit reports
correct amounts. checked by computer. (No for indication of errors and
verification of the sales price is disposition thereof.

4. Sales transactions are Sales transactions are Trace sales transactions to sales
properly included in the simultaneously recorded in journal.
accounts receivable master file sales, accounts receivable, cost
and are correctly summarized. of sales, and relieved from the
perpetual inventory.

None. Not applicable.

5. Recorded sales are properly

None. Not applicable.

6. Sales are recorded on the

correct dates.

14-33 (continued)


Transactionrelated Audit Objective

Substantive Test Of Transactions Audit


1. Recorded sales occurred. Select a sample of sales from sales journal and
examine customer's purchase order, sales order
form, and bill of lading to determine that the
goods were ordered and shipped.

2. Existing sales transactions are recorded. Perform analytical tests, including comparisons
of operating statistics to prior years and month to
month at year-end.

3. Recorded sales transactions are stated at the Compare sales prices to price lists. Examine
correct amounts. customer correspondence indicating pricing
disputes. Test clerical accuracy of a sample of
sales invoices.
4. Sales transactions are properly included in the Foot the sales journal and trace the balance to the
accounts receivable master file and are correctly general ledger.

5. Recorded sales are properly classified. Examine sales documents to determine that sales
transactions are properly classified.

6. Sales are recorded on the correct dates. Compare dates on bills of lading to the sales
journal to determine that sales are recorded on a
timely basis. Compare sales month to month and
investigate any significant fluctuations,
especially near year-end.

e. An audit program for conducting the audit of sales is as follows:

1. Obtain the sales journal for the year and perform the following procedures:

(a) Foot the journal for one month and reconcile to the general ledger balance.

(b) From the journal, select a sample of invoices and perform the following:

(1) See that the customer's purchase order, sales order form, and bill of lading are available. Compare
quantity, sales price, customer name, and date of shipment to sales journal. Obtain explanation of
any differences.

(2) Examine sales order form for indication of credit approved.

(3) Compare sales price to price list.

(4) Test clerical accuracy of sales invoices.

(5) Determine propriety of classification of sales transactions.

2. Select a sample of bill of lading numbers. Locate the corresponding bills of lading and trace them to
the sales journal to determine that the shipments were recorded. Compare the date per the bill of lading
to the date per the sales journal to determine the promptness of recording.

3. Examine customer correspondence during the year for disputes on pricing of invoices.

4. Prepare a schedule of sales, cost of sales, and gross margin percentage, showing comparison between
recent years and month to month. Obtain explanation of any significant fluctuations.