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NASKAH UJIAN CHARTERED ACCOUNTANT (CA) TAHUN 2015

ETIKA PROFESI & TATA KELOLA KORPORAT

PILIHAN GANDA

1. Berikut adalah pilar utama dalam corporate governance:


I. Fairness (Keadilan)
II. Neutrality (Netralitas)
III. Transparency (Transparansi)
IV. Timeliness (Ketepatan Waktu)
A. I dan II benar
B. I dan III benar
C. II dan III benar
D. Semua benar

2. Berikut adalah pernyataan yang benar terkait dengan sistem satu dewan (single board
system):
I. Perusahaan hanya mempunyai satu Dewan yaitu Dewan Direktur (Board of
Directors)
II. Anggota Dewan Direktur merupakan kombinasi antara senior eksekutif (Direktur
Eksekutif) dan Direktur Non-eksekutif yang bekerja dengan paruh waktu
III. Tidak dimungkinkan adanya duality antara chairman dan CEO
IV. Anggota Dewan Direktur diangkat dan setiap waktu dapat diganti oleh badan
pengawas (Dewan Komisaris)
A. Pernyataan I dan II
B. Pernyataan II dan III
C. Pernyataan I dan III
D. Pernyataan III dan IV

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3. Siapa yang menyusun kode etik formal dalam stuktur suatu organisasi profesi?
A. Dewan Direksi
B. Komisaris Utama
C. Pendiri perusahaan
D. Komite etik

4. Pernyataan yang paling benar tentang kelemahan atau kekurangan norma hukum
dibandingkan dengan norma moral di bawah ini adalah:
A. Tumbuhnya sikap formalism atau legalisme
B. Tingkat keberlakuannya bersifat pasti
C. Sanksi yang diberikan jelas
D. Penerapannya bersifat subjektif

5. Secara umum kode etik mengarahkan perilaku profesi untuk memiliki karakter berikut,
kecuali:
A. Bertanggung jawab dan bersikap adil
B. Bersikap objektif dan independen
C. Fleksibel, dan dinamis, serta mudah berubah
D. Berintegritas moral dan kompeten

6. Pernyataan mana yang paling tepat memuat prinsip objektivitas?


A. Tidak mudah terpengaruh oleh rayuan dari pihak manapun termasuk pihak klien
B. Memberikan masukan kepada klien agar memperbaiki data selanjutnya
C. Memberikan pendapat tentang hasil audit berdasarkan data/ fakta yang
sebenarnya
D. Berpegang teguh pada prinsip-prinsip formal akuntan dan kode etik secara
umum

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NASKAH UJIAN CHARTERED ACCOUNTANT (CA) TAHUN 2015
ETIKA PROFESI & TATA KELOLA KORPORAT

7. Pernyataan yang paling benar dari empat pernyataan berikut mengenai tanggung jawab
utama seorang auditor adalah:
A. Seorang auditor melayani kepentingan klien
B. Seorang auditor memenuhi kepentingan sendiri
C. Seorang auditor melayani kepentingan publik
D. Seorang auditor memperjuangkan kepentingan kantor akuntan

8. Salah satu prinsip dalam corporate governance adalah hak-hak mendasar bagi
pemegang saham (basic rights of shareholders).
Pernyataan berikut ini adalah benar terkait dengan prinsip tersebut adalah:
A. Semua pemegang saham berhak mengajukan agenda dalam Rapat Umum
Pemegang Saham
B. Setiap pemegang saham berhak memperoleh semua informasi yang ada
mengenai perusahaan
C. Pemegang saham, anggota Dewan Komisaris, maupun anggota Direksi tidak
boleh terlibat dalam insider trading atau self dealing yang bertujuan untuk
mendapatkan keuntungan pribadi
D. Pemegang saham berhak atas bagian distribusi keuntungan perusahaan sebesar
proporsi investasinya, melalui dividen atau distribusi lainnya

9. Manakah pernyataan yang paling tepat?


A. Terdapat batasan masa pemberian jasa audit, yaitu untuk KAP paling lama untuk
5 (lima) tahun buku berturut-turut
B. Terdapat batasan masa pemberian jasa audit, yaitu untuk Akuntan Publik paling
lama untuk 3 (tiga) tahun buku berturut-turut
C. KAP dan AP dapat menerima kembali penugasan audit umum setelah klien
berganti KAP dan AP minimal 2 (dua) kali
D. KAP dan AP dapat menerima kembali penugasan audit umum untuk klien
tersebut setelah 2 (dua) tahun tidak memberikan jasa audit umum untuk klien
tersebut

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10. Ada empat larangan yang harus dijauhi oleh kantor akuntan publik, kecuali:
A. Memberikan jasa kepada suatu pihak apabila kantor akuntan publik tidak dapat
bertindak independen
B. Memberikan jasa audit umum atas laporan keuangan untuk klien yang sama
berturut-turut untuk kurun waktu lebih dari lima tahun
C. Tidak mempunyai staf atau tenaga auditor yang profesional dan memiliki
pengalaman yang cukup
D. Memberikan jasa yang tidak berkaitan dengan akuntansi, keuangan dan
manajemen

11. Dalam praktik melaksanakan konsultasi akuntansi dengan kliennya, seorang Akuntan
Profesional yang membuka Kantor Jasa Akuntansi (KJA) menemui kasus yang spesifik
dan memerlukan pemikiran.
Untuk itu, maka yang harus dilakukan untuk menyelesaikan masalah tersebut:
A. Dia cukup hanya menggantungkan kepada pengetahuan sendiri
B. Cukup dengan kemampuan yang dimiliki oleh stafnya
C. Ia dapat mengatasi dengan memilih perlakuan akuntansi tertentu, meski kurang
tepat, karena dengan keyakinan klien tidak akan mengetahuinya
D. Dia harus selalu berupaya untuk mengatasi masalah yang ditemui dengan
menambah pengetahuan sehingga kompetensinya selalu diperbarui

12. Iwan (seorang ketua tim) dijadwalkan untuk melakukan penilaian kinerja terhadap Lisa
(seorang anggota tim). Lisa adalah teman dekat istri Iwan.
Godaan etika yang dihadapi Iwan adalah:
A. Pelecehan seksual
B. Penyalahgunaan sumber daya perusahaan
C. Berhadapan dengan informasi rahasia
D. Konflik kepentingan

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13. Suatu contoh mekanisme tata kelola internal adalah:


A. Aktivitas pemegang saham
B. Usulan pemegang saham
C. Komite audit
D. Peraturan pemerintah

14. Di beberapa negara dengan kepemilikan terkonsentrasi:


A. Konflik kepentingan antara pemegang saham dan manager lebih buruk daripada
di negara dengan kepemilikan perusahaan tersebar
B. Konflik kepentingan adalah lebih besar antara pemegang saham pengendali
besar dengan pemegang saham kecil dibandingkan antara manager dengan
pemegang saham
C. Konflik kepentingan lebih besar antara manager dengan pemegang saham
dibandingkan antara pemegang saham pengendali besar dengan pemegang
saham kecil
D. Konflik kepentingan di negara dengan kepemilikan perusahaan tersebar lebih
buruk daripada antara pemegang saham dan manager

15. Pernyataan paling benar yang memuat nilai etis utama profesionalitas akuntan adalah:
A. Seorang akuntan memperjuangkan hak-hak bagi kliennya dalam situasi apapun
B. Seorang akuntan mengandalkan pengetahuan dan keterampilan yang memadai
C. Seorang akuntan memiliki komitmen pada kebaikan dan kepercayaan bagi
masyarakat
D. Seorang akuntan menyediakan jasa untuk pembuatan laporan keuangan bagi
klien tertentu

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NASKAH UJIAN CHARTERED ACCOUNTANT (CA) TAHUN 2015
ETIKA PROFESI & TATA KELOLA KORPORAT

16. Kode etik profesi diperlukan untuk tujuan-tujuan berikut ini, kecuali:
A. Melindungi kaum profesional dari amukan masyarakat
B. Menjaga profesi dari penyalahgunaan kaum profesional
C. Menjamin terwujudnya pelayanan maksimal bagi masyarakat
D. Mempertahankan kepentingan utama kaum profesional

17. Teori etika manakah di bawah ini yang inti ajarannya adalah memaksimalkan
keuntungan bagi para pemangku kepentingan dalam kegiatan bisnis?
A. Eudaimonisme
B. Utilitarianisme
C. Deontologi
D. Hedonisme

18. Sebagai seorang yang bersertifikat CA, dalam salah satu perannya, ia harus menegakkan
etika profesi. Namun dalam kenyataannya orang harus mencari pekerjaan. Sebaliknya,
sebuah perusahaan akan lebih mementingkan pencapaian profit daripada harus
mengikuti etika bisnis yang memaksa perusahaan memperhatikan lingkungan bisnis
secara komprehensif. Andaikan seorang CA tersebut mencari pekerjaan:
A. Maka sebaiknya ia menolak pekerjaan tersebut sampai menemukan tempat
kerja yang memungkinkan ia menegakkan etika profesi
B. Menerima pekerjaan tersebut sambil berupaya mengingatkan manajemen
perusahaan apabila mempunyai kesempatan melakukannya
C. Tetap menerima pekerjaan tersebut dengan keyakinan bahwa penegakkan etika
bisnis adalah tanggung jawab manajemen puncak perusahaan
D. Melaporkan kegiatan tersebut kepada yang berwajib

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19. Ada tiga bidang pekerjaan yang pada awalnya diakui sebagai profesi. Bidang manakah
itu?
A. Bidang kesehatan, bidang keagamaan, dan bidang kemiliteran
B. Bidang kesehatan, bidang keagamaan, dan bidang hukum
C. Bidang kesehatan, bidang keagamaan, dan bidang keuangan
D. Bidang medis, bidang keagamaan, dan bidang politik

20. Apabila seseorang melaporkan kecurangan yang dilakukan oleh seorang karyawan atau
oleh institusi baik ke dalam maupun keluar. Tindakan ini disebut apa?
A. Integritas moral
B. Otonomi moral
C. Whistle blowing
D. Heteronomi moral

21. Cakupan tugas, tanggung jawab dan wewenang komite audit dalam membantu dewan
komisaris adalah di bawah ini, kecuali:
A. Mendorong terbentuknya struktur pengendalian internal yang memadai
B. Meningkatkan kualitas keterbukaan dan laporan keuangan
C. Mengkaji ruang lingkup dan ketepatan audit eksternal, kewajaran biaya audit
serta kemandirian dan objektivitas audit eksternal
D. Memberikan jasa audit atau non audit pada emiten atau perusahaan publik

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22. Pernyataan mana paling benar yang memuat tujuan akhir dari optimalisasi Sistem
Pengendalian Internal (SPI)?
A. Tercapainya sasaran rencana operasional yang telah ditentukan oleh manajemen
di awal tahun berjalan
B. Memaksimalkan pengawasan arus keuangan dalam perusahaan sehingga tidak
mengalami kerugian
C. Tercapainya good corporate governance sehingga organisasi memilki jaminan
atas ketercapaian visi dan misi serta tujuannya
D. Memperjuangkan hak-hak dan kewajiban pemangku kepentingan agar berjalan
dengan lancar sesuai dengan aturan yang berlaku

23. Pada saat praktisi akuntan harus membuka rahasia klien di pengadilan, karena adanya
ketentuan hukum yang berlaku, padahal ia sendiri tidak mempunyai bukti yang lengkap,
maka sebagai akuntan profesional ia akan bersikap:
A. Menjelaskan sifat rahasia tersebut termasuk kondisi yang sebenarnya
B. Menyatakan tidak tahu, karena ia tidak akan bisa menjelaskan dan menyertakan
bukti-bukti yang relevan
C. Tetap bersikukuh untuk menjaga kerahasiaan informasi, sesuai dengan Kode Etik
Profesi Akuntan Publik, seksi 140.3 dan 140.8 ayat b
D. Meminta persetujuan klien untuk membuka informasi yang dia ketahui

24. Manakah yang termasuk pengungkapan sukarela bagi perusahaan publik?


A. Struktur audit internal
B. Jumlah karyawan
C. Remunerasi tiap anggota Direksi dan Dewan Komisaris
D. Frekuensi rapat komite audit

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25. Perusahaan publik diwajibkan untuk memiliki website. Manakah dari berikut yang paling
tepat terkait apa yang harus dicantumkan dalam website tersebut?
A. Laporan tahunan a
B. Laporan tahunan dan struktur organisasi
C. Laporan tahunan serta visi dan misi perusahaan
D. Laporan tahunan, piagam komite audit, dan piagam internal audit

26. Dalam ASEAN CG Scorecard, manakah yang tidak termasuk termasuk penilaian untuk
peranan auditor eksternal yang termasuk ke dalam penilaian pengungkapan dan
transparansi?
A. Pengungkapan audit fee
B. Pengungkapan non audit fee
C. Apakah nilai audit fee di atas atau di bawah non-audit fee
D. Apakah auditor eksternal adalah auditor spesialisasi industry

27. Manakah dari penerapan prinsip perlakuan setara terhadap pemegang saham yang
tidak diatur secara eksplisit dalam UU No.40 Tahun 2007 tentang Perseroan Terbatas:
A. Kewajiban untuk memperoleh persetujuan RUPS pemegang saham independen
atas transaksi pihak berelasi
B. Hak pemegang saham melakukan tuntutan hukum atas tindakan manajemen
dan/atau pemegang saham pengendali yang merugikan
C. Hak pemegang saham non-pengendali untuk meminta Perseroan membeli
saham yang dimilikinya
D. Hak pemegang saham untuk mengajukan pemeriksaan terhadap Perseroan

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28. Berikut ini adalah salah satu bentuk perlindungan yang bersifat ex-post terhadap
kemungkinan perdagangan oleh orang dalam (insider trading):
A. Kewajiban emiten atau perusahaan publik menyampaikan kepada OJK dan
mengumumkan kepada masyarakat, secepat-cepatnya, paling lambat hari kerja
ke-2, setelah diperoleh keputusan atau informasi atau fakta material yang dapat
mempengaruhi nilai efek perusahaan atau keputusan investasi pemodal
B. Kewajiban bagi Direktur atau Komisaris emiten atau perusahaan publik
melaporkan kepada OJK atas kepemilikan dan setiap perubahan kepemilikannya
atas saham perusahaan tersebut selambat-lambatnya dalam waktu 10 (sepuluh)
hari sejak terjanjinya transaksi
C. Hak Pihak yang menderita kerugian sebagai akibat dari pelanggaran atas
ketentuan di pasar modal untuk menuntut ganti rugi kepada Pihak yang
bertanggung jawab atas pelanggaran tersebut
D. Perusahaan tidak diperbolehkan memberikan infomasi yang tidak tidak
diungkapkan kepada pemegang saham lainnya

29. Agency theory merupakan salah satu teori yang sangat berperan dalam menjelaskan
mengenai corporate governance. Agency theory mengasumsikan bahwa:
A. Manajer akan bertindak secara oportunistik dengan mengambil keuntungan
pribadi sebelum memenuhi kepentingan pemegang saham
B. Manajer adalah pelayan perusahaan yang baik dan rajin bekerja untuk mencapai
tingkat laba dan tingkat pengembalian modal yang tinggi bagi pemegang saham
C. Perusahaan merupakan suatu sistem dari jaringan stakeholders yang beroperasi
di dalam sistem yang lebih besar dalam suatu sistem masyarakat yang
menyediakan infrastruktur pasar dan hukum bagi aktivitas perusahaan
D. Alokasi kekuasaan dalam perusahaan, privilage, atau alokasi laba di antara
pemilik, manajer dan stakeholders lainnya ditentukan oleh pertimbangan-
pertimbangan politis atau ditentukan berdasarkan mekanisme politik

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30. Kata “etika” merupakan turunan dari kata “ethos” yang berasal dari bahasa Yunani. Arti
dari “ethos” adalah:
A. Teori kehidupan
B. Karakter moral
C. Nilai-nilai kehidupan
D. Semangat kerja

31. Sistem norma, nilai dan aturan profesional yang tertulis secara tegas menyatakan benar
dan baik serta yang tidak benar dan salah bagi kaum profesional. Kalimat ini merupakan
definisi dari apa?
A. Filosofi dasar profesi
B. Standar profesi
C. Kode etik profesi
D. Pedoman kerja profesi

32. Pengertian etika sering dihubungkan dengan hal-hal berikut, kecuali:


A. Nilai dan norma yang menjadi pegangan seseorang atau kelompok masyarakat
B. Kumpulan asas atau nilai moral yang sering disebut kode etik
C. Ilmu tentang apa yang baik dan yang buruk atau filsafat moral
D. Tata tertib yang berlaku dalam satu profesi tertentu

33. Seorang akuntan harus mampu mengambil keputusan sendiri berdasarkan


pertimbangan etis. Sikap ini merupakan ungkapan dari apa?
A. Otonomi moral
B. Heteronomi moral
C. Kegigihan moral
D. Relativitas moral

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65. Setiap kaum profesional, termasuk akuntan, memiliki kewajiban untuk jujur, adil dan
berkata benar, terlepas dari maksud atau tujuan serta syarat-syarat pemenuhannya.
Dalam teori deontologi, pernyataan di atas disebut apa?
A. Imperatif hipotetis
B. Eudaimonisme
C. Imperatif kategoris
D. Hedonisme

66. Pernyataan mana yang memuat inti pandangan etika deontologi?


A. Semua hal dilakukan demi kebaikan diri sendiri dan orang lain serta nilai religius
B. Semua yang dilakukan bagi orang lain dengan tujuan kepentingan diri sendiri
semata
C. Semua kebaikan dilakukan karena didasari oleh motivasi baik demi orang lain
D. Semua perbuatan pribadi didasari dengan keyakinan dan motivasi keagamaan

67. Pernyataan mana yang paling benar memuat ciri tingkat pasca konvensional menurut
pandangan Lawrence Kohlberg tentang tahapan perkembangan moral?
A. Mengutamakan akibat perbuatan berupa ganjaran, hukuman dan motif-motif
lahiriah secara tegas
B. Mengutamakan kepentingan komunitas demi memenuhi harapan bersama
kaum profesional
C. Menempatkan prinsip-prinsip moral universal dan sikap batin sebagai nilai-nilai
utama dalam menjalankan pekerjaan
D. Mengutamakan kepercayaan pada agama sebagai dasar bertindak moral dalam
relasi dengan sesamanya

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68. Menurut Milton Rokeach, yang termasuk dalam nilai-nilai utama perilaku pribadi dalam
organisasi di bawah ini, kecuali:
A. Kenyamanan hidup yang terjamin
B. Harmoni di dalam diri sendiri
C. Penghargaan terhadap diri sendiri
D. Bertanggung jawab pada orang lain

69. Penjabaran prinsip perilaku profesional adalah:


A. Selalu meningkatkan kompetensi dan ketrampilan profesional
B. Mematuhi setiap ketentuan hukum dan peraturan yang berlaku, serta
menghindari setiap tindakan yang dapat merusak nama baik profesi
C. Memberikan layanan profesional dengan pertimbangan yang cermat dalam
menerapkan pengetahuan dan ketrampilan profesional
D. Cermat dalam bekerja yang mencakup tanggung jawab untuk bertindak sesuai
dengan tuntutan tugas secara berhati-hati, menyeluruh, lengkap dan tepat
waktu.

70. Bertanggung jawab atas pelaporan keuangan organisasi pemberi kerja di mana mantan
atasan yang dulu banyak membantu pengembangan karir bekerja pada organisasi
tersebut dan membuat keputusan yang mempengaruhi laporan keuangan organisasi
merupakan ancaman:
A. Ancaman kepentingan pribadi
B. Ancaman kedekatan
C. Ancaman advokasi
D. Tidak merupakan ancaman

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71. Bertanggung jawab atas pelaporan keuangan organisasi perusahaan yang dimiliki oleh
keluarga merupakan ancaman:
A. Ancaman kepentingan pribadi
B. Ancaman kedekatan
C. Ancaman advokasi
D. Tidak merupakan ancaman

72. Altruisme merupakan ciri utama dari profesi akuntan. Altruisme sesuai dengan teori
etika:
A. Egoisme
B. Utilitarianisme
C. Teori Keadilan (justice dan fairness)
D. Teori Keutamaan atau kebajikan (virtue ethics)

73. Kantor Jasa Akuntansi (KJA) mendapat tawaran pekerjaan dari salah satu perusahaan
besar yang jika diterima akan meningkatkan reputasi KJA. Sayangnya waktu pelaksanaan
pekerjaan tersebut sangat terbatas sehingga sulit untuk dikerjakan. Tawaran tersebut
merupakan ancaman terhadap prinsip:
A. Integritas
B. Objektivitas
C. Memiliki kompetensi dan kehati-hatian profesional
D. Perilaku profesional

74. Hal yang termasuk dalam independensi dalam penampilan adalah:


A. Memiliki kantor mewah di gedung perkantoran di pusat kota
B. Jumlah klien terbatas dan selektif
C. Memiliki portfolio klien yang memadai
D. Jawaban di atas tidak ada yang benar

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75. Sebuah organisasi dapat menciptakan suatu iklim etika yang efektif melalui pendekatan
organisasi yang berintegritas (principles based), yaitu melalui:
A. Mengembangkan standar dan prosedur yang rinci
B. Peningkatan pemantauan dan pengawasan kepatuhan terhadap standar dan
prosedur serta memberikan hukuman bagi pelanggar
C. Jawaban A dan B benar
D. Jawaban A dan B salah

76. Kantor Jasa Akuntansi (KJA) mendapat tawaran pekerjaan dari perusahaan pesaing klien
lamanya dengan fee dua kali lipat dari fee yang diterima dari klien lamanya. Tawaran
tersebut merupakan ancaman terhadap prinsip:
A. Objektivitas
B. Nemiliki kompetensi dan kehati-hatian profesional
C. Kerahasiaan
D. Perilaku profesional

77. Manakah yang bukan hak dari pemegang saham?


A. Mendapatkan semua informasi mengenai perusahaan setiap saat
B. Memilih dan mengganti anggota dewan komisaris
C. Memberikan persetujuan pengeluaran saham tambahan
D. Berpartisipasi dalam RUPS

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78. Berdasarkan peraturan OJK, manakah jasa non atestasi yang dapat diberikan oleh
auditor perusahaan?
A. Audit internal yang telah memperoleh persetujuan terlebih dulu dari Komite
Audit
B. Pembukuan yang telah memperoleh persetujuan terlebih dulu dari Komite Audit
C. Konsultasi Manajemen yang telah memperoleh persetujuan terlebih dulu dari
Komite Audit
D. Jasa perpajakan yang telah memperoleh persetujuan terlebih dahulu dari Komite
Audit

79. Peraturan Bapepam-LK (IX.I.7) mengenai unit audit internal mengatur:


A. Kepala Unit Audit Internal bertanggung jawab kepada komisaris utama
B. Piagam Unit Audit Internal ditetapkan oleh dewan komisaris
C. Unit Audit Internal paling kurang terdiri dari 2 (dua) orang auditor internal
D. Kepala Unit Audit Internal diangkat dan diberhentikan oleh Direktur Utama
dengan persetujuan dewan komisaris

80. Berikut ini kewajiban sebuah perseroan dalam memenuhi hak-hak pemangku
kepentingan sesuai dengan Undang-Undang No. 40 Tahun 2007 tentang Perseroan
Terbatas, kecuali:
A. Kewajiban melaksanakan tanggung jawab korporat
B. Kewajiban mengungkapkan informasi kepada kreditur atas keputusan RUPS
terkait penurunan modal
C. Kewajiban menyajikan laporan pelaksanaan tanggung jawab sosial
D. Kewajiban untuk meningkatkan partisipasi karyawan melalui program
kompensasi berbasis saham

Halaman 16 dari 25
NASKAH UJIAN CHARTERED ACCOUNTANT (CA) TAHUN 2015
ETIKA PROFESI & TATA KELOLA KORPORAT

ESAI

1. Pada saat pemerintah menerapkan kebijakan rotasi, banyak Kantor Akuntan Publik
(KAP) yang melakukan perubahan nama ataupun merger untuk mempertahankan
kliennya.
Jelaskan apakah tindakan KAP tersebut melanggar prinsip dasar etika profesi?

2. Jelaskan apa yang dimaksud dengan etika bisnis dan menggunakan pendekatan
stakeholder theory, paparkan tindakan-tindakan bisnis yang tidak beretika yang dapat
dilakukan oleh perusahaan terhadap pemangku kepentingan?

Halaman 17 dari 25
NASKAH UJIAN CHARTERED ACCOUNTANT (CA) TAHUN 2015
ETIKA PROFESI & TATA KELOLA KORPORAT

3. Perhatikan struktur perusahaan berikut ini:

PT AAA

90%

Pemegang PT BBB
Saham Publik
30%
70%
PT CCC

Diminta:
a. Apakah konflik keagenan tipe 1 ataukah tipe 2 yang lebih besar kemungkinannya
terjadi pada struktur perusahaan di atas? Jelaskan
b. Berapa cashflow right dan voting right yang dimiliki PT AAA terhadap PT CCC?
c. Jelaskan hubungan antara cashflow right dan voting right dengan ekspropriasi
yang dilakukan oleh pemegang saham pengendali terhadap pemegang saham
public.
d. Berikan contoh tindakan manajemen PT CCC, yang merupakan bagian dari
pemegang saham pengendali, memanfaatkan free cash flow perusahaan untuk
kepentingan sendiri.
e. Jelaskan bagaimana kebijakan transfer pricing dapat digunakan dalam transaksi
PT BBB dan PT CCC yang dapat merugikan pemegang saham publik
f. Jelaskan peran komite audit PT CCC terkait transaksi yang mungkin dilakukan
antara PT CCC dengan PT BBB atau PT AAA
g. Jelaskan dua opsi tindakan yang dapat dilakukan pemegang saham publik PT CCC
jika dirugikan oleh tindakan pemegang saham pengendali PT CCC.

Halaman 18 dari 25
NASKAH UJIAN CHARTERED ACCOUNTANT (CA) TAHUN 2015
ETIKA PROFESI & TATA KELOLA KORPORAT

4. Jelaskan apa yang dimaksud dengan etika bisnis dan menggunakan pendekatan
stakeholder theory, paparkan tindakan-tindakan bisnis yang tidak beretika yang dapat
dilakukan oleh perusahaan terhadap pemangku kepentingan?

5. Cynthia Cooper adalah whistleblower pada WorldCom. Ia merupakan internal auditor


perusahaan yang berhasil mengungkapkan manipulasi akuntansi yang dilakukan oleh
perusahaan dan melaporkannya ke Komite Audit walaupun sebetulnya dalam
melaksanakan tugasnya ia dihalang-halangi dan tidak memperoleh akses data. Akibat
perbuatannya, kasus manipulasi laporan keuangan WorldCom terungkap dan
perusahaan bangkrut. Setelah kasus tersebut, Cynthia Cooper berhenti bekerja dan
kemudian menulis buku serta berkeliling untuk berbicara dengan siswa SMA dan
mahasiswa tentang perlunya mempersiapkan diri pada suatu situasi di mana harus
menghadapi pilihan etika. "Kita sering tidak menyadari bahwa kita menghadapi dilema
etika. Banyak tekanan yang dihadapi di tempat kerja dan kita harus mempersiapkan diri”
Diminta:
a. Jelaskan tekanan-tekanan yang dihadapi oleh seorang lulusan baru universitas
dalam pekerjaannya, terutama sebagai akuntan profesional.
b. Apa yang harus dipersiapkan oleh seorang akuntan profesional agar siap
menghadapi tekanan sehingga tidak perlu mengorbankan nilai-nilai etika yang
dimilikinya.

Halaman 19 dari 25
NASKAH UJIAN CHARTERED ACCOUNTANT (CA) TAHUN 2015
ETIKA PROFESI & TATA KELOLA KORPORAT

STUDI KASUS

NO.1
Isu tata kelola di PT ANTAH PROPERTI muncul di tahun 2013 seiring dengan pengunduran diri
dari Direktur Utama, Direktur Keuangan, auditor eksternal, dan komisaris independen. Akibat
dari terkuaknya isu tersebut harga saham perusahaan mengalami penurunan yang signifikan.

Sejarah Perusahaan
Perusahaan berdiri sejak 15 tahun lalu dan terdaftar di bursa efek sejak 10 tahun lalu. Salah
satu bisnis utama perusahaan adalah real estat dan usaha lain yang terkait.

Struktur Perusahaan
PT ANTAH PROPERTI mempunyai anak perusahaan PT GEMA, yang mempunyai beberapa anak
perusahaan yang menjalankan bisnis utama terkait real estat. PT GEMA mempunyai
kepemilikan berkisar antara 51%-85% di anak perusahaan. Salah satu anak perusahaannya
adalah PT KANSA dengan kepemilikan 85%. Walaupun awalnya berfokus di real estat, PT ANTAH
PROPERTI kemudian juga mengembangkan bisnis mengembangkan dan mengelola proyek IT di
beberapa negara di Asia.

Direksi dan Dewan Komisaris


Direksi PT ANTAH PROPERTI terdiri dari 5 orang. Komisaris terdiri dari 5 orang dan 3
diantaranya adalah komisaris independen. Status independensi komisaris direview setiap tahun
oleh Komite Nominasi. Direksi terdiri dari direktur dengan beragam keahlian dan pengalaman.
Mayoritas dari direksi berlatar belakang pendidikan bisnis dan manajemen atau akuntansi dari
universitas ternama. Komisaris utama adalah Bapak ARA, yang juga merupakan pendiri dan
Komisaris Utama dari PT Asa Holding (induk perusahaan PT ANTAH PROPERTI). Bapak ARA telah
mempunyai pengalaman lebih dari 30 tahun di industri keuangan dan juga pernah menduduki
jabatan di salah satu perusahaan sekuritas ternama.
Komisaris Utama PT GEMA adalah Bapak HARI yang merupakan Direktur Utama dari PT ANTAH
PROPERTI. Direktur Utama dari PT GEMA adalah Bapak RONI. Bapak RONI juga menentukan
kebijakan akuntansi yang dipakai oleh PT GEMA. Bapak RONI juga merupakan Pimpinan dari
KAP ABC, yang telah memberikan jasa akuntansi untuk PT GEMA. Lama tahun penugasan KAP
ABC di PT GEMA tidak pernah diungkapkan oleh perusahaan.

Halaman 20 dari 25
NASKAH UJIAN CHARTERED ACCOUNTANT (CA) TAHUN 2015
ETIKA PROFESI & TATA KELOLA KORPORAT

Kebijakan Remunerasi
Remunerasi para komisaris diberikan kompensasi dalam bentuk gaji dan opsi saham. Komisaris
juga mendapat tambahan kompensasi berdasarkan kehadiran dan juga tambahan kompensasi
jika menjadi ketua atau anggota komite. Para direktur menerima kompensasi berupa gaji,
tunjangan, bonus, dan opsi saham.
Perusahaan memberikan opsi saham untuk karyawan dari kelompok usaha dan juga untuk para
direktur dan komisaris. Jika direktur atau komisaris yang menerima opsi merupakan pemegang
saham mayoritas (memiliki pengendalian) atau asosiasi (memiliki pengaruh signifikan), maka
pemberian opsi saham tersebut harus mendapat persetujuan pemegang saham dalam RUPS.

Komite Audit dan Komite Nominasi


Pada akhir tahun 2013, Komite Audit dari PT ANTAH PROPERTI Tbk terdiri dari tiga orang, yang
diketuai oleh Komisaris Independen. Semua anggota Komite Audit mempunyai latar belakang
keuangan dan akuntansi, dan rapat Komite Audit umumnya diselenggarakan beberapa kali
dalam setahun.
Berdasarkan laporan Komite Audit di laporan tahunan perusahaan, komite audit melakukan
review atas laporan yang dibuat manajemen dan auditor eksternal. Manajemen dan auditor
eksternal, apabila diperlukan, juga diundang untuk hadir dalam rapat Komite Audit tersebut.
Komite Nominasi PT ANTAH PROPERTI terdiri atas dua orang, yang diketuai oleh Komisaris
Independen. Rapat Komite Nominasi dilaksanakan minimal satu kali dalam setahun. Komite
Nominasi memberikan rekomendasi ke Dewan Komisaris mengenai pemilihan kembali direktur
dan komisaris, penunjukan kandidat potensial sebagai direktur, komisaris, anggota Komite,
serta mengevaluasi kinerja dari direktur dan komisaris.

Isu di dalam Perusahaan


- Reviu dan pengawasan atas praktik akuntansi
Salah satu tugas dari Dewan Komisaris PT ANTAH PROPERTI dan PT GEMA adalah reviu dan
pengawasan atas praktik akuntansi di perusahaan. Bapak Roni dan manajemen PT GEMA
menyiapkan semua akun untuk membuat laporan keuangan, dan kemudian diserahkan ke KAP
ABC untuk diberikan persetujuan.
Bapak HARI juga memberikan otorisasi bagi Bapak RONI untuk bertindak sebagai auditor
internal PT ANTAH PROPERTI yang salah satu tugasnya melakukan audit terhadap anak-anak
perusahaan PT ANTAH PROPERTI.

Halaman 21 dari 25
NASKAH UJIAN CHARTERED ACCOUNTANT (CA) TAHUN 2015
ETIKA PROFESI & TATA KELOLA KORPORAT

- Pengawasan dan pelaporan anak perusahaan


Pada bulan Oktober 2013, KAP XYZ (yang merupakan auditor dari PT ANTAH PROPERTI sejak
tahun 2002), mengangkat isu terkait kurangnya komunikasi dan informasi tepat waktu antara
Divisi Keuangan di kantor pusat dengan anak-anak perusahaan, terutama PT GEMA.
Proposal PT GEMA untuk melakukan ekspansi usaha ke beberapa negara di Asia (Thailand dan
Vietnam) tidak dipresentasikan dulu ke Direksi dan Dewan Komisaris PT ANTAH PROPERTI untuk
dilakukan evaluasi dan mendapatkan persetujuan. Selain itu, laporan anggaran dari salah satu
proyek real estat di Filipina tidak memasukkan anggaran dan proyeksi yang cukup detil, serta
tidak dilakukan pelaporan arus kas maupun perkembangan proyek yang tepat waktu oleh PT
GEMA ke PT ANTAH PROPERTI. PT GEMA juga mengeluarkan utang sebesar Rp50 milyar untuk
mendanai salah satu proyek IT di Surabaya. Utang tersebut seharusnya jatuh tempo pada bulan
April 2009, namun kemudian diperpanjang sampai tahun 2017 oleh Bapak Hari dengan
mengatasnamakan PT ANTAH PROPERTI dan Direksi PT GEMA, tanpa persetujuan dari Direksi
PT ANTAH PROPERTI. Penerimaan dari proyek IT tersebut juga tidak digunakan untuk
melakukan pembayaran utang Rp50 milyar tersebut.
Pada bulan Mei tahun 2013, PT GEMA menerbitkan obligasi senilai Rp 60 milyar ke PT DITA
(pihak berelasi dari PT ANTAH PROPERTI) menggunakan investasi PT ANTAH PROPERTI sebagai
jaminan, yang juga tidak meminta persetujuan dari Direksi PT ANTAH PROPERTI.

Pengunduran Manajemen dan Auditor Eksternal


Pengunduran diri berturut-turut dari Wakil Direktur Utama PT ANTAH PROPERTI terjadi di bulan
Juni 2013. Yang kemudian diikuti pengunduran diri Direktur Keuangan di bulan Juli 2013.
Keduanya menyatakan alasan pengunduran diri adalah alasan pribadi.
Pada awal September 2013, KAP XYZ memberikan pemberitahuan kepada perusahaan
mengenai niatnya untuk mengundurkan diri sebagai auditor eksternal perusahaan, hanya dua
hari sejak penunjukan kembali KAP XYZ sebagai auditor eksternal perusahaan di RUPS PT
ANTAH PROPERTI. Namun, dalam pengumuman perusahaan di pertengahan September, PT
ANTAH PROPERTI menyatakan pergantian auditor dilakukan untuk meningkatkan tata kelola
perusahan. KAP DEF ditunjuk sebagai auditor eksternal untuk menggantikan KAP XYZ.
Pada bulan Oktober 2013, salah seorang Komisaris Independen PT ANTAH PROPERTI
mengundurkan diri, padahal ia belum sampai 1 tahun menjadi Komisaris Independen. Ia
menyatakan alasan pengunduran dirinya adalah ketidakpuasan atas pengendalian perusahaan
atas anak perusahaannya. Pada akhir Oktober 2013, Bapak RONI mengundurkan diri dari PT
GEMA. Bapak HARI juga mengundurkan diri.
PT ANTAH PROPERTI kemudian mengakui adanya beberapa konflik kepentingan yang terjadi
dan juga kurangnya pengendalian atas PT GEMA. PT ANTAH PROPERTI juga mengakui
kurangnya pengungkapan yang memadai mengenai arus kas dari proyek-proyek yang
dikerjakan PT GEMA.

Halaman 22 dari 25
NASKAH UJIAN CHARTERED ACCOUNTANT (CA) TAHUN 2015
ETIKA PROFESI & TATA KELOLA KORPORAT

Delisted
Permasalahan terus terjadi di PT ANTAH PROPERTI. Harga saham perusahaan terus mengalami
penurunan. PT ANTAH PROPERTI berniat menjual salah satu anak perusahaannya (PT KANSA),
namun perjanjian penjualan tersebut akhirnya tidak jadi terlaksana. Hal ini mengakibatkan PT
ANTAH PROPERTI tidak dapat melunasi utangnya sebesar Rp200 milyar ke salah satu pemasok
utama perusahaan. Pada awal Desember 2013, PT ANTAH PROPERTI melakukan konferensi pers
untuk mengumumkan bahwa perusahaan diekspektasi akan mengalami kerugian untuk tahun
2013, yang terutama disebabkan karena kerugian di bisnis utamanya. Kerugian tersebut
terutama timbul karena penghapusan pinjaman yang diberikan dan piutang bunga dari likuidasi
PT KANSA dan peningkatan beban keuangan akibat restrukturisasi. Selama tahun 2013 dan
tahun 2014, kondisi keuangan PT ANTAH PROPERTI menunjukkan modal kerja yang negatif dan
arus kas operasi yang negatif. Karena kesulitan keuangan yang dihadapi PT ANTAH PROPERTI,
akhirnya anak perusahaann PT KANSA dijual dengan harga yang cukup murah, untuk
memperoleh dana untuk melunasi utang ke pemasok utama perusahaan tersebut.
Pada bulan Juli tahun 2014, saham perusahaan akhirnya delisted dari bursa efek. Pemegang
saham perusahaan pada saat itu, tetap menjadi pemegang saham perusahaan walaupun saham
perusahaan sudah delisted.

Diminta:
1. Jelaskan isu-isu tata kelola utama yang timbul dari kasus di atas. Apa sebenarnya
penyebab dari isu-isu tersebut?
2. Terdapat banyak pengunduran diri dari banyak pihak di perusahaan. Sejauhmana
pengunduran diri tersebut dapat mengindikasikan adanya permasalahan sistemik di
perusahaan?
3. Apakah menurut Anda, Komisaris Independen harus mengundurkan diri dalam kondisi
tersebut?
4. Apakah perusahaan dan auditor eksternal telah bertindak tepat ketika auditor eksternal
mengundurkan diri hanya dua hari sejak ditunjuk kembali dalam RUPS?
5. Apakah menurut Anda, kesulitan keuangan yang dihadapi perusahaan diakibatkan oleh
masalah tata kelola?

Halaman 23 dari 25
NASKAH UJIAN CHARTERED ACCOUNTANT (CA) TAHUN 2015
ETIKA PROFESI & TATA KELOLA KORPORAT

NO.2
PT Link Net Tbk (Selanjutnya disebut PT Link) adalah perusahaan terbuka dengan pemegang
saham sebagai berikut per 31 Desember 2014: PT First Media Tbk dengan kepemilikan 33,82%,
Asia Link Dewa Pte Ltd 33,45%, dan pemegang saham dengan kepemilikan di bawah 5%:
32,73%i. PT First Media Tbk adalah perusahaan yang merupakan bagian dari Lippo grup, salah
satu grup konglomerat terbesar di Indonesiaii.
Perusahaan menjalankan bisnis internet dan multimedia yang mencerminkan visi dan misi First
Media Grup untuk menjadi perusahaan megamedia di Indonesiaiii. Untuk pasar konsumen, PT
Link menawarkan produk internet broadband dan produk televise berlangganan melalui kabel.
Sedangkan untuk pasar bisnis PT Link menawarkan layanan data komunikasi serta produk solusi
korporasi lainiv. Terlampir adalah struktur organsiasi perusahaanv.
Dewan Komisaris PT Link beranggotakan 5 orang, dua diantaranya adalah Komisaris
Independen. Terlampir adalah profil dari para komisaris PT Linkvi.
Sesuai dengan ketentuan OJK mengenai kewajiban pengungkapan di laporan tahunan (Aturan
Bapepam-LK X.K.6), perseroan mengungkapkan praktek tata kelolanya, termasuk diantaranya
pengungkapan mengenai Dewan Komisaris dan Komite Audit (Terlampirvii).
Berdasarkan penjelasan di atas serta lampiran, jawablah pertanyaan-pertanyaan berikut
dengan mengacu ke prinsip-prinsip corporate governance dari OECD, pedoman corporate
governance dari KNKG, aturan OJK yang terkait, dan atau ASEAN CG Scorecard.
Pertanyaan:
Lakukan evaluasi kekuatan dan kelemahan terhadap:
a. struktur, komposisi, kualifikasi dan independensi Dewan Komisaris PT Link,
b. penyajian struktur organisasi PT Link di laporan tahunan,
c. persyaratan, keanggotaan (termasuk proses nominasi), dan masa jabatan komisaris,
d. cakupan tugas, tanggung jawab dan kewajiban Dewan Komisaris,
e. pelaksanaan tugas dan akuntabilitas Dewan Komisaris dan para komisaris,
f. komposisi, kualifikasi dan independensi Komite Audit PT Link,
g. cakupan tugas, pelaksanaan tugas Komite Audit.

Halaman 24 dari 25
NASKAH UJIAN CHARTERED ACCOUNTANT (CA) TAHUN 2015
ETIKA PROFESI & TATA KELOLA KORPORAT

i
Laporan Tahunan Link Net 2014, halaman 33.
ii
http://www.indonesia-investments.com/business/indonesian-companies/first-media/item197
iii
Laporan Tahunan Link Net 2014, halaman 17.
iv
Laporan Tahunan Link Net 2014, halaman 17.
v
Laporan Tahunan Link Net 2014, halaman 113.
vi
Laporan Tahunan Link Net 2014, halaman 47-49
vii
Laporan Tahunan Link Net 2014, halaman 106-110.

Halaman 25 dari 25
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