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Modern

Modern Auditing:
Auditing:

Assurance
Assurance Services
Services and
and the
the Integrity
Integrity
th
of
Financial
Reporting,
8
of Financial Reporting, 8th Edition
Edition
William C. Boynton

California Polytechnic State


University at San Luis Obispo

Raymond N. Johnson
Portland State University

Chapter 17 Auditing the Investing and Financing


Cycles

Chapter
Chapter Overview
Overview

Sifat
Sifat Siklus
Siklus Investasi
Investasi dan
dan
Pembiayaan
Pembiayaan
Penelaahan atas siklus investasi
dan pembiayaan
Aktivitas investasi

Aktivitas pembiayaan

Pemahaman tentang bisnis dan


industri untuk mengembangkan
strategi audit

Understanding
Understanding the
the Entity
Entity and
and
Environment
Environment

Ikhtisar
Ikhtisar Aktiva
Aktiva tetap
tetap bersih
bersih dan
dan bagaimana
bagaimana aktiva
aktiva itu
itu
dibiayai
dibiayai untuk
untuk industri
industri tertentu
tertentu
AT bersih
sebagai % dari
total aktiva
Hutang operasi
sbg % dari
total aktiva
Pembiayaan
dengan hutang
sbg % daritotal
aktiva
Ekuitas sbg %
dari total
aktiva

Penjulanan
terhadap
aktiva tetap
bersih
Penjualan
terhadap total

Hotel

Sekolah

Pengecer
makanan

Pabrikan
perabot RT

Komputer
elektronik

75%

57%

42%

36%

16%

25%

23%

36%

47%

56%

65%

19%

33%

23%

10%

10%

58%

31%

30%

34%

100%

100%

100%

100%

100%

0,8

1,3

1,6

3,7

17,3

0,6

0,8

0,7

1,4

2,8

Siklus
Siklus Investasi-Tujuan
Investasi-Tujuan audit
audit
Siklus investasi difokuskan pada
investasi aktiva tetap
Tujuan Audit assersi manajemen
Perencanaan dan Metodologi Audit

Materialitas
Inherent Risk
Analytical Risk
Controling Risk

Investing
Investing Cycle
Cycle Analytical
Analytical
Procedures
Procedures

Pengujian
Pengujian Subtantif
Subtantif Atas
Atas Saldo
Saldo
Aktiva
Aktiva Tetap
Tetap
Prosedur Awal
Prosedur Analisis
Pengujian Rincian Transaksi

Memvouching penambahan Aktiva tetap


Memvouching pelepasan aktiva tetap
Mereview ayat jurnal beban reparasi dan
pemeliharaan

Substantive
Substantive Tests
Tests for
for Plant
Plant
Assets
Assets
Tests of Details of Balances

Menginspeksi Aktiva Tetap


Memeriksa dokumen dan kontrak hak
kepemilikan

Pengujian rincian saldo : Estimasi


Akuntansi

Review Penyisihan untuk Penyusutan


Penurunan Nilai Aktiva Tetap

Financing
Financing Cycle
Cycle

Financing
Financing Cycle
Cycle Audit
Audit
Objectives
Objectives

Financing
Financing Cycle
Cycle Analytical
Analytical
Procedures
Procedures

Financing
Financing Cycle
Cycle
Inherent Risk

Consideration of Internal Control

Common Documents and Records

Financing
Financing Cycle
Cycle Functions
Functions and
and
Related
Related Controls
Controls
Authorizing bonds and capital stock
Issuing bonds and capital stock
Paying bond interest and cash dividends
Redeeming and reacquiring bonds and
capital stock
Recording financing transactions

Preliminary
Preliminary Audit
Audit Strategies
Strategies for
for
Long-Term
Long-Term Debt
Debt

Substantive
Substantive Tests
Tests of
of Long-Term
Long-Term
Debt
Debt
Initial Procedures

Analytical Procedures

Tests of Details of Transactions

Substantive
Substantive Tests
Tests of
of Long-Term
Long-Term
Debt
Debt
Tests of Details of Balances

Tests of Details of Presentation and


Disclosure

Study
Study Break
Break
4. This cycle involves activities such
as acquiring debt, issuing bonds,
and issuing common stock.
A.
B.
C.
D.

Investing Cycle
Financing Cycle
Cash Disbursements Cycle
Cash Receipts Cycle

B. Financing Cycle

Study
Study Break
Break
5. This financing function involves
making payments to the proper payees
in according with board of director or
management authorizations.
A.
B.
C.
D.

Authorizing bonds
Authorizing capital stock
Paying bond interest and cash dividends
Recording financing transactions

C. Paying bond interest and cash dividends

Study
Study Break
Break
6. All of the following are tests of
details of balances for the
financing cycle, except:
A.
B.
C.
D.

Confirmation of accounts payable


Confirmation of long-term debt
Review authorization and contracts
Recalculate interest expense

A. Confirmation of accounts payable

Preliminary
Preliminary Audit
Audit Strategies
Strategies for
for
Shareholders
Shareholders Equity
Equity

Analytical
Analytical Procedures
Procedures

Substantive
Substantive Tests
Tests of
of
Stockholders
Stockholders Equity
Equity
Initial Procedures
Analytical Procedures
Tests of Details of Transactions

Vouch Entries to Paid-in Capital


Accounts
Vouch Entries to Retained Earnings

Substantive
Substantive Tests
Tests of
of
Stockholders
Stockholders Equity
Equity
Tests of Details of Balances

Review Articles of Incorporation and Bylaws


Review Authorization and Terms of Stock
Issues
Confirm Shares Outstanding with Registrar
and Transfer Agent
Inspect Stock Certificate Book
Inspect Certificates of Shares Held in
Treasury

Tests of Details of Presentation and


Disclosure