Akuntansi Forensik & Audit Investigatif

Theodorus M. Tuanakotta
# 3 – 20 September 2018, 11:00-13:30
Kumpulkan makalah 1
Beneish M Score
 Kelas ini (Paruh 2)
tidak jadi membahas
tulisan di Asia
Sentinel.
 A.W. Tjahjadi
Penggunaan kode-kode dalam
kejahatan Tipikor untuk apa?
Berkaitan dengan Fraud Axiom
yang mana?
 A.W. Tjahjadi
Dalam kerangka manipulasi
laporan keuangan, profesi mana
yang terbaik memeras jeruk
lemon?
A.W. Tjahjadi
 ORDER INSTITUTING DISCIPLINARY
PROCEEDINGS, MAKING FINDINGS, AND
IMPOSING SANCTIONS
In the Matter of KAP Purwantono,
Sungkoro & Surja, Roy Iman Wirahardja,
and James
Randall Leali
PCAOB Release No. 105-2017-002
February 9, 2017
 Contoh kasus pertama
untuk menjawab
perrtanyaan Rara tanggal
13/9/2018
 Indosat melakukan restatement?
a) Kapan, mencakup lap.keu. tahun ____
b) Apakah jumlahnya material?
c) Apakah laba/aset lebih tinggi/rendah
sebelum restatement?
d) Buat apa Indosat restate lap.keu. nya?
e) Apakah EY yang usulkan restatement
tsb?
 Improperly alter work papers
• RIW and EY-Indonesia through
certain of its employees violated
PCAOB rules and standards by
improperly altering work papers for
the 2011 audit in connection with a
Board inspection.
• Bagaimana PCAOB bisa tahu hal ini?
 Kasus EY Indonesia - Indosat

• How much dalam kasus ini

ialah ...
• Mengapa Hm ini penting?
• Contoh (dlm kasus lain) – kerugian
keu.negara Rp 2 T
Rinci pelaku (Who),
dan apa perbuatan
mereka (What)
- Apakah Anda masukkan dua
entitas [EY Indonesia, Indosat Tbk]
dalam Who?
- Kalau lupa masukkan Indosat,
Anda kemungkinan tidak masukkan
besarnya salah saji dalam How
Much!
- Sumber: restated F/S 2012
- Apakah para pihak
(Respondents) dan Indosat
mengakui kesalahan
mereka?
- Lantas buat apa OJK sibuk
periksa EY Indonesia?
Bagaimana Auditor bisa
mencegah salah/ gagal
audit ini?
 Dengan Putusan (Order) PCAOB
1) Censuring ... "Firm“) , Roy Iman
Wirahardja, and James Randall Leali
(collectively, "Respondents");
2) Imposing a civil money penalty in the
amount of $1,000,000 on EY-Indonesia,
$20,000 on Wirahardja, and $10,000
on Leali;
3) Barring RIW from being associated
with a registered public accounting
firm;
4) Limiting Leali's activities in
connection with any "audit," as ...
defined in Section ... of SOX Act of
2002, ..., for a one year period, by
prohibiting Leali from serving in
certain capacities in any audit ...
 PCAOB Findings

a) The Respondents violated PCAOB

rules and standards in issuing, or
authorizing the issuance of,
unqualified audit reports concerning
the December 31, 2011 financial
statements and internal control over
financial reporting PT Indosat Tbk;
 PCAOB Findings
b) RIW and EY-Indonesia through
certain of its employees violated
PCAOB rules and standards by
improperly altering work papers for
the 2011 audit in connection with a
Board inspection
 PCAOB Findings
c) EY-Indonesia and Wirahardja
violated PCAOB rules by failing to
cooperate with a Board
investigation
 Audit Failure – PCAOB item 5
• Respondents failed to exercise due
professional care and professional
skepticism and obtain sufficient
appropriate audit evidence in
evaluating Indosat's accounting for
its over 4,000 leases related to
spaces, or "slots," on cellular towers.
Cellular Towers & Slots
 Audit Failure – PCAOB item 5
• During the 2011 audit, the partner
responsible for performing the cross-
border regulatory review of the Indosat
audit as required by PCAOB standards
expressed concern to Wirahardja and
the engagement team regarding the
sufficiency of Indosat‘s tower slot lease
analysis.
 Audit Failure – PCAOB item 5
• In response, Wirahardja and the
engagement team repeatedly requested
that management complete a properly
supported lease accounting analysis.
Respondents failed, however, to obtain and
evaluate a completed analysis before
releasing audit reports on Indosat's
December 31, 2011 financial statements and
ICFR.
 Audit Failure – PCAOB item 5
• And although those audit reports
contained unqualified audit opinions,
Respondents released the reports
based on the audit evidence obtained
to date and subject to the requirement
that management provide a
completed – and properly supported –
and properly supported –
 Audit Failure – PCAOB item 5
• tower slot lease accounting analysis
in the future. Respondents further
understood that, depending on the
outcome of that analysis, a
restatement of the2011 and prior
year's financial statements might be
required.
 Penjelasan PCAOB lainnya
• PCAOB Announces $1 Million
Settlement with Indonesian Member of
Ernst & Young Network for Audit Failure,
Noncooperation, and Violations of
Quality Control Standards
• Also, two audit partners were sanctioned
for their roles in the audit failure
• WASHINGTON, Feb. 9, 2017
 PCAOB gunakan istilah failure
• The Public Company Accounting
Oversight Board today announced that it
censured and imposed a $1 million civil p
enalty
on KAP Purwantono, Suherman & Surja,
the Indonesian member firm of the Ernst
& Young global network, for audit failure,
noncooperation, and violations of the
Board's quality control standards.
 Partner berjenjang di audit 2011
• A U.S.-based EY partner performing a
review required by PCAOB standards
informed the engagement partner
that he believed the company failed to
provide sufficient evidence to support
the accounting for more than 4,000
leases for spaces on cellular towers.
 Partner berjenjang di audit 2011
• In response, the engagement partner
contacted the regional professional
practice director who, despite the
review partner's concerns, authorized
the engagement partner to release
the audit report.
 Workpapers ciptaan baru ...
• Shortly before a 2012 PCAOB inspection of the
audit, members of the EY Indonesia
engagement team improperly created dozens
of new audit work papers. During that
inspection, the engagement partner
participated in improperly creating another
work paper, which was provided to PCAOB
inspectors. EY Indonesia and the engagement
partner subsequently failed to cooperate with
the Board's investigation.
 Claudius B. Modesti
Director of the Division of
Enforcement and Investigations
Claudius B. Modesti, director of the PCAOB
Division of Enforcement and Investigations

• "In their haste to issue audit reports for

their client, the firm and two partners
shirked their fundamental duty to obtain
sufficient audit evidence. Matters were
made much worse when EY Indonesia
and the engagement partner did not
cooperate with the Board's inspection
and investigation."
 ... leaving PCAOB’s enforcement division
By Douglas Clark  |   May 31, 2018

• Modesti is departing after 14 years, having joined

the Board in May 2004 as the PCAOB’s first
enforcement director while leading a team that
built the enforcement group from its inception.
• Officials credit Modesti and his team with settling
and litigating matters across a broad spectrum of
audit firms and conduct, including significant
audit failures, noncooperation with the Board’s
oversight processes and independence violations.
None of the respondents
admitted or denied the
allegations contained in
the order.
 Adakah lessons
learned buat Anda
dari diskusi dan kasus
hari ini???
Apa gerangan LL itu?
 Restatement of financial statements
• The need to restate financial figures can
result from accounting errors,
noncompliance with generally accepted
accounting principles, fraud,
misrepresentation, or a simple clerical
error. A negative restatement often
shakes investors' confidence and causes
the stock's price to decline.
 Correcting Error

• This is the most common reason that financial

statements are restated. After the release of
the statements, errors can be found by the
company or the auditors. If the error is deemed
to be material to the financial statements, those
statements are required to be corrected and re-
issued to users. Materiality is determined by
whether the error would cause users to come
to incorrect conclusions in their analysis.
 Beneish M Score

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