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Auditing And Atestation

No. Lecturer E-mail


Subject Code ECAM804107

Subject Title Auditing And Atestation
Credit Value 3
Pre-requisite/ ---
Role and Purposes This subject is given to provide students with the knowledge and ability to apply
auditing standards, attestation standards, accounting services and review standards,
quality control standards, and professional code of ethics. After finishing these subjects,
students are expected to prepare audit planning, carry out fieldwork audit, prepare
audit reports, and perform other attestation and assurance services, based on the
Public Accountants Professional Standards by the Indonesian Institute of Accountants.
Thus they are expected to be ready to apply the knowledge and skill as an auditor and
able to develop the skills to solve problems related to the audit process, including but
not limited to the ability to make decisions, and skills in preparing and delivering
professional communication and working with others.

Subject Learning 1. Students are able to apply auditing theories in auditing decision making process
Outcomes from multiple perspectives:
a. Students are able to prepare audit planning based on preliminary risk
assessment (T.1.4.1)
b. Students are able to manage and review audit procedures (T.1.4.2)
c. Students are able to plan and perform other assurance and attestation services
d. Students are able to prepare final audit report (T.1.4.4)
2. Students are able to provide recommendations to solve accounting problem:
a. Students are able to identify problems (T.2.1.1; TLA)
b. Students are able to analyze problems (T.2.1.2; TLA)
c. Students are able to recommend alternative solutions to accounting problems
in organization (T.2.1.3; TLA)
3. Students demonstrate an understanding in global perspectives in accounting and
their impact on decision making process:
a. Students are able to demonstrate an understanding of contemporary global
issues in accounting (T.4.1.1)
b. Students are able to recommend alternative solutions to global issues in
accounting (T.4.1.2)
4. Students are able to communicate clearly and concisely in writing
business/academic report:
a. Students are able to express ideas logically and deliver content accurately
(T.5.1.1; TLA)
b. Students are able to use clear and precise language (T.5.1.2; TLA)
c. Students are able to compose a formal business/academic writing (T.5.1.3; TLA)
5. Students are able to communicate clearly and concisely in presentation and
a. Students are able to clearly deliver content with logical structure (T.6.1.1; TLA)
b. Students are able to use body language, eye contact, and voice tone at
appropriate pace (T.6.1.2; TLA)
c. Students are able to use visual aids or technology (T.6.1.3; TLA)

Subject Synopsis/
Indicative Syllabus Week Topic LO Required
# Reading
1 a. Explanation Syllabus, 3a
b. Attestation, Assurance and Audit
c. ISA-based Audit Process
d. Professional organizations as a standard
e. Indonesia: IAI - Financial Accounting
Standards, Certified - Standard
profession Public Accountant
f. International: IFAC and the IAASB -
International standard
g. Public Accountants Professional
2 a. Professional ethics GM chapter 3 and 4
b. Independent meaning Code - Certified
c. Regulations and regulators:
d. The role of government (PPAJP and FSA)
the public accounting profession
e. Regulation for Public Accountant and
Public Accountant Office
f. Regulator as an oversight body
g. Responsibility Public Accountant and
Public Accountant Office
h. The responsibility for the occurrence of
i. Legal responsibility
j. Responsibility for quality control

3 Risk Based approach to auditing: 3a GM chapter 5; The

a. Why is a risk based approach to audit 3b Risk Based
an aid to the auditor: 1a Approach to audit:
b. Broad approach to minimize audit risk Audit judgments
c. Business Risk approach to audit GUIDE Chapter 4
d. Judgment in accounting and auditing (pages 34-53): The
and its relationship to risk Risk-based audits
Exercises, participants are divided into Relevant ISA:
groups: o ISA 200
GM cht 5: Activity 5.1 - 5.2 - 5.3 o ISA 240: only
GM cht 5: discuss figure 5.1, using paragraph on
the ISA 315 Professional
GUIDE cht 4, page 40 and 41: Skepticism
Discuss Exhibit 4.2.3 and 4.2. o ISA 330: the
GM cht 5: Activity 5:13 and 5:14 330.3
Gm cht 5: Activity 5:27 and 5:18 o ISA 315: the
o ISA 700: the
4 Sampling and materiality 1b GM chapter 12

Case Study 11.1: Broomfield plc-
GM page 398
5 Search for audit Evidence 1b GM Chapter 6

Group task
Case Study 6.1
Ridgewalk plc
GM page 224

6 Testing and evaluating of System 1b GM Chapter 9

Case 9,1 page 330
Group task Case 9.2 page 333
Broomfield plc Case 9.3 page 337
Troston plc Case 9.4 pge 338
Broomfield plc
Burbage ltd

7 Substantive testing: 1b GM Chapter 10

Computer - Assisted Audit Techniques Case 10.1 page 361
audit Program

Group task
powerbase plc
8 Fraud and Financial shenanigans GM chapter 17
Group task
Participants should look for case studies
1. Fraud
2. Financial shenanigans
9 Final Review (completing the audit) 1d GM chapter 12 :dan
Post balance sheet events 13
Provision and Contingencies Case 12.1 page
Going Concern issues 431
Case 12,2 page
Group task 437
Kothari ltd Case 13.1 page
Art Aid ltd 491
Bilbrook ltd Case 13.3 page
Grave ltd 510
10 The auditors Report 1d GM Chapter 12

Group task
Participants should look for examples of
modified audit opinion
11 ISREs (Review of Historical Financial 1c HANDBOOK
2400 Engagements to Review
Financial Statements
2410 Review of Interim Financial
Information Performed by the
Independent Auditor of the Entity
Lecturing and exercises
Lecturers may decide to group assignment
12 ISAEs (non historical financial Information) 1c HANDBOOK
3400 The Examination of
Prospective Financial Information
3410 Assurance Engagements on
Greenhouse Gas

Lecturing and exercises

Lecturers may decide to group assignment
13 ISRSs (Related Statements) 1c HANDBOOK
4400 Agreed-Upon Procedures
Regarding Financial Information
4410 Compilation Engagements

Lecturing and exercises

Lecturers may decide to group assignment

14 Current development of ISAs 3a

Teaching/Learning Teaching is given with emphasis on the discussion of the case of integrated audits and
Methodology other audit case studies in accordance with the subject. Discussion of the case carried
out the form of presentations and discussions. In each session, students were asked to
explore the issues that will be discussed. The case presented reflects the main issues to
be discussed in that session. The results of the discussion of the case by learners are
presented in writing to be presented and discussed in class. Learners are expected for
that participates actively in the discussion.

Method in Specific Assessment Methods/Taks % Intended Learning Outcomes
Alignment with Weighting to be Assessed
Intended Learning 1a 1b 1c 1d 3a 3b
Outcomes Continuous Assessment 100
Mid Term Exam 25%
(LO Percentage in exam)
Final Exam 25%
(LO Percentage in exam)
Individual Assignment 10%
Group Assignment Cases 20%
Presentation and Discussion 20%

Details of learning Choice of learning methods for this subject are:

method 1. Lecturing;
2. Group Discussion;

Almost in all sessions, the students will participate in group discussion. The discussion is
designed to raise their curiosity as well as to solve some assignments. Each group will
present the results of discussions with the lecturer as facilitator. Results of the
discussion and presentations are expected to improve students understanding about
the concept and the implementation based on cases. These presentation sessions are
also expected to benefit the students to learn from other group discussion.

Summary of Learning Experiences:

1. Information Technology Student will be exposed to the use of information
technology because they need to prepare group assignment in the form of case
paper. To gather the information needed for the case analysis, students need to
browse the internet and the library and select relevant information. They will also
need to prepare files in Microsoft Words and Power Points and submit it to the
2. Interpersonal Relations and Teamwork Students will be divided into groups. Each
week, every group should provide the lecturer with case analysis required. In order
to do so, they will have to work with each other in small teams and maintain good
interpersonal relations with other team members.
3. Diverse and Multicultural Work Environment the Master of Accounting Program
have an open requirement related to cultural background of its new students. Data
on cultural background of each student are available in the class rooster.
4. Reflective Thinking Students are required to provide short explanations on what
they think they have acquired by attending this class. This reflective short essay
should be submitted to the program on the day of the mid term and final term

Student Study
Effort Expected Class Contacts:
Lectures 10 Hours
Presentation 10 Hours
In-Class Discussion 15 Hours
Other student study effort:
Preparation for structured group assignment 14 Hours
Individual study effort 14 Hours
Total 63 Hours

Referensi Main Reading:

1. Steven Colling: Interpretation and Application of International Standards -
2011. John Willey & Sons (SC)
2. Ian Grey, Stuart Manson. The Audit Process- Principles, Practice and Cases.
4th edition. Thomson (GM)

Supplementary reading:
1. IFAC: Handbook of International quality control, auditing, review, other
assurance, and related services pronouncements. 2013, (HANDBOOK)
2. IFAC: Guide to using ISAs in the audits of small and medium sized entities. 3rd
edition (GUIDE)
3. Undang Undang Akuntan Publik, 2011 (UU AP)
4. Kode Etik Akuntan Publik IAPI (KE IAPI)
5. Tuanakotta, Theodorus M, Audit berbasis ISA (TMT 1)
6. Tuanakotta, Theodorus M, Setengah Abad Profesi Akuntansi, Penerbit Salemba
Empat, 2007 (TMT 2)
7. Tuanakotta, Theodorus M, Berpikir Kritis dalam Auditing, Penerbit Salemba
Empat, 2011 (TMT 3)
8. Arens, Elder, Beasly, Auditing and Assurance services an integrated
approach. Global Edition. Pearson Education Limited 2014 (Arens)
9. Howard M, Shilit, Financial shenanigans - How to Detect Accounting Gimmicks
& Fraud in Financial Reports, 3rd Edition. McGraw Hill (HMS)