Langkah-Langkah Audit

Summary

In this session, Dr. Lia Rahmawati discusses the steps involved in a management audit, with a focus on the preliminary audit process. Key steps include understanding the background of the company being audited, determining the audit’s objectives and scope, reviewing regulations, and developing initial criteria for auditing. The importance of addressing inefficiencies, achieving company goals, and ensuring compliance with policies is emphasized. Dr. Rahmawati also explores the roles of various stakeholders in the audit process and provides guidance on how to assess and manage audit risks effectively.

Takeaways

• 😀 Preliminary audit is essential to understand the background of the company being audited, including its industry, organizational structure, and policies.
• 😀 Auditors must determine the specific objectives of the audit, which may range from partial audits of individual departments to full audits of the entire organization.
• 😀 Review of relevant laws, regulations, and company policies is crucial in an audit to ensure compliance with both internal and external standards.
• 😀 One of the main reasons for a management audit is to identify inefficiencies, such as wastage of resources or unmet company goals.
• 😀 Clear and measurable audit objectives must be set, ensuring that the audit can be practically conducted and that there are enough resources to carry it out effectively.
• 😀 In assessing an audit, auditors should take into account any high-risk factors that could affect the audit's success, such as unclear objectives, weak controls, or frequent employee turnover.
• 😀 Audit scope includes financial areas, compliance with company regulations, and effectiveness of business practices, such as marketing and human resources.
• 😀 The audit's scope and objectives should be aligned with the needs and expectations of the third-party requestor (e.g., board members, investors).
• 😀 It is crucial to ensure that audit criteria are realistic, reliable, and based on objective standards, including applicable laws and widely accepted benchmarks.
• 😀 Audit reporting should clearly present findings, recommendations, and any corrective actions taken by the audited entity, ensuring transparency and accountability.

Q & A

What is the first step in the audit process according to the script?

The first step in the audit process is the preliminary audit, where the auditor needs to understand the background of the company being audited, including the type of company (e.g., service, trading, or manufacturing).

Why is understanding the company background important for an auditor?

Understanding the company background helps the auditor identify the company’s structure, operational processes, and key aspects that will guide the audit, such as financial practices, regulations, and departments to focus on.

What role do third parties play in determining audit goals?

Third parties, such as investors or board members, request audits of specific departments or the entire company based on concerns or needs, which helps the auditor define the goals and scope of the audit.

What are some of the key factors an auditor must consider before starting an audit?

Before starting an audit, an auditor must assess the availability of resources, the time allotted, and the cooperation of the audited entity. Additionally, past audit reports and discussions with stakeholders are important in setting the audit’s objectives.

What is meant by 'audit scope' in the context of this script?

The audit scope refers to the extent and range of the audit, which can include specific financial aspects, regulatory compliance, or the overall operations of the company, depending on the audit's objectives.

How does the auditor determine whether the audit is feasible?

The auditor determines audit feasibility by evaluating whether the target of the audit is defined and achievable, whether sufficient resources are available, and if there is enough time to complete the audit.

What are the main areas typically covered in an audit as mentioned in the script?

The main areas covered in an audit typically include financial control (such as funds, assets, and liabilities), compliance with internal policies and laws, and the effectiveness and efficiency of company operations.

What should an auditor do if weaknesses are found during an audit?

If weaknesses are found during an audit, the auditor is responsible for recommending improvements, identifying the underlying causes of the issues, and providing clear action plans to address them.

What are the characteristics of a good management control system as mentioned in the script?

A good management control system should include clear company goals, well-defined plans to achieve those goals, adequate staffing, and sound policies to support the company’s objectives.

What is the importance of an internal audit function?

An internal audit function is important because it ensures that audits are conducted effectively within the organization. It helps identify and address issues, ensure compliance with policies, and improve overall organizational performance.

How does the auditor conduct follow-up audits?

The auditor conducts follow-up audits to verify whether the corrective actions recommended in the previous audit have been implemented effectively and if any further improvements are needed.