Standar Pelaporan Lap. Keu. Sesuai PABU Pertemuan 13

Learning Objectives Understanding about Reporting Standards required in Public Accountant Professional Standards Understanding about type of auditor opinion. Able to apply the standards and to decide what auditor opinion should be given to the financial statements being audited (in a case).

SA Seksi 150 – PSA No. 01 Par 02 – b. Standar Pelaporan Laporan auditor harus menyatakan apakah lap keu telah disusun sesuai dengan prinsip yang berlaku umum di Indonesia Laporan auditor harus menunjukkan atau menyatakan, jika ada, ketidakkonsistenan dalam penerapan prinsip akuntansi dalam penyusunan lap. Keu. periode berjalan dibandingkan dengan penerapan prinsip akuntansi tersebut dalam periode sebelumnya.

SA Seksi 150 – PSA No. 01 Par 02 – b. Standar Pelaporan Pengungkapan informatif dalam lap. keu. harus dipandang memadai, kecuali dinyatakan lain dalam laporan auditor. Laporan auditor harus memuat suatu pernyataan pendapat mengenai lap. keu. secara keseluruhan atau suatu esersi bahwa pernyataan demikian tidak dapat diberikan. Jika pendapat secara keseluruhan tidak dapat diberikan, maka alasannya harus dinyatakan. Dalam hal nama auditor dikaitkan dengan lap. Keu., maka laporan auditor harus memuat petunjuk yang jelas mengenai sifat pekerjaan audit yang dilaksanakan, jika ada, dan tingkat tanggung jawab yang dipikul oleh auditor.

Four Categories of Audit Reports Standard unqualified Qualified Unqualified with explanatory paragraph or modified wording Adverse or disclaimer

Parts of the Standard Unqualified Audit Report 1. Report title 2. Audit report address 3. Introductory paragraph 4. Scope paragraph 5. Opinion paragraph 6. Name of CPA firm 7. Audit report date

Conditions for Standard Unqualified Audit Report 1. All financial statements are included. 2. The three general standards have been followed in all respects on the engagement. 3. Sufficient evidence has been accumulated to conclude that the three standards of field work have been met.

Conditions for Standard Unqualified Audit Report 4. The financial statements are presented in accordance with generally accepted accounting principles. 5. There are no circumstances requiring the addition of an explanatory paragraph or modification of the wording of the report.

Unqualified Report with Explanation 1. Lack of consistent application of generally accepted accounting principles. 2. Substantial doubt about going concern. 3. Auditor agrees with a departure from promulgated accounting principles. 4. Emphasis of a matter. 5. Reports involving other auditors.

Consistency versus Comparability Changes that affect consistency and require an explanatory paragraph if they are material: 1. Changes in accounting principles 2. Changes in reporting entities 3. Corrections of errors involving principles

Consistency versus Comparability Changes that affect comparability but not consistency: 1. Changes in an estimate 2. Error corrections not involving principles 3. Variations in format and presentation of financial information 4. Changes because of substantially different transactions or events

Consistency versus Comparability Changes that affect comparability but not consistency: 1. Changes in an estimate 2. Error corrections not involving principles 3. Variations in format and presentation of financial information 4. Changes because of substantially different transactions or events

Substantial Doubt about Going Concern 1. Significant recurring operating losses or working capital deficiencies 2. Inability of the company to pay its obligations as they come due 3. Loss of major customers, the occurrence of uninsured catastrophes 4. Legal proceedings, legislation, that might jeopardize the entity’s ability to operate

Reports Involving Other Auditors 1. Make no reference in the audit report. 2. Make reference in the report (modified wording report). 3. Qualify the opinion.

Departures from an Unqualified Opinion 1. Scope limitation 2. GAAP departure 3. Auditor not independent

Materiality A misstatement in the financial statements can be considered material if knowledge of the misstatement would affect a decision of a reasonable user of the statements.

Materiality Decisions Failure to follow GAAP Audit report Unqualified Qualified opinion only Adverse