UNDERGRADUATE PROGRAM UNIVERSITAS INDONESIA

FACULTY OF ECONOMICS AND BUSINESS

DEPARTEMENT OF ACCOUNTING
SYLLABUS
PENGAUDITAN 2 (AUDITING 2)
Ver AACSB format final
ACCT 14103
SEMESTER II 2015/2016
No.
1
2
3
4
5
6
7
8
9

Lecturers
Yanto Kamarudin /
Aria Kanaka - A
Soemarso S. Rahardjo- B
Dudi Hadisantoso /
Mawar I.R. Napitupulu - C
Ahmadi Hadibroto /
Eliza Fatimah - (Bhs. Inggris) - D
Dedi Sukrisnadi /
HendangTanusdjaja - E
Robert P. Tobing - F
Theo M.Tuanakota - G
Ludovicus Sensi W/
Desi Adhariani - H
AgungNugroho - I

E-mail
yanto.kamarudin@id.pwc.com/
ariakanaka@yahoo.com
soemarso_s.rahardjo@yahoo.com
dudihadisantoso@yahoo.com/
mawar.napitupulu@rsmindonesia.id
ahadibroto@gmail.com/
elisa_fatima@yahoo.com
dedys@rsm.aajassociates.com
/ hendangt@gmail.com
robert.tobing@gmail.com
theotuanakotta@yahoo.com
iswondabio@moorestephens.co.id
desiadharis@gmail.com
asoedibyo@gmail.com

Subject Code
Subject Title
Credit Value
Year
Pre-requisite/
Co-requisite/
Exclusion
Role and
Purposes

ACCT 14103
Auditing 2
3
3
Auditing 1

Subject
Learning
Outcomes

Upon completion of the subject, student will be able to:

Auditing 1: Describe the objectives and stages involved in performing
an audit of financial statements (T1)
Auditing 2:
a) Apply relevant auditing standards and applicable laws and
regulations to an audit of financial statements. (T2)
b) Assess the risks of material misstatement in the financial

This course is a part of the Auditing and Assurance Services class

which consists of the Auditing 1 and Auditing 2. This course aims to
provide understanding of risk-based approach to the audit of financial
statements. This course also covers the topics of auditors report and
other services which can be provided by auditors. Based on the
understanding of risk and internal control, students are expected to
learn how to design the appropriate and relevant audit strategy, audit
planning, and audit procedures.

statements and consider the impact on the audit strategy. (T3)

c) Apply quantitative methods that are used in audit engagements.
(T4)
d) Explain the key elements of assurance engagements and
applicable standards that are relevant to such engagements.(T5)
Critical thinking (TLA only)
e) Provide arguments and
appropriate-evidence
Communication Skills (TLA only)
f) Communicate clearly and
discussion
Subject
Synopsis/
Indicative
Syllabus

draw

conclusions

concisely

in

supported

presentation

by

and

Week #

Topic and Sub-Topic

LO

Required
reading

1
Studium
Generale

ISA, Professional Skepticism

and Risk-Based approach
1.1 IFAC dan IAASB
1.2
Professional
Standards
issued by IAASB
1.3 ISA
1.4 Professional Skepticism
1.5 Risk-based approach to
audit

a
b
c

SC chap. 7,4,13
IAASB Handbook
ISA 200, 240
IGSM chap.5
TMT bab 1

2
Lecturing

Assurance
Engagement,
Internal
Audit,
Audit
Evidence
2.1 Assurance engagement
2.2 Reliance on internal audit
by external auditors
2.3 The audit is defined as a
search for evidence to enable
an opinion to be formed
2.4 The exercise of judgement,
based on evidence
2.5 Reliability of audit evidence
(grade of audit evidence)
2.6 The stage of audit process
and the evidence requirements
at each stage

c
d

IGSM chap. 6,
15
SC chap. 18, 19
ISA 500, 501
ISA 601 (revisi
2013)

3
Lecturing

Testing and Evaluation of

System
3.1 Sales and debtors
3.2 Payroll systems
3.3
Purchase
and
credit
systems
3.4 General and application
control in sales system
3.5 Test of control

c
d

IGSM chap. 9
Arens chap. 15

Week #

Topic and Sub-Topic

LO

Required
reading

3.6 Evaluation of system and

audit conclusion
4
Lecturing

Substantive
Testing,
Computer-assisted
audit
techniques
and
audit
program
4.1 substantive testing of
transactions, account balances
and disclosures
4.2 the use of software
4.3 directional testing
4.4 substantive audit program
4.5 communication of audit
matters with TCWG
4.6 audit management with
computers

c
d

IGSM chap. 10

5
Lecturing

Sampling and materiality

5.1 why sampling
5.2 designing and selecting the
sample
5.3
sample
selection
methodology
5.4 evaluation of test result
5.5 monetary unit sampling
5.6
alternative
statistical
sampling method

a
b
c

IGSM chap11
SC chap 23
ISA 530
TMT chap. 28

6
Lecturing

Fraud
and
Financial
shenanigans
6.1 responsibility for fraud
detection
6.2 recent debates relating to
fraud
6.3
earnings
manipulation
shenanigans
6.4 cash flow shenanigans
6.5
fraud
and
financial
statements
6.6 management responsibility
6.7 auditor responsibility

b
d

IGSM chap. 17
HMS part 2, 3
ISA 240

7
Group
Presentati
on

Each group choose different

topic and case study from
session 1-6.
Structure of group paper and
presentation: 1) the theoretical
background and 2) discussion
of case study.

Week #

Topic and Sub-Topic

LO

Required
reading

MID TEST (covers materials from session 1-6)

8
Lecturing

9
Lecturing

10
Lecturing

11
Lecturing

12
Lecturing

Final Work Part I

8.1 Pre final work
8.2 Balance sheet date work
8.3
Bridging
between
conclusion of interim work with
the balance sheet date work
8.4 Related party
8.5 Analytical Procedures
Final Work Part II
9.1 Detailed final audit works
9.2 Tangible noncurrent assets
and depreciation
9.3 Trade receivables and sales
9.4 Acquisition and Payment
Cycles
9.5 Capital Acquisition and
payment cycle
9.6
Cash
and
financial
instrument
Final
Work

Specific
Problems
10.1
Auditing
accounting
estimates,
fair
value
and
disclosures
10.2 Inventories
10.3 Valuation of construction
contract
Final
review
(audit
completion)
11.1 post balance sheet events
11.2 contingent liabilities and
contingent assets
11.3 Going concern:
11.3.1 directors and auditors
responsibilities
for
going
concerns
11.3.2 reporting on going
concern
11.4
management
representation letter
11.5 audit documentation
11.6 role of final review
Auditors report and special
report
12.1 Auditors reports
12.1.1 Forming an opinion on
the financial statement

b
c
d

IGSM chap. 12
SC chap
20,22,25
ISA 505, 520
550

b
c
d

IGSM chap. 12
Arens chap. 18,
22, 23

b
c
d

SC chap. 24
ISA 540
IGSM chap. 13

b
c
d

IGSM chap. 14,

17 (page 676,
677, 683)
SC chap.
26,27,28
ISA 560, 570,
580
Arens chap. 24

SC chap.
29,32,35, 37,38
ISA
600,700,710,
800, 805

Week #

13
Studium
Generale

14
Group
Presentati
on

Topic and Sub-Topic

12.1.2 Corresponding figures
and comparative figures
12.1.3 Audit of group financial
statements
12.2 Special reports
12.2.1
audit
of
financial
statements
prepared
in
accordance
with
special
purposes framework
12.2.2 audit of single financial
statement
and
specific
element, account, or item of a
financial statement.
ISRE and ISAE
13.1 engagement to review
historical financial statements
13.2 review of interim financial
information performed by the
independent auditor of the
entity
13.3 assurance engagements
on greenhouse gas statements
Each group choose different
topic and case study from
session 8-13.

LO

Required
reading

ISRE 2400, 2410

ISAE 3410

Structure of group paper and

presentation:
1)
the
theoretical background and 2)
discussion of case study.
FINAL TEST (covers material from session 8-13)
Teaching/Learni
ng Methodology

Teaching method uses active lecturing and class discussions, in which

students achieve the study objectives by presenting and discussing
cases under the guidance of lecturer. Cases are taken from the text
book.
There are also public lecture / studium generale for all classes which
have to be attended by all students and lecturers. Each student has to
prepare and submit the report about important and interesting things
obtained from the public lecture.

Assessment
Method in
Alignment with
Intended
Learning
Outcomes

Details of
learning
methods

Student Study
Effort Expected

Reading List
and
References

Specific
Assessment
Methods/Tasks

%
Weightin
g

Intended Learning
Outcomes to be Assessed
a

Continuous
Assessment
GROUP
Group paper
INDIVIDUAL
Mid Term Exam

100%
15%
25%

Final Exam

25%

Lab

20%

Presentation and
participation

15%

25
%
25
%
20
%

25
%
25
%
60
%

25
%
25
%
20
%

25
%
25
%

The specific learning methods used in this subject are:

1. Lecturing
2. Group Presentation and Discussion
Each group should prepare presentations of selected cases taken
from text book.
3. Public lecture / studium generale in session 1 and 13. Each student
should prepare a report containing important and interesting
things obtained from the public lecture session.
Class Contacts:
Lectures
Presentation ad discussion
Sub Total
Other student study effort:
Preparation for project/assignment/tests
Total

28 Hours
2 Hours
30 Hours
20 Hours
50 Hours

Required Readings:
1. Ian Gray, Stuart Manson, The audit Process Principles,
Practices and Cases,Thomson (IGSM)
2. Steven Colling, Interpretation and Application of International
Standards, John Willey & Sons (SC)
3. Tuanakotta,Theodorus M, Audit Kontemporer, Penerbit Salemba
Empat,2015 (TMT 2 )
Supplementary Readings:
1. Handbook of International Quality Control, Review, Auditing,
Other Assurance, and Related Services Pronouncements, 2014,
IAASB (Handbook IAASB)
2. Standar Auditing (Adopsi ISA) IAPI (SA)
3. Howard M, Shilit, Financial shenanigans, McGraw Hill (HMS)
4. Tuanakotta, Theodorus M, Audit berbasis ISA,Penerbit Salemba

Empat, 2013 (TMT)

5. Tuanakotta,Theodorus M, Mendeteksi Manipulasi Laporan
Keuangan, Penerbit Salemba Empat,2013 (TMT 1)
6. Arens, Alvin, Beasley, Elder, Auditing and Assurance services
an integrated approach. Global Edition. Pearson Education
Limited 2014 (Arens)