Audit Planning: Understand Client's Business & Industry

Audit Planning :
Understand Clients
Business & Industry
2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN
8-1
Why adequate audit planning

is essential.
8-2
Three Main Reasons for Planning

To
Toobtain
obtainsufficient
sufficientcompetent
competentevidence
evidence
for
forthe
thecircumstances
circumstances
To
Tohelp
helpkeep
keepaudit
auditcosts
costsreasonable
reasonable
To
Toavoid
avoidmisunderstanding
misunderstandingwith
withthe
theclient
client
8-3
Standar Pekerjaan Lapangan 1
Pekerjaan harus direncanakan sebaikbaiknya, dan jika digunakan asisten harus

disupervisi dengan semestinya.
sufficient competent evidence

reasonable audit cost
avoid missunderstanding with the client
8-4
Risk Terms
Acceptable
Acceptableaudit
auditrisk
risk
Inherent
Inherentrisk
risk
Auditor
akan
Auditor
akan
memberikan
memberikan opini,
opini, tdp
tdp
resiko
diberikan
resiko
diberikan
pendapat
pendapat WTP
WTP padahal
padahal
ada
ada material
material misstament
misstament
dalam
dalamLK
LK nya
nya
Setiap
Setiap Industri
Industri punya
punya
resiko
resiko yang
yang melekat
melekat
mis
mis garment
garment resiko
resiko
obsolence
obsolencekrn
krnout
outofofdate
date
8-5
Planning an Audit and Designing an Audit

Approach
Accept
Acceptclient
clientand
andperform
perform
Initial
Initialaudit
auditplanning.
planning.
Set
Setmateriality
materiality&&audit
auditrisk
risk
Understand
Understandthe
theclients
clients
business
businessand
andindustry.
industry.
Understand
Understandinternal
internalcontrol
control
&&assess
assesscontrol
controlrisk
risk
Assess
Assessclient
clientbusiness
businessrisk
risk
Gather
Gatherinformation
informationtoto
assess
assessfraud
fraudrisk
risk
Perform
Performpreliminary
preliminary
analytical
analyticalprocedures
procedures
Develop
Developoverall
overallaudit
auditplan
plan
&&audit
auditprogram
program
8-6
Make client acceptance

decisions and perform
initial audit planning.
8-7
Client Acceptance
and Initial Audit Planning
Berhubungan
Berhubungandengan
denganaktivitas
aktivitasyang
yangdilakukan
dilakukan
untuk
untukmemutuskan
memutuskanmenerima
menerimaatau
atau
menolak
menolakpenugasan
penugasan
New
Newclient
client
Continuing
Continuingclient
client
Ada cukup alasan Ada cukup alasan

untuk menerima ? untuk menolak ?
8-8
Steps in Client Acceptance

and Initial Audit Planning
Menilai
integritas
manajemen
Identifikasi
kondisi2
khusus
Menilai
kompetensi
auditor & staff
Menilai
independensi
auditor & staff
Menentukan
kemampuan
due care
Menyiapkan
engagement
letter
8-9
Initial Audit Planning

Get
Getclient
clientacceptance
acceptanceand
andcontinuance.
continuance.
Identify
Identifyclients
clientsreasons
reasonsfor
foraudit.
audit.
Obtain
Obtainan
anunderstanding
understandingwith
withthe
theclient.
client.
Select
Selectstaff
stafffor
forthe
theengagement.
engagement.
Evaluate
Evaluateneed
needfor
foroutside
outsidespecialists.
specialists.
8 - 10
Menilai Integritas Manajemen

Integritas manajemen berpengaruh terhadap
risiko error & fraud dalam proses akuntansi
darimana laporan keuangan dikembangkan.
Integritas manajemen rendah
Risiko error & fraud tinggi
Risiko audit tinggi
Penugasan hanya dapat

diterima jika auditor
memperoleh keyakinan
memadai bahwa
manajemen bersikap jujur.
8 - 11
Menilai Integritas Manajemen

Prosedur Audit :
Klien Baru :
Komunikasi dengan prodecessor
Inquires to others (pengacara, bankers, kadin,
BAPEPAM)
Review berita (majalah, surat kabar, etc)
Klien lama
Review kertas kerja audit yl.
Inquires to clients key personnel
8 - 12
Mengidentifikasi kondisi2 khusus

Harapan users terhadap laporan keuangan audited
Prosedur audit :
Diskusikan dengan manajemen klien
Kemungkinan klien menghadapi masalah hukum
Prosedur audit :
Review notulen rapat
Diskusikan dengan penasehat hukum klien.
Stabilitas keuangan klien (going concern)
Prosedur audit : Analytical procedures
Auditability
Prosedur audit :
Inspeksi catatan akuntansi
Review internal control
8 - 13
Menilai Kompetensi & Independensi

Standar Umum # 1 : Kompetensi
Menentukan tim audit yang memenuhi kualifikasi

keahlian teknis & pengalaman yang dibutuhkan.
Mempertimbangkan perlu tidaknya tenaga
specialists
Standar Umum # 2 : Independensi.
Mengidentifikasi hubungan bisnis/finansial staff audit

dengan klien
Memastikan bahwa penugasan tidak menimbulkan
konflik dengan klien lain.
8 - 14
Menilai Kemampuan untuk Due Care

Standar Umum # 3 & Kode Etik.
Review kritis pada setiap tingkat supervisi atas
pelaksanaan audit & judgment yang digunakan.
Faktor2 yang menentukan :

1.Waktu penugasan
Sebelum tanggal neraca
Setelah tanggal neraca
2.Skedul Pekerjaan Lapangan
Interim audit
Year-end audit
8 - 15
Engagement Letter
Dokumentasi penerimaan auditor atas penugasan audit.
Isi Pokok :
Identifikasi perusahaan & laporan keuangan yang diaudit

Tujuan audit
Tanggungjawab manajemen
Lingkup audit
Bentuk laporan
Keterbatasan audit
Informasi tentang kelemahan internal control klien
Akses ke catatan, dokumentasi, & informasi lainnya
Audit fee
Bantuan pegawai klien
Lihat PSA 55 (SA Seksi 320).

8 - 16
Gain an understanding of the

clients business and industry.
8 - 17
Understanding of the Clients Business

and Industry
Faktor
Faktorapa
apayang
yangmenyebabkan
menyebabkanpemahaman
pemahaman
bisnis
bisnisklien
klienmenjadi
menjadisemakin
semakinpenting
penting??
Information
Information
technology
technology
Pemrosesan
Pemrosesandata
datasudah
sudahEDP
EDP
possibility
possibilityerror
error(-)
(-)asal
asalEDP
EDPreliable
reliable
test
testreliabilitynya
reliabilitynya
Global
Globaloperations
operations
Client
ClientMNC
MNC
Subsidiary
SubsidiarydidiCina
Cina
konsolidasi,
konsolidasi,Cina
CinaGAAP
GAAP??
Human
Humancapital
capital
Client
Clientpakai
pakaifair
fairvalue
value
punya
punya
appraisal
appraisalyg
yghandal?
handal?
8 - 18
Understanding of the Clients Business

and Industry
Understand
Understandclients
clientsbusiness
businessand
andindustry.
industry.
Industry
Industryand
andexternal
externalenvironment
environment
Business
Businessoperations
operationsand
andprocesses
processes
Management
Managementand
andgovernance
governance
Objectives
Objectivesand
andstrategies
strategies
Measurement
Measurementand
andperformance
performance
8 - 19
Industry and External Environment
What
Whatare
aresome
somereasons
reasonsfor
forobtaining
obtainingan
an
understanding
understandingof
of the
theclients
clientsindustry
industry
and
andexternal
externalenvironment?
environment?
1.
1.Risks
Risksassociated
associatedwith
withspecific
specificindustries
industries
2.
2.Inherent
Inherentrisks
riskscommon
commonto
toall
allclients
clientsinin
certain
certainindustries
industries
3.
3.Unique
Uniqueaccounting
accountingrequirements
requirements
8 - 20
Business Operations and Processes

Factors
Factorsthe
theauditor
auditorshould
shouldunderstand:
understand:
Major
Majorsources
sourcesof
ofrevenue
revenue
make
makesense
sensetidak
tidaknilai
nilai
revenue
revenuedg
dgjenis
jenisindustrinya
industrinya
Key
Keycustomers
customersand
andsuppliers
suppliers(customer
(customer&&supplier
supplier
related
relatedparty
party
transfer
transferpricing)
pricing)
Sources
Sourcesof
offinancing
financing
tendensi
tendensimoney
money
laundering?
laundering?
Information
Informationabout
aboutrelated
relatedparties*
parties*
--Ability
Abilityto
toobtain
obtainfinancing
financing
low
lowbalance
balancecash,
cash,
minimum
minimumaset
aset
tdk
tdkmgk
mgkdpt
dptpinjaman
pinjamandr
drbank,
bank,
continuity
continuityoperation
operation(tms
(tmsbayar
bayarfee
feeaudit
audit?)
?)
8 - 21
Management and Governance

Management
Managementestablishes
establishesthe
thestrategies
strategiesand
and
processes
processesfollowed
followedby
bythe
theclients
clientsbusiness.
business.
Governance
Governanceincludes
includesthe
theclients
clientsorganizational
organizational
structure,
structure,as
aswell
wellas
asthe
theactivities
activitiesof
ofthe
theboard
board
of
ofdirectors
directorsand
andthe
theaudit
auditcommittee.
committee.
Corporate
Corporatecharter
charterand
andbylaws
bylaws
Code
Codeof
ofethics
ethics
Meeting
Meetingminutes
minutes
8 - 22
Client Objectives and Strategies

Strategies
Strategiesare
areapproaches
approachesfollowed
followedby
bythe
the
entity
entityto
toachieve
achieveorganizational
organizationalobjectives.
objectives.
Auditors
Auditorsshould
shouldunderstand
understandclient
clientobjectives
objectives
related
relatedto
to::
Financial
Financialreporting
reportingreliabilityreliability-warranty
warranty
Effectiveness
Effectivenessand
andefficiency
efficiencyof
ofoperations
operations
Compliance
Compliancewith
withlaws
lawsand
andregulations
regulations
8 - 23
Measurement and Performance

The
Theclients
clientsperformance
performancemeasurement
measurementsystem
system
includes
includeskey
keyperformance
performanceindicators.
indicators.Examples:
Examples:
market
marketshare
share
sales
salesper
peremployee
employee
unit
unitsales
salesgrowth
growth
Mis
Mis :: jika
jika pemberian
pemberian
kompensasi
karyawan
kompensasi
karyawan
dikaitkan
dikaitkandengan
denganbesarnya
besarnya
sales
sales
resiko
resiko fiktif
fiktif sales
sales
++
Performance
Performancemeasurement
measurementincludes
includesratio
ratioanalysis
analysisand
and
benchmarking
benchmarkingagainst
againstkey
keycompetitors
competitors
analyze
analyzecontinuity
continuity
8 - 24
Assess client business risk.
8 - 25
Assess Client Business Risk

Client
Clientbusiness
businessrisk
riskisisthe
therisk
riskthat
thatthe
the
client
clientwill
willfail
failto
toachieve
achieveits
itsobjectives.
objectives.
What
Whatisisthe
theauditors
auditorsprimary
primaryconcern?
concern?
material
materialmisstatements
misstatementsininthe
thefinancial
financial
statements
statementsdue
dueto
toclient
clientbusiness
businessrisk
risk
8 - 26
Assess Client Business Risk

The
TheSarbanes-Oxley
Sarbanes-OxleyAct
Actrequires
requiresthat
that
management
managementcertify
certifyitithas
hasdesigned
designed
disclosure
disclosurecontrols
controlsand
andprocedures
proceduresto
to
ensure
ensurethat
thatmaterial
materialinformation
informationabout
about
business
businessrisks
risksisismade
madeknown
knownto
tothem.
them.
ItItalso
alsorequires
requiresthat
thatmanagement
managementcertify
certify
itithas
hasinformed
informedthe
theauditor
auditorand
andaudit
audit
committee
committeeof
ofany
anysignificant
significantdeficiencies
deficiencies
inininternal
internalcontrol.
control.
8 - 27
The Clients Business, Risk, and

Auditors Risk Assessment
Understand
Understandclients
clients
business
and
business andindustry.
industry.
Assess
Assessclient
clientbusiness
business
risk.
risk.
Assess
Assessrisk
riskof
ofmaterial
material
misstatements.
misstatements.
Industry
Industryand
andexternal
externalenvironment
environment
Business
Businessoperations
operationsand
andprocesses
processes
Management
Managementand
andgovernance
governance
Objectives
Objectivesand
andstrategies
strategies
Measurement
Measurementand
andperformance
performance
8 - 28
Enterprise Risk Management

Enterprise
Enterpriserisk
riskmanagement
management(ERM)
(ERM)has
has
emerged
emergedas
asaanew
newparadigm
paradigmfor
formanaging
managingrisk.
risk.
ERM
ERMintegrates
integratesand
andcoordinates
coordinatesrisk
risk
management
managementacross
acrossthe
theentire
entireenterprise.
enterprise.
Mis
Mis :: jkjk client
client telah
telah menerapkan
menerapkan ERM,
ERM, auditor
auditor bisa
bisa
meminta
meminta hasilnya
hasilnya (map
(map risk)
risk) sbg
sbg salah
salah satu
satu sumber
sumber
informasi
informasi
Go look
it up!
8 - 29
Perform preliminary analytical

procedures.
8 - 30
Preliminary Analytical Procedures

Comparison
Comparisonof
ofclient
clientratios
ratiosto
toindustry
industry
or
orcompetitor
competitorbenchmarks
benchmarksprovides
providesan
an
indication
indicationof
ofthe
thecompanys
companysperformance.
performance.
Analytical
Analyticalprocedures
proceduresare
arealso
alsoan
animportant
important
part
partof
oftesting
testingthroughout
throughoutthe
theaudit.
audit.
8 - 31
Examples of Planning Analytical Procedures

Selected Ratios
Client
Industry
Short-term
Short-termdebt-paying
debt-payingability:
ability:
Current
Currentratio
ratio
3.86
3.86
5.20
5.20
Liquidity
Liquidityactivity
activityratio:
ratio:
Inventory
Inventoryturnover
turnover
3.36
3.36
5.20
5.20
Ability
Abilityto
tomeet
meetlong-term
long-termobligations:
obligations:
Debt
Debtto
toequity
equity
1.73
1.73
2.51
2.51
Profitability
Profitabilityratio:
ratio:
Profit
Profitmargin
margin
0.05
0.05
0.07
0.07
Is client in a better condition?

8 - 32
Summary of the Purposes

of Auditing Planning
AAmajor
majorpurpose
purposeisisto
togain
gainan
anunderstanding
understanding
of
ofthe
theclients
clientsbusiness
businessand
andindustry.
industry.
8 - 33
Key Parts of Planning

Accept
Acceptclient
clientand
andperform
perform
initial
initialplanning
planning
New
Newclient
client
acceptance
acceptanceand
and
continuance
continuance
Obtain
Obtainan
an
understanding
understanding
with
withclient
client
Identify
Identifyclients
clients
reasons
reasonsfor
foraudit
audit
Staff
Staffthe
the
engagement
engagement
8 - 34

Understand
Understandthe
theclients
clients
business
businessand
andindustry
industry
Understand
Understandclients
clients
industry
industryand
andexternal
external
environment
environment
Understand
Understandclients
clients
operations,
operations,strategies,
strategies,
and
andperformance
performance
system
system
8 - 35

Assess
Assessclient
clientbusiness
businessrisk
risk
Assess
Assessclient
client
business
businessrisk
risk
Assess
Assessrisk
risk
of
ofmaterial
material
misstatements
misstatements
Evaluate
Evaluatemanagement
managementcontrols
controls
affecting
affectingbusiness
businessrisk
risk
8 - 36

Perform
Performpreliminary
preliminaryanalytical
analyticalprocedures
procedures
8 - 37
Analytical Procedures
Analytical
Analyticalprocedures
proceduresuse
usecomparisons
comparisonsand
and
relationships
relationshipsto
toassess
assesswhether
whetheraccount
account
balances
balancesor
orother
otherdata
dataappear
appearreasonable.
reasonable.
SAS
SAS56
56emphasizes
emphasizesthe
theexpectations
expectations
developed
developedby
bythe
theauditor.
auditor.
8 - 38
Timing and Purposes of Analytical

Procedures
(Required)
Planning Phase
Purpose
Understand clients
industry and business
Primary purpose
Assess going concern
Secondary purpose
Indicate possible misstatements

(attention directing)
Primary purpose
Reduce detailed tests
Secondary purpose
8 - 39

Procedures
Purpose
Understand clients
Testing Phase

Secondary purpose
Primary purpose
8 - 40

Procedures
Purpose
Understand clients
(Required)
Completion Phase
Secondary purpose

Primary purpose

8 - 41
Learning Objective 7
Select
the most appropriate

analytical procedure from
among the five major types.
8 - 42
Five Types of Analytical

Procedures
1.
1.Compare
Compareclient
clientand
andindustry
industrydata.
data.
2.
2.Compare
Compareclient
clientdata
datawith
withsimilar
similarprior
priorperiod
perioddata.
data.
3.3.Compare
Compareclient
clientdata
datawithclient-determined
withclient-determined
expected
expectedresults
results(compare
(comparebudget
budget&&actual)
actual)
4.4.Compare
Compareclient
clientdata
datawith
withauditor-determined
auditor-determined
expected
expectedresults.
results.
5.
5.Compare
Compareclient
clientdata
datawith
withexpected
expectedresults,
results,using
using
nonfinancial
nonfinancialdata.
data.
8 - 43
Compare Client and Industry Data

Client
2005
2004
Industry
2005
2004
Inventory
3.5
3.9
3.4
Inventoryturnover
turnover 3.4
3.4
3.5
3.9
3.4
Gross
26.3%
Grossmargin
margin
26.3% 26.4%
26.4% 27.3%
27.3% 26.2%
26.2%
8 - 44
Compare Client Data with Similar

Prior Period Data
2004
(000)
% of
Prelim. Net sales
Net
Netsales
sales
Cost
Costof
ofgoods
goodssold
sold
Gross
Grossprofit
profit
Selling
Sellingexpense
expense
Administrative
Administrativeexpense
expense
Other
Other
Earnings
Earningsbefore
beforetaxes
taxes
Income
Incometaxes
taxes
Net
Netincome
income
$143,086
$143,086 100
100.0.0
103,241
103,241 72
72.1.1
$$ 39,845
39,845 27.9
27.9
14,810
14,810 10
10.3.3
17,665
17,665 12.4
12.4
1,689
11.2.2
1,689
$$ 5,681
4.0
5,681
4.0
1,747
1.2
1,747
1.2
$$ 3,934
2.8
3,934
2.8
2003
(000)
% of
Prelim. Net sales
$131,226
$131,226 100.0
100.0
94,876
94,876 72.3
72.3
$$ 36,350
36,350 27.7
27.7
12,899
9.8
12,899
9.8
16,757
16,757 12.8
12.8
2,035
1.6
2,035
1.6
$$ 4,659
3.5
4,659
3.5
1,465
1.1
1,465
1.1
$$ 3,194
2.4
3,194
2.4
8 - 45
Learning Objective 8
Compute
common financial
ratios.
8 - 46
Common Financial Ratios

Short-term
Short-termdebt-paying
debt-payingability
ability
Liquidity
Liquidityactivity
activityratios
ratios
Ability
Abilityto
tomeet
meetlong-term
long-termdebt
debtobligations
obligations
Profitability
Profitabilityratios
ratios
8 - 47
Short-term Debt-paying Ability

Cash
Cashratio:
ratio:
(Cash
(Cash++Marketable
Marketablesecurities)
securities)Current
Currentliabilities
liabilities
Quick
Quickratio:
ratio:
(Cash
(Cash++Marketable
Marketablesecurities
securities
++Net
Netaccounts
accountsreceivable)
receivable)Current
Currentliabilities
liabilities
Current
Currentratio:
ratio:
Current
Currentassets
assetsCurrent
Currentliabilities
liabilities
8 - 48
Liquidity Activity Ratios

Accounts
Accountsreceivable
receivableturnover:
turnover:
Net
Netsales
salesAverage
Averagegross
grossreceivables
receivables
Days
Daysto
tocollect
collectreceivables:
receivables:
365
365days
daysAccounts
Accountsreceivable
receivableturnover
turnover
Inventory
Inventoryturnover:
turnover:
Cost
Costof
ofgoods
goodssold
soldAverage
Averageinventory
inventory
Days
Daysto
tosell
sellinventory:
inventory:
365
365days
daysInventory
Inventoryturnover
turnover
8 - 49
Ability to Meet Long-term Debt

Obligation
Debt
Debtto
toequity:
equity:
Total
Totalliabilities
liabilitiesTotal
Totalequity
equity
Times
Timesinterest
interestearned:
earned:
Operating
Operatingincome
incomeInterest
Interestexpense
expense
8 - 50
Profitability Ratios
Earnings
Earningsper
pershare:
share:
Net
Netincome
incomeAverage
Averagecommon
commonshares
sharesoutstanding
outstanding
Gross
Grossprofit
profitpercent:
percent:
(Net
(Netsales
salesCost
Costof
ofgoods
goodssold)
sold) Net
Netsales
sales
Profit
Profitmargin:
margin:
Operating
Operatingincome
incomeNet
Netsales
sales
8 - 51
Profitability Ratios
Return
Returnon
onassets:
assets:
Income
Incomebefore
beforetaxes
taxesAverage
Averagetotal
totalassets
assets
Return
Returnon
oncommon
commonequity:
equity:
(Income
(Incomebefore
beforetaxes
taxesPreferred
Preferreddividends)
dividends)
Average
Averagestockholders
stockholdersequity
equity
8 - 52
Summary of Analytical Procedures

They
Theyinvolve
involvethe
thecomputation
computationof
ofratios
ratios
and
andother
othercomparisons
comparisonsof
ofrecorded
recorded
amounts
amountsto
toauditor
auditorexpectations.
expectations.
They
Theyare
areused
usedininplanning
planningto
tounderstand
understand
the
theclients
clientsbusiness
businessand
andindustry.
industry.
They
Theyare
areused
usedthroughout
throughoutthe
theaudit
auditto
toidentify
identify
possible
possiblemisstatements,
misstatements,reduce
reducedetailed
detailedtests,
tests,
and
andto
toassess
assessgoing-concern
going-concernissues.
issues.
8 - 53
End of Chapter 8
8 - 54
End
8 - 55

Audit Planning: Understand Client's Business & Industry

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Audit Planning: Understand Client's Business & Industry

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Audit Planning :

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Why adequate audit planning

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Three Main Reasons for Planning

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Standar Pekerjaan Lapangan 1

Pekerjaan harus direncanakan sebaikbaiknya, dan jika digunakan asisten harus

sufficient competent evidence

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Planning an Audit and Designing an Audit

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Make client acceptance

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Ada cukup alasan Ada cukup alasan

Steps in Client Acceptance

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Initial Audit Planning

Menilai Integritas Manajemen

Penugasan hanya dapat

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Menilai Integritas Manajemen

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Mengidentifikasi kondisi2 khusus

Menilai Kompetensi & Independensi

Menentukan tim audit yang memenuhi kualifikasi

Standar Umum # 2 : Independensi.

Mengidentifikasi hubungan bisnis/finansial staff audit

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Menilai Kemampuan untuk Due Care

Faktor2 yang menentukan :

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Identifikasi perusahaan & laporan keuangan yang diaudit

Lihat PSA 55 (SA Seksi 320).

Gain an understanding of the

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Understanding of the Clients Business

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Understanding of the Clients Business

Industry and External Environment

Business Operations and Processes

Management and Governance

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Client Objectives and Strategies

Measurement and Performance

Assess client business risk.

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Assess Client Business Risk

Assess Client Business Risk

The Clients Business, Risk, and

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Enterprise Risk Management

Perform preliminary analytical

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Preliminary Analytical Procedures

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Examples of Planning Analytical Procedures

Is client in a better condition?

Summary of the Purposes

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN

Key Parts of Planning

2010 FAKULTAS EKONOMI UNIVERSITAS PADJADJARAN