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Universitas Indonesia

Technology in audit engagements


A Case Study

KELOMPOK I:
Erni Br. Simanjuntak Joko Kisworo Widya Ningsih
PENDAHULUAN
Tujuan Penelitian
This paper aims to examine external auditor usage of technology
benefiting from a unique opportunity of reviewing a large CPA
firm’s audit work papers and interviewing their audit staff

Pertanyaan Penelitian
Do audit teams use the available technology tools?
What are the difficulties they find in their usage?
How can we integrate mediators into the audit teams to facilitate
usability?

Ruang Lingkup Penelitian


Comparing four audit engagements in a large audit firm: Insurance
Company, Bank Company, Chemical Company and Manufacturing
Company
METODOLOGY PENELITIAN
Cross-sectional
Adalah suatu penelitian untuk mempelajari dinamika korelasi
antara faktor-faktor resiko dengan efek, dengan cara pendekatan
observasi atau pengumpulan data sekaligus pada suatu saat (poin
time approach).

Descriptive analysis
penelitian yang menyajikan gambaran yang lengkap mengenai
seting sosial dan hubungan-hubungan yang terdapat dalam
penelitian.
Case-based field study
studi kasus (case study) adalah penelitian terinci yang dilakukan
peneliti tentang seseorang atau suatu unit selama kurun waktu
tertentu.
KERANGKA PENELITIAN

1. The IT infrastructure has to be audited


separately (by IT auditors).
2. All software works as specified by their
creators.
3. A small sample of walkthroughs is
sufficient to test all controls.
4. The auditor’s judgment is adequate for
risk assessment.
5. Best practices and professional
judgment are sufficient to select controls.
TEMUAN PENELITIAN
INDUSTRY INSURANCE CHEMICAL MANUFACTURER BANK

ERP system used Oracle SAP Oracle SAP


Characteristics of the Some presence year IT support team checks The company switched Audit team finds their
engagement round. Support IT team the internal controls ERPs in this period work facilitated by the
checks internal controls before they start the client having an ERP
and works with auditors audit. Auditors do not system because all the
throughout the audit. No request support of data is in the same
reliance on the technical teams because source. More consistency
company’s internal of their expertise with in the data
controls; they make their audit Software
own tests
Use of word processor Yes Yes Yes Yes
and spreadsheets Audit manager sometimes
prefers
manual reports
Use of email and Yes Yes Yes Yes
electronic file transfer Journal extraction Data extraction Data extraction Data extraction
Use of audit software performed by the client performed by the client performed by the performed by the
for data extraction with script provided by with script provided by client with script client with script
auditors. Auditors use auditors. Audit team uses provided by provided by
their own laptops own Laptops auditors auditors
TEMUAN PENELITIAN
INDUSTRY INSURANCE CHEMICAL MANUFACTURER BANK

Use of audit software Yes No No Yes


for SOD Data extraction done by Used in a pilot SOD.
the client with script Multiple rulebased
provided by auditors. errors. Managers would
Audit team uses own not rely on the results.
laptops Do not expect to use in
the future. If the internal
audit used it, they would
leverage their work only
if they could map the
risks with the financial
statements risks they are
worried about. Can get
same result with other
Tools
Use of software by Not mentioned Yes Yes Yes
forensic team To test manual The audit team engaged
transactions in forensic. They rely more
their own server on forensic than on
any tool they can use
themselves
KESIMPULAN PENELITIAN
Answer to Q1 and Q2:
it was found that the available tools were often not utilized or used on a very limited basis,
with very little perceived benefit.
Consistent with the iron triangle considerations, the cost of adoption and the time required to
effectively internalize and utilize the tool influenced levels of adoption and usability.

Answer to Question 3
It was found that the inclusion of an integrated IT support team assists auditors in
understanding and adjusting the tools, which helps at the time of adoption. The accounting
knowledge of the supporting IT consulting team manager facilitated adoption because of
better understanding of auditor needs. It seems that the complexity of current audits require
this integration so that the IT specialist engages in a discussion with the auditors to look for
their specific needs. This study may be used to extend awareness of the effect of team
relationships in audit engagements.

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