Design of a Risk-Based Review Program for the Audit of Governments Financial Statements Conducted by the Public Accountant for The Comptroller of the Supreme Audit Board of the Republic of Indonesia
- DOI
- 10.2991/apbec-18.2019.8How to use a DOI?
- Keywords
- audit engagement plan; government’s financial statements audit; Public Accountant; review program; risk-based internal audit
- Abstract
This research aims to propose a design of the review program for the audit of the Indonesian government’s financial statement, conducted by the Public Accountant for The Comptroller of Supreme Audit Board. This is a qualitative research paper with descriptive analysis. Interviews with the staff and manager of the Comptroller were carried out to understand the existing engagement plan process. Analysis of the data was used in the engagement plan process. The result shows that in preparing the engagement plan, The Comptroller did not use a risk-based approach and failed to identify the key risk of the audit process reviewed. Therefore, we propose implementing a risk-based approach for designing the review program. We arrange a risk assessment related to the quality assurance of the audit process of the government’s financial statements conducted by the Public Accountant on behalf of the Supreme Audit Board. We further determine the audit objective, audit scope, audit criteria, and audit procedures based on the risk assessment. This research produces a risk based review program in the midst of limited resources owned by the Supreme Audit Board’s Comptroller
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Yasmin Julianti AU - Bambang Pamungkas PY - 2019/07 DA - 2019/07 TI - Design of a Risk-Based Review Program for the Audit of Governments Financial Statements Conducted by the Public Accountant for The Comptroller of the Supreme Audit Board of the Republic of Indonesia BT - Proceedings of the Asia Pacific Business and Economics Conference (APBEC 2018) PB - Atlantis Press SP - 49 EP - 56 SN - 2352-5428 UR - https://doi.org/10.2991/apbec-18.2019.8 DO - 10.2991/apbec-18.2019.8 ID - Julianti2019/07 ER -