Scribd Logo
Încărcați

Bine ați venit la Scribd!

  • Audit of Fixed Asset Assignment Lab 5

    Încărcat de

    Ana Nurfaizah
    7 vizualizări1 pagină
    This document outlines an audit assignment of fixed assets for a company called PT ATA. It includes definitions of key terms, depreciation methods, characteristics of a fixed asset audit, the business purpose of such an audit, important internal controls, and testing procedures. It also provides a case study where the auditor found incorrect balances and transactions that need adjusting, including a building and land recorded as one asset, and damaged vehicles still on the books. The auditor must investigate and make the proper adjustments.

    Descriere originală:

    l

    Titlu original

    Tugas Lab 5

    Drepturi de autor

    © © All Rights Reserved

    Formate disponibile

    PDF, TXT sau citiți online pe Scribd

    Vi se pare util acest document?

    Este necorespunzător acest conținut?

    Raportați acest document
    This document outlines an audit assignment of fixed assets for a company called PT ATA. It includes definitions of key terms, depreciation methods, characteristics of a fixed asset audit, the business purpose of such an audit, important internal controls, and testing procedures. It also provides a case study where the auditor found incorrect balances and transactions that need adjusting, including a building and land recorded as one asset, and damaged vehicles still on the books. The auditor must investigate and make the proper adjustments.

    Drepturi de autor:

    © All Rights Reserved
    Descărcați ca PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    7 vizualizări1 pagină

    Audit of Fixed Asset Assignment Lab 5

    Încărcat de

    Ana Nurfaizah
    This document outlines an audit assignment of fixed assets for a company called PT ATA. It includes definitions of key terms, depreciation methods, characteristics of a fixed asset audit, the business purpose of such an audit, important internal controls, and testing procedures. It also provides a case study where the auditor found incorrect balances and transactions that need adjusting, including a building and land recorded as one asset, and damaged vehicles still on the books. The auditor must investigate and make the proper adjustments.

    Drepturi de autor:

    © All Rights Reserved
    Descărcați ca PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    din 1

    ASSIGNMENT LAB 5 :

    AUDIT OF FIXED ASSET

    A. Please create a summary with the following key points :


    1. Definition of fixed asset (based on PSAK 16)
    2. Depreciation method
    3. Characteristics of audit of fixed asset
    4. Business function of audit of fixed asset (Inc. related accounts and documents)
    5. Internal Control
    6. Test performed in audit of fixed asset

    B. Case
    For the first time, PT ATA hired a public accountant to perform audit of its financial
    statement in 2015. Jerry as the auditor who responsible to perform the audit found incorrect
    balance of fixed asset. In order to investigate, jerry do some inquiry to Mr. Anyo as the chief
    accountant of PT ATA. These are the following informations:
     In 2014, PT ATA bought a building worth IDR800 million above a plot of land used as a
    garage for its transport vehicle. The building and land are recorded as one account not
    separated. Depreciation method used is a straight-line method with an economic life of 20
    years. The land itself was worth for IDR200 millions.
     In 2014, a fire broke out and damaged four vehicles owned by PT ATA so that the
    vehicles could no longer be used. The vehicles worth for IDR450 millions but still
    recorded in the books.

    As an auditor, please make adjustment to those incorrect recording of transaction above!

    S-ar putea să vă placă și