Evaluasi Penerapan Tahun Pertama Berlakunya Standar Audit (SA 701) Pengomunikasian Hal Audit Utama
Abstract
Auditing Standards (SA) 701 in Indonesia are effective for the implementation of general audits of issuers' financial statements in the period starting January 1 2022. The research aims to evaluate the implementation of the first year of SA 701 coming into force. The research was conducted at KAP ABC, which is one of the KAPs in Indonesia. The data in this research uses primary data and secondary data. Primary data was obtained through semi-structured interviews, while secondary data was in the form of audit policies and procedures from KAP ABC. The research results show that KAP ABC is able to implement SA 701 well even though its international affiliate does not provide an audit methodology. The obstacles faced by KAP ABC in implementing SA 701 are communication with parties responsible for governance and management regarding main audit matters, as well as the formulation of paragraphs on main audit matters in the auditor's report. Regarding the implementation of the audit, there were no significant changes to the audit process, considering that the overall audit process carried out was still the same.
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References
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Prasad, P., & Chand, P. (2017). The Changing Face of the Auditor’s Report: Implications for Suppliers and Users of Financial Statements. Australian Accounting Review, 27(4), 348–367. https://doi.org/10.1111/auar.12137
Segal, M. (2019). Key audit matters: insight from audit experts. Meditari Accountancy Research, 27(3), 472–494. https://doi.org/10.1108/MEDAR-06-2018-0355
Yoga, B., & Dinarjito, A. (2021). The Impact of Key Audit Matters Disclosure on Communicative Value of The Auditor’s Report: A Systematic Literature Review. Jurnal Akuntansi Dan Keuangan Indonesia, 18(1), 15–32. https://doi.org/10.21002/jaki.2021.02
Arens, A. A., Elder, R. J., Beasley, M. S., & Hogan, C. E. (2017). Auditing and Assurance Services: An Integrated Approach. Sixteenth Edition.
Aronmwan, E., Ashafoke, T., & Mgbame, C. (2013). Audit Firm Reputation and Audit Quality. European Journal of Business and Management, 5, 66–75.
Bédard, J., Coram, P., Espahbodi, R., & Mock, T. (2016). Does Recent Academic Research Support Changes to Audit Reporting Standards? Accounting Horizons, 30. https://doi.org/10.2308/acch-51397
Boolaky, P. K., & Quick, R. (2016). Bank Directors’ Perceptions of Expanded Auditor’s Reports. International Journal of Auditing, 20(2), 158–174. https://doi.org/https://doi.org/10.1111/ijau.12063
Gilson, R. J., & Gordon, J. N. (2003). Controlling Controlling Shareholders. University of Pennsylvania Law Review, 152(2), 785–843. https://doi.org/10.2307/3313035
IAASB. (2015). International Standard on Auditing 701 Communicating Key Audit Matters in The Independent Auditor’s Report. https://www.iaasb.org/publications/international-standard-auditing-isa-701-new-communicating-key-audit-matters-independent-auditors
IAPI. (2021a). Standar Audit 260 (Revisi 2021) Komunikasi dengan Pihak yang Bertanggung Jawab atas Tata Kelola. http://www.iapi.or.id
IAPI. (2021b). Standar Audit 700 (Revisi 2021) Perumusan Suatu Opini dan Pelaporan atas Laproan Keuangan. http://www.iapi.or.id
IAPI. (2021c). Standar Audit 701 (2021) Pengomunikasian Hal Audit Utama dalam Laporan Auditor Independen. http://www.iapi.or.id
IAPI. (2021d). Standar Audit 705 (Revisi 2021) Modifikasi terhadap Opini dalam Laporan Auditor Independen. http://www.iapi.or.id
IAPI. (2021e). Standar Audit 706 (Revisi 2021) Paragraf Penekanan Suatu Hal dan Paragraf Hal Lain dalam Laporan Auditor Independen. http://www.iapi.or.id
Iswara Dewi, N. M. W., & Sudana, P. (2018). Pengaruh Pengalaman, Due Professional Care dan Akuntabilitas Pada Kualitas Audit. E-Jurnal Akuntansi, 438. https://doi.org/10.24843/eja.2018.v22.i01.p17
Jensen, M. C., Meckling, W. H., Benston, G., Canes, M., Henderson, D., Leffler, K., Long, J., Smith, C., Thompson, R., Watts, R., & Zimmerman, J. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. In Journal of Financial Economics (Issue 4). Harvard University Press. http://hupress.harvard.edu/catalog/JENTHF.html
Kitiwong, W., & Sarapaivanich, N. (2020). Consequences of the implementation of expanded audit reports with key audit matters (KAMs) on audit quality. Managerial Auditing Journal, 35(8), 1095–1119. https://doi.org/10.1108/MAJ-09-2019-2410
Lauren, M., & Mita, A. F. (2023). Implementasi Standar Audit (SA) 701: Pengomunikasian Hal Audit Utama Di Tahun Pertama Penerapan. In JAIM: Jurnal Akuntansi Manado (Vol. 4, Issue 2).
LISA, O. (2012). Asimetri Informasi dan Manajemen Laba: suatu Tinjauan dalam Hubungan Keagenan. WIGA: Jurnal Penelitian Ilmu Ekonomi, 2(1).
Litjens, R., van Buuren, J., & Vergoossen, R. (2015). Addressing Information Needs to Reduce the Audit Expectation Gap: Evidence from Dutch Bankers, Audited Companies and Auditors. International Journal of Auditing, 19(3), 267–281. https://doi.org/https://doi.org/10.1111/ijau.12042
Mansi, S. A., Maxwell, W. F., & Miller, D. P. (2004). Does Auditor Quality and Tenure Matter to Investors? Evidence from the Bond Market. Journal of Accounting Research, 42(4), 755–793. http://www.jstor.org/stable/3542299
Matta, J., & Feghali, K. (2021). The impact of Key Audit Matters (KAMs) on financial information quality: Evidence from Lebanon. Indonesian Management and Accounting Research, 19(2), 135–162. https://doi.org/10.25105/imar.v19i2.7328
McKnight, P. J., & Weir, C. (2009). Agency costs, corporate governance mechanisms and ownership structure in large UK publicly quoted companies: A panel data analysis. The Quarterly Review of Economics and Finance, 49(2), 139–158. https://doi.org/https://doi.org/10.1016/j.qref.2007.09.008
Messier, W. F. , G. S. M. , & P. D. F. (2022). Auditing and Assurance Services: A Systematic Approach (12th ed.). https://browsegrades.net/documents/2
Owusu-Ansah, S. (2000). Timeliness of Corporate Reporting in Emerging Capital Markets: Empirical Evidence from Zimbabwe Stock Exchange. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=215929#paper-citations-widget
Owusu-Ansah, S., & Yeoh, J. (2005). The effect of legislation on corporate disclosure practices. Abacus, 41(1), 92–109. https://doi.org/https://doi.org/10.1111/j.1467-6281.2005.00171.x
Prasad, P., & Chand, P. (2017). The Changing Face of the Auditor’s Report: Implications for Suppliers and Users of Financial Statements. Australian Accounting Review, 27(4), 348–367. https://doi.org/10.1111/auar.12137
Segal, M. (2019). Key audit matters: insight from audit experts. Meditari Accountancy Research, 27(3), 472–494. https://doi.org/10.1108/MEDAR-06-2018-0355
Yoga, B., & Dinarjito, A. (2021). The Impact of Key Audit Matters Disclosure on Communicative Value of The Auditor’s Report: A Systematic Literature Review. Jurnal Akuntansi Dan Keuangan Indonesia, 18(1), 15–32. https://doi.org/10.21002/jaki.2021.02
Published
2024-01-30
How to Cite
SERINTEG, I Made; MITA, Aria Farah.
Evaluasi Penerapan Tahun Pertama Berlakunya Standar Audit (SA 701) Pengomunikasian Hal Audit Utama.
E-Jurnal Akuntansi, [S.l.], v. 34, n. 1, p. 169-185, jan. 2024.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/109686>. Date accessed: 09 may 2024.
doi: https://doi.org/10.24843/EJA.2024.v34.i01.p13.
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