2. Corporate Fraud Risk Assesment Pertemuan XXI Matakuliah: F0184/Audit atas Kecurangan Tahun: 2007

3. Bina Nusantara Mahasiswa diharapkan dapat melakukan analisa resiko terjadinya kecurangan dalam aktivitas perusahaan Mahasiswa diharapkan mampu mengetahui modus perusahaan dalam melakukan kecurangan laporan keuangan Learning Outcomes 3

4. Bina Nusantara Auditor Responsibility Type of Corporate Fraud The Risk of Fraud Fraud Risk Detection and Enforcement Risk Management Checklist Outline Materi 4

5. Audit Standard for Fraud SAS No. 99 that issued in 2002 is describe the auditor responsibilities related with the fraud in the company. The auditor should consider the risk that the financial statements are materially misstated due either unintentional error or fraud. Accordingly, the auditor must specifically consider factors that bear on the likelihood of fraud. Bina Nusantara

6. Steps to follow Asses the risk of material misstatement of the financial statements due to fraud and consider that assessment in designing audit procedures Inquire of management about its understanding of the risk of fraud and its knowledge of fraud perpetrated on or within the organization Plan and perform the audit to achieve reasonable assurance of detecting material misstatement of the financial statements due to fraud Bina Nusantara

7. Steps to follow (Con’t) Consider whether misstatement detected during the audit are the result of fraud and, if so, evaluate the implications and communicate the matter to appropriate personnel Document the facts that evidence the auditor’s assessment of the risk of fraud and the auditor’s response to the risk identified Bina Nusantara

8. Type of Financial Statements Fraud Fraudulent financial reporting Misappropriation of assets Bina Nusantara

9. The Risk of Fraud IndustriesCompaniesOccupationsIndividuals Bina Nusantara

10. Industries High Risk Industries are noted for intense rivalry, low profits, and unethical business practices. Bina Nusantara

11. Companies High risk companies are noted for poor management, loose cash, and loose business morality Bina Nusantara

12. Occupations High risk occupations provide easy access to cash and accounting records, and are often characterized by low pay, long hours, and job related stress Bina Nusantara

13. Individuals High risk individuals are financially overburdened people with low self esteem and addictive personalities. Bina Nusantara