UNDERGRADUATE PROGRAM UNIVERSITAS INDONESIA

FACULTY OF ECONOMICS AND BUSINESS

DEPARTEMENT OF ACCOUNTING

SYLLABUS
AUDIT FOR SPECIFIC INDUSTRIES
SEMESTER II 2017/2018

No. Lecturers E-mail

1 Agung Nugroho Soedibyo asoedibyo@gmail.com
2 Kusumaningsih Angkawidjaja Kusumaningsih.Angkawidjaja@kpmg.co.id
3 Liana Lim Liana.lim@kpmg.co.id
4 Susanto Susanto@kpmg.co.id
5 Handrow Cahyadi Handrow.Cahyadi@kpmg.co.id
6 Novie Novie@kpmg.co.id
7 William Tanuwijaya William.Tanuwijaya@kpmg.co.id
8 Ratna Wulandari Ratna.Wulandari@kpmg.co.id
9 Grace Prativi Grace.Prativi@kpmg.co.id
10 Erwin Irawan Erwin.Irawan@kpmg.co.id
11 Irwan Djaja Irwan.Djaja@kpmg.co.id
12 Freddie Mulyadi Freddie.Mulyadi@kpmg.co.id
13 Budi Susanto Budi.Susanto@kpmg.co.id
14 Indra Wijaya Indra.Wijaya@kpmg.co.id

Subject Code
Subject Title Auditing for Specific Industries
Credit Value 3
Year 4 (Semester 7)
Pre-requisite/ Auditing 2
Co-requisite/
Exclusion
Role and Purposes This elective course consist of introduction to best practice audit procedures
delivered by practitioners from the industry. The aims of this course are to provide
insights and understanding of performing audit procedure for specific industries.
This course discusses introduction to different nature of business, accounting
treatment & reporting and taxation for the respective industries. This course also
covers the discussion of the development of the specific industries, current issues,
and regulation updates.

Subject Learning Outcomes:

Upon completing the subject, students will be able to:
Technical competence in Audit and Assurance services:
 a. Describe the objectives and stages involved in performing an audit of financial
statements of specific industries, which includes Banking and Insurance; Energy &
Natural Resources, Plantation, Telecommunication, Retailer, and e-Commerce.
b. Apply relevant auditing standards (for example, International Standards on Auditing),
and applicable laws and regulations to an audit of financial statements
c. Assess the risk of material misstatement in the financial statements and consider the
impact on the audit strategy
d. Apply quantitative methods that are used in audit engagements
e. Explain the key elements of assurance engagements and applicable standards that
are relevant to such engagements.

Teaching/Learning methodology:
1. Case study, lecturers will discuss several actual audit cases to provide a clearer
description on the audit practice while students achieve the study objectives by
discussing and completing related problems or cases under the guidance of lecturer
2. Self-directed learning, students are encouraged to study independently outside
classroom by themselves.
3. Group presentation, students are divided in to groups of five or six to present cases
related to topics that have been discussed

Assessment method in alignment with intended learning outcomes:

Specific Assessment % Intended Learning Outcomes

Methods/Tasks weighting to be Assessed
a b c d e
Continuous Assessment 100%
GROUP 20% 50% 50%
Case-based learning
INDIVIDUAL 80%
Mid Term Exam (35%) 20% 20% 20% 20% 20%
Final Exam (35%) 20% 20% 20% 20% 20%
Participation and Discussion 20% 20% 20% 20% 20%
(10%)

Student Study Effort Expected

 Lectures 30 Hours
 Case-based learning 5 Hours
Sub Total 35 Hours
Other Student study effort
Preparation of project/assignment/tests 10 Hours
Total 45 Hours
 SUBJECT SYNOPSIS/INDICATIVE SYLLABUS
Subject : Audit for specific industries (3 credits)
Academic Year : 2018/2019

Competence Area Subject Learning Nature of Accounting

Week # Topic Facilitators
(Level of Proficiency) Outcomes Industry & Reporting
(1) Overview of audit of specific Susanto
Foundation
6 Sept industries a V V
2018
Audit of specific industry – Novie
banking - overview Jesson Leono

1. Banking industry today

2. Why does banking have to be
(2) a regulated industry? High
Intermediate
13 Sept level discussion over key ab V
2018 regulatory ratio i.e. CAR, LLL,
NPL, MRR, NOP
3. What is risk management and
why is it important?
4. Business activities of a
commercial bank
Audit of specific industry – Liana Lim
banking - accounting, financial Handrow Cahyadi
reporting and audit implications

(3) 1. How do a bank’s financial

20 Sept statements look like? Intermediate bcde V V
2018 2. Relationships between Bank,
Public Accountant and OJK
3. Practical issues in IFRS 9 in
auditing a bank
4. What are the key audit risks?
 SUBJECT SYNOPSIS/INDICATIVE SYLLABUS
Competence Area Subject Learning Nature of Accounting
Week # Topic Facilitators
(Level of Proficiency) Outcomes Industry & Reporting
5. Why is risk assessment very
important in a bank audit?

CASE STUDY

Audit of specific industry – Kusumaningsih Angkawidjaja

banking - auditing

1. How to test control

environment in a bank?
2. How to assess the Risk of
Material Misstatement
3. How to audit the general IT
controls in a bank?

CASE STUDY
(4)
27 Sept abcde V V
Intermediate
2018
 SUBJECT SYNOPSIS/INDICATIVE SYLLABUS
Competence Area Subject Learning Nature of Accounting
Week # Topic Facilitators
(Level of Proficiency) Outcomes Industry & Reporting
Audit of specific industry – Rialiany Arista Ku
insurance

1. Insurance industry today

2. Introduction to insurance
(5) audit
Intermediate
4 Oct 3. Practical audit issues ab V
???????
2018
CASE STUDY

Audit of specific industry – Susanto

insurance

(6) 1. Why IFRS 17 is a big change? Intermediate

11 Oct 2. How insurance audit will look cde V
2018 like in 2021 ???????

CASE STUDY

(7) Group Presentations Kusumaningsih Angkawidjaja

18 Oct Intermediate abcde V V
2018
UTS
Audit of specific industry – e- Grace Prativi
(8) Commerce Angga Pujaprayoga
1 Nov Intermediate abcde V V
2018 1. Introduction to e-commerce
industry
 SUBJECT SYNOPSIS/INDICATIVE SYLLABUS
Competence Area Subject Learning Nature of Accounting
Week # Topic Facilitators
(Level of Proficiency) Outcomes Industry & Reporting
2. Types of e-commerce
products
3. Accounting treatment
4. Auditing e-commerce
companies

Consideration of cyber security Irwan Djaja

risk and its impact to audit Freddy Mulyadi
(9) approach – a study in an e-
8 Nov commerce Intermediate abcde V V
2018
CASE STUDY

Audit of specific industry – Ratna Wulandari

general mining

1. Introduction to mining
(10) industry
15 Nov 2. Accounting for mining Intermediate abcde V V
2018 3. Auditing a mining company
and key audit considerations

CASE STUDY
 SUBJECT SYNOPSIS/INDICATIVE SYLLABUS
Competence Area Subject Learning Nature of Accounting
Week # Topic Facilitators
(Level of Proficiency) Outcomes Industry & Reporting
Audit of specific industry – William Tanuwijaya
plantation Wisa Handrawan

1. Introduction to palm oil

industry
(11)
2. Bearer plants
22 Nov Intermediate abcde V V
3. PSAK 26/IAS 23: Borrowing
2018
Cost
4. Audit considerations

CASE STUDY

Audit of specific industry – Budi Susanto

telecommunication Indra Wijaya

1. Introduction to auditing
(12)
telecommunication company
29 Nov Intermediate abcde V V
2. Impact of IFRS 15 to auditing a
2018
telecommunication company

CASE STUDY

Audit of specific industry – William Tanuwijaya

Applying Data & Analytics in Handrow
Auditing FMCG industry
(13)
1. Introduction to Data &
6 Dec Intermediate abcde V V
Analytics
2018
2. Applying D&A in auditing
FMCG industry

CASE STUDY
 SUBJECT SYNOPSIS/INDICATIVE SYLLABUS
Competence Area Subject Learning Nature of Accounting
Week # Topic Facilitators
(Level of Proficiency) Outcomes Industry & Reporting

(14) Group Presentations Representative of facilitators

13 Dec Intermediate abcde V V from each industry & Tohana
2018 Widjaja
UAS