Audit Report - Group 3bD4

 “Audit Report”

                                                                                         

Compiled By  3b/D4 :

Group Members:

1.      Nirwan Suparwan (46110011)

2.      Rahmawati Ramli (46110015)

3.      Harmuliyah           (46110034)

4.      Erwin                    (46110051)

5.      Putri reski ananda (46110053)

State Polytechnic of Ujungpandang

2013

A.    Definitions of Audit Report

According to Alvin a. Arens and James k. Loebbecke: 

“Auditing is the accumulation and evaluation of evidence about information to determine and report on the degree of correspondence between the information and established criteria. Auditing should be done by a competent independent person”.

In General, the above can be interpreted as meaning that an audit is a systematic process that is carried out by a competent and independent people by collecting and evaluating evidence and aims to provide an opinion.

B.     The purpose of the audit report

The general objective of the audit of financial statements is to certify the reasonableness of pendapatatas financial statements, in all material respects, in accordance with accounting principles generally accepted. The fairness of the financial statements is measured based on definitive assertions about contained in each element are presented in the financial statements, called the definitive assertions about the management. Definitive assertions about the management presented in the financial statements can be classified into five categories: existency or occurrence, Completeness, rights and obligations, valluation or allocation, presentation and disclosure.

C.     Kind of Auditor Opinions

1.      Unqualified Opinion

This opinion issued by an auditor if no restrictions against Auditors within the scope of the audit and no significant exceptions regarding the fairness and the application of financial accounting standards in the financial statements are accompanied by sufficient disclosure in the financial statements.This type of audit report is a report that most expected and needed by all parties. Either by the client or by the auditor.

2.      Unqualified Opinion with Explanatory Language

An explanatory paragraph of explanatory paragraph in the audit report provided by the auditor under certain circumstances that may be obliged him to do so, although it does not affect the unqualified opinion on the financial statements.

3.               Qualified Opinion

There are some conditions that require an auditor provide reasonable opinion with exceptions, among which are: Clients limit the scope of the audit, the conditions are outside the authority of the client or of the auditor the auditor cannot cause implement audit procedures is important, financial statements are not prepared on the basis of financial accounting standards and financial accounting standard implementation Inconsistency used in drawing up the financial statements.

4.       Adverse opinion

The Auditor provides an opinion no reasonable if the client financial statements do not fairly present the financial position, business results, changes in equity and the cash flow the company clients. This is because financial statements are not compiled by the financial accounting standards.

5.      Disclaimer opinion

 If the auditor does not give an opinion of the audit, the report object is called lapiran no opinion (adverse opinion). This is due to a number of conditions, namely the existence of restriction which is wonderful for the environment auditnya, then as an auditor is not independent in relation to his clients. The Auditor stated don't give opinions (no opinion) because he doesn't quite get the evidence on the fairness of the financial statements audited or because it is not independent in relation to the client.

D.    The elements of the Audit Reports Form the raw

7 elements of auditing reports Raw Form:

1.       the title of the report Is the title and the word "independent".

2.       the report Addresses the Audit Reports addressed to the company, the shareholders or the Board of Directors of the company.

3.       the Introductory paragraph of paragraph 3 contained therein, namely:

a.        The HOOD has been carrying out an audit

b.      There are words audited financial reports

c.       Introduction Paragraph stating that the financial statements are the responsibility of management and the auditor's responsibility lies in statements of opinion on the financial statements based on the audit report.

4.       Paragraph Scope Statement is factual.

5.       auditor's Conclusion based on the Opinion paragraph of the results of the audit process.

6.       name of KAP (public accountant office) which carry out audit process.

7.      Date of Report Date at the time of the Audit the auditor completed the most important audit procedures of inspection operations

E.     Sample Audit report

Report No. 105/11

Independent Auditors' Report

The Stockholders, Board of Commissioners and

Directors

PT Indosiar Karya Media Tbk

We have audited the accompanying consolidated balance sheet of PT Indosiar Karya Media Tbk (“The Company”) and Subsidiaries as of December 31, 2010 and 2009, and the related consolidated statements of income, changes in equity, and cash flows for the years ended. These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.

We conducted our audits in accordance with auditing standards established by the Indonesian Institute of Certified Public Accountants. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of PT Indosiar Karya Media Tbk and Subsidiaries as of December 31, 2010 and 2009, and the consolidated results of its operations and cash flows for the years ended in conformity with accounting principles generally accepted in Indonesia.

As described in Note 25 to the consolidated financial statements, the Company and Subsidiaries have incurred losses in the years before 2008. In 2010 and 2009, the performance of the Company and Subsidiaries have increased which resulted to a net income of Rp8,295,292,590 and Rp8,513,147,708, respectively, therefore the balance of cumulative losses had been reduced as of December 31, 2010. Management plan to continue increasing the performance of the Company and Subsidiaries as disclosed in the note.

EDDY SIDDHARTA & REKAN

Nomor Izin Usaha No. KEP-772/KM-1/2010/

Licence No. KEP-772/KM-1/2010

Desman PL Tobing, SE, Ak, CPA

Nomor Izin Akuntan Publik No.06.1.0982/

License of Public Accountant No.06.1.0982

15 Maret 2011 / March 15, 2011