Pembahasan Ujian PAI: A40 – No. 28 – Maret 2014

A Financial audit, also called a financial statement audit or an attest audit (because the result is an auditor’s report that attests to the fairness of a company’s financial statements), is the traditional auditing of financial information and includes both the overall examination of a company’s financial statements and the examination of individual accounts and accounting records.

Chapter 20 Page 662 ^[1]:

The distinction between financial auditing and compliance auditing is that the focus of financial auditing is to render an opinion as to the fairness of the presentation of financial statements, while the thrust of compliance auditing, also called regulatory auditing, is to verify adherence to the laws, regulations, policies, and procedures prescribed by internal or external authorities.

Chapter 20 Page 662^[1]:

By definition, performance auditing, also called operational auditing, is the examination of a particular operations area to measure and evaluate progress toward achieving management objectives for that area.

Chapter 20 Page 663 ^[1]:

The focus of management auditing, also known as economy and efficiency auditing, is on improving the effectiveness and efficiency of a company’s operations.

^[1] Mulligan, E. and Stone, G. (1997). Accounting and financial reporting in life and health insurance companies. Atlanta, Ga.: Life Management Institute, LOMA.