Nalisis Function And Internal Responsibility Of The Auditor In Examination Of Fixed Assets On. PT. Train (Persero) Divre I North Sumatra & NAD

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Nalisis Function and Internal Responsibility of the Auditor In Examination of Fixed Assets on PT. Train (Persero) Divre I North Sumatra & NAD

Introduction

The examination of fixed assets is a crucial aspect of internal audits, particularly in organizations that possess high-value assets. Fixed assets require strict supervision, both in terms of administration and accounting, to ensure their integrity and accuracy. This study aims to analyze the functions and responsibilities of internal auditors in examining fixed assets at PT. Train (Persero) Divre I North Sumatra & NAD, as well as identifying potential weaknesses in the audit process.

Background

PT. Train (Persero) Divre I North Sumatra & NAD is a prominent organization in the transportation industry, responsible for providing rail services to the public. As a large organization, it is essential to maintain the integrity of its fixed assets, which include rolling stock, infrastructure, and other equipment. The internal audit function plays a vital role in ensuring the accuracy and reliability of financial statements, as well as identifying potential risks and weaknesses in the organization's internal control.

Methodology

This study employed a qualitative research approach, collecting primary and secondary data through observation and interviews. The data collection process involved:

  • Observation: The researcher observed the internal audit process at PT. Train (Persero) Divre I North Sumatra & NAD, including the examination of fixed assets.
  • Interviews: The researcher conducted interviews with internal auditors, management personnel, and other stakeholders to gather information on the internal audit function and its role in examining fixed assets.

Results

The results of this study showed that the internal auditor at PT. Kereta Api (Persero) Divre I North Sumatra & NAD generally carried out its functions and responsibilities well in the examination of fixed assets. However, there were some weaknesses in the application of audit procedures in the field, including:

  • Lack of training and competency development: Internal auditors may not have sufficient knowledge and skills in conducting comprehensive fixed assets audits.
  • Limited resources: Factors such as the lack of the number of auditors, time constraints, and access to limited data can hamper the implementation of audits optimally.
  • Innovation of audit procedures: Audit procedures that are not clear and well documented can cause differences in interpretation and audit implementation in the field.

Discussion

The results of this study highlight the importance of internal audit in examining fixed assets. The internal audit function plays a crucial role in ensuring the accuracy and reliability of financial statements, as well as identifying potential risks and weaknesses in the organization's internal control. However, the study also identified some weaknesses in the application of audit procedures in the field, which can be addressed through:

  • Improving auditor's internal competence: Through training and development programs that are focused on the audit of fixed assets, auditors can increase their knowledge and skills in assessing assets, risks, and internal control.
  • Providing adequate resources: Ensuring the availability of auditors with sufficient quantities, sufficient time to conduct audits, and access to the data needed.
  • Clarifying audit procedures: Creating and documenting clear and structured audit procedures to ensure consistency in the audit implementation in all divisions.

Conclusion

In conclusion, this study highlights the importance of internal audit in examining fixed assets at PT. Train (Persero) Divre I North Sumatra & NAD. The study identified some weaknesses in the application of audit procedures in the field, which can be addressed through improving auditor's internal competence, providing adequate resources, and clarifying audit procedures. By applying these steps, PT. Kereta Api (Persero) Divre I North Sumatra & NAD can increase the effectiveness of internal audit and maintain the integrity of fixed assets, thus supporting the smooth operation and business sustainability.

Recommendations

Based on the findings of this study, the following recommendations are made:

  • PT. Train (Persero) Divre I North Sumatra & NAD should provide training and development programs for internal auditors to improve their knowledge and skills in conducting comprehensive fixed assets audits.
  • The organization should ensure the availability of auditors with sufficient quantities, sufficient time to conduct audits, and access to the data needed.
  • PT. Train (Persero) Divre I North Sumatra & NAD should create and document clear and structured audit procedures to ensure consistency in the audit implementation in all divisions.

Limitations

This study has some limitations, including:

  • The study was conducted at a single organization, PT. Train (Persero) Divre I North Sumatra & NAD, which may limit the generalizability of the findings.
  • The study employed a qualitative research approach, which may not provide a comprehensive understanding of the internal audit function and its role in examining fixed assets.

Future Research Directions

Future research should focus on:

  • Conducting a comprehensive study on the internal audit function and its role in examining fixed assets at multiple organizations.
  • Developing a framework for improving the effectiveness of internal audit in examining fixed assets.
  • Investigating the impact of internal audit on the integrity of fixed assets and the overall performance of the organization.
    Frequently Asked Questions (FAQs) on Nalisis Function and Internal Responsibility of the Auditor In Examination of Fixed Assets on PT. Train (Persero) Divre I North Sumatra & NAD

Q: What is the importance of internal audit in examining fixed assets?

A: Internal audit plays a crucial role in ensuring the accuracy and reliability of financial statements, as well as identifying potential risks and weaknesses in the organization's internal control. Fixed assets are high-value assets that require strict supervision, both in terms of administration and accounting.

Q: What are the common weaknesses in the application of audit procedures in the field?

A: The study identified several weaknesses, including:

  • Lack of training and competency development: Internal auditors may not have sufficient knowledge and skills in conducting comprehensive fixed assets audits.
  • Limited resources: Factors such as the lack of the number of auditors, time constraints, and access to limited data can hamper the implementation of audits optimally.
  • Innovation of audit procedures: Audit procedures that are not clear and well documented can cause differences in interpretation and audit implementation in the field.

Q: How can PT. Train (Persero) Divre I North Sumatra & NAD improve the effectiveness of internal audit in examining fixed assets?

A: The organization can take the following steps:

  • Improving auditor's internal competence: Through training and development programs that are focused on the audit of fixed assets, auditors can increase their knowledge and skills in assessing assets, risks, and internal control.
  • Providing adequate resources: Ensuring the availability of auditors with sufficient quantities, sufficient time to conduct audits, and access to the data needed.
  • Clarifying audit procedures: Creating and documenting clear and structured audit procedures to ensure consistency in the audit implementation in all divisions.

Q: What are the benefits of improving the effectiveness of internal audit in examining fixed assets?

A: By improving the effectiveness of internal audit, PT. Train (Persero) Divre I North Sumatra & NAD can:

  • Increase the accuracy and reliability of financial statements: Internal audit can ensure that financial statements are accurate and reliable, which is essential for making informed business decisions.
  • Identify potential risks and weaknesses: Internal audit can identify potential risks and weaknesses in the organization's internal control, which can be addressed before they become major issues.
  • Maintain the integrity of fixed assets: Internal audit can ensure that fixed assets are properly accounted for and maintained, which is essential for the smooth operation and business sustainability of the organization.

Q: What are the limitations of this study?

A: The study has some limitations, including:

  • The study was conducted at a single organization, PT. Train (Persero) Divre I North Sumatra & NAD, which may limit the generalizability of the findings.
  • The study employed a qualitative research approach, which may not provide a comprehensive understanding of the internal audit function and its role in examining fixed assets.

Q: What are the future research directions?

A: Future research should focus on:

  • Conducting a comprehensive study on the internal audit function and its role in examining fixed assets at multiple organizations.
  • Developing a framework for improving the effectiveness of internal audit in examining fixed assets.
  • Investigating the impact of internal audit on the integrity of fixed assets and the overall performance of the organization.