Risk Assessment With Audit Tool and Linked Archive System (ATLAS) Methods on Going-Concern During The Covid-19 Pandemic

DOI

10.2991/assehr.k.220301.083How to use a DOI?

Keywords

Risk-Based Approach; Risk Assessment; ATLAS; Z-Score

Abstract

The risk-based audit approach focuses on identifying and assessing material risks as well as risks that have the potential to hinder business strategy. Moreover, this approach will help the auditor plan a more targeted audit to make the implementation and reporting stage easier. This risk-based audit approach can be applied through the ATLAS, consisting of risk assessment, risk responses, and reporting. This audit approach focuses on evaluating strategic, financial, operational, regulatory, and other risks faced by organizations, such as risks to the company’s going concern during the covid 19 pandemic. Given the current conditions, economic uncertainty worldwide, and increasing business and operations for many entities can challenge the auditor’s judgment in conducting accounting examinations. The auditor should also consider the impact of the auditor’s evaluation on management’s assessment of the entity’s ability to continue as a going concern. This study aims to map going concern risk assessments during the COVID-19 pandemic using the ATLAS. The sample in this study is the company’s 2020 financial statements which in their preparation apply the financial accounting standards of entities without public accountability (SAK ETAP), with the business fields of hotels, advertising, contractors, trade, travel, communication services, cooperatives, health clinics, and Education. Data analysis was conducted using a comparative descriptive method on implementing the audit stages, risk assessment, namely in the financial, operational, and other aspects, and testing with Z-Score analysis. Mapping going concern risk assessment during the covid-19 pandemic using the ATLAS shows that first of all the hotel, contractor, travel business facing bankruptcy condition, secondly the cooperative business, education fall in the grey area and finally the type of business advertising, trading, communication services, health clinics in non-bankrupt conditions.

Copyright

© 2022 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - I Made Agus Putrayasa
AU  - Made Dana Saputra
AU  - Ni Wayan Kurnia Dewi
PY  - 2022
DA  - 2022/03/04
TI  - Risk Assessment With Audit Tool and Linked Archive System (ATLAS) Methods on Going-Concern During The Covid-19 Pandemic
BT  - Proceedings of the International Conference on Applied Science and Technology on Social Science 2021 (iCAST-SS 2021)
PB  - Atlantis Press
SP  - 507
EP  - 510
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220301.083
DO  - 10.2991/assehr.k.220301.083
ID  - Putrayasa2022
ER  -