Universitas Gadjah Mada
Faculty of Economics and Business

On Friday (17/11/17) and Saturday (18/11/17), Department of Accounting Faculty of Economics and Business Universitas Gadjah Mada (FEB UGM) collaborated with Gadjah Mada Accounting Student Community (IMAGAMA) held audit simulation training with KAP Kumalahadi, Kuncara, Sugeng Pamudji & Rekan (KAP KKSP & Partners). The event was held in B307 FEB UGM and was attended by 40 undergraduate accounting students of FEB UGM. The invited speaker in this training was Mr. Kumalahadi, whom is the managing partner of KAP KKSP & Partners.

On Friday, the training is focused on audit planning. Before students do simulation on audit planning, Mr. Kumalahadi explained about the steps in audit planning, such as understanding the client’s business and industry, assess the client business risks and other procedures. After being explained about audit planning, the group of students that consist of 4 people did audit planning with case that is already predetermined before. Meanwhile on the next day, the training is more focused on the test of control, substantive test and completion of audit process. The same as previous day, Mr. Kumalahadi explained first about test of control, substantive test and completion of audit process before students will start audit simulation on the case based on the audit planning they had done on previous day.

This event brought lot of enthusiasms from students especially because many of them are interested with audit and they want to know more about audit practices. With the experiences from Mr. Kumalahadi, many of the students show their enthusiasm by asking questions about the case and audit process itself. Gaining the know-how and simulation-practice, this experience is expected to equip students with real auditing experience that will be getting them ready once they join the workforce, especially when becoming auditors.

Source: Dewi/FEB