Developing Audit Manual Design for Audit of Small and Medium-Sized Entities and Applying Data Sharing in Cloud to Increase Audit Efficiency

This study aims to design a special audit manual for small and medium-sized entities (SME) and the application of the cloud in the audit process to improve the efficiency of financial statement audits by small and medium-sized practitioners (SMP). This qualitative research with a case study approach and data collection from documentation, interviews, and direct observation from a public accounting firm in Indonesia. This study develops a simple audit manual design for audit of SME and applying cloud during audit process. Developing manual audit design refers to the guide to using ISAs in the audit SMEs was prepared by International Federation of Accountants (IFAC) and then customize according to Public Accounting Firms needed. The use of the cloud can speed up the audit process through easy data sharing, electronic data archives, and teamwork monitoring. In addition, the scalability of using the cloud can help SMPs increase their productivity, especially during the current pandemic. The research uses a single case study approach due to limited access to key information. The scope of the audit manual design is only at the risk assessment stage. Applying cloud in the audit process only uses the free features of the service provider. The results of the study helped SMPs to implement a simple audit manual and use the cloud to increase the audit efficiency of SME.