六、英文附加题(本题型共1题,共10分。有小数点的,保留两位小数。小数点两位后四舍五入。用英文在答题卷上解答,答在试题卷上无效)。 AwC"c '
John, CPA, is auditing the financial statements of Company A for the year ended December 31, 20×8. The un-audited information of selected financial statements items is as follows: Q#Vg5H4
(Expressed in RMB thousands) HqZ3]
FINANCLAL STATEMENTS ITEMS !n?8'eqWru
20×8 HZ+l){u
20×7 {]F
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Sales ISbhC!59
64000 1
po.Cmx
48000 d7*fP S
B9&$sTAB
Cost of sales Ul/Uk n$
54000 'H]&$AZ;@
42000 VY@6!9G
-VOMt5u
Net profit { +$zgg
30 9?IvSv}z
-20 B F,8[|%#
%+{[ %?xh
L2L=~/LG
December 31, 20×8 Z#1'STg
December 31, 20×7 9S y |:J0
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Inventory bS!4vc1`2
16000 a9"1a'
12000 hA6D*8oXD
T-
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Current assets Kz>Bw;R(
60000
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50000 ^qro0]"LD
4dgo*9
Total assets l, [c
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100000 [PI!.9H
90000 +'@j~\>^yJ
+IM:jrT(
Current liabilities p /x]
20000 3rUuRsXn
18000 JSAbh\Mq6
'T7=.Hq<4
Total liabilities a
St
30000 @uJ^k
>B
25000 GlPd)m`
gI
/#7Cr
/M3UK
During the audit, John has the following findings: NO%x
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(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows:
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Dr. Cash in Bank RMB 5820000 G""L1?
Dr. Financial Expenses RMB 180000 a*g7uaoP
Cr. Notes Receivable RMB 6000000 (z:DTe
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: 6
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Dr. Non-operating Expenses RMB 3000000 m,"N4a@
Cr. Provisions RMB 3000000 &l0-
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 |RA|nu
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: keMfK]9
Dr. Provisions RMB 3000000
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Cr. Cash in Bank RMB 2500000 s;9>YV2at
Cr. Non-operating Income RMB 500000 1\{_bUZ&
Required: 6M/*]jLq4
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. @|i
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(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: .GM}3(1fX`
(a)Inventory Turnover Rate in 20×8; 4L`<xX;:{
(b)Gross Profit Ratio in 20×8; &W|r
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(c)After Tax Return on Total Assets in 20×8; and "{lw;AA5F
(d)Current Ratio as at December 31, 20×8 XeJ|Z)qZ
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. J,
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【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 O9_S"\8]@
以下是未经审计财务报表的部分信息: *Bj7\8cKC
(单位:千元) itpljh
项目 20×8 20×7 -<jd/ 5
营业收入 64 000 48 000 M;$LB@h
营业成本 54 000 42 000 rZt7C(FM$7
净利润 30 -20 iYE7BUH=
Wi5rXZS
20×8年12月31日 20×7年12月31日 .vm.g=-q
存货 16 000 12 000 J
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流动资产 60 000 50 000 j0eGg::
总资产 100 000 90 000 5Y W.s
流动负债 20 000 18 000 4P(ysTuM
总负债 30 000 25 000 {Iu9%uR>@
在审计过程中,约翰发现以下事项: rF*L@HI
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: n G+ L'SmI
借:银行存款5 820 000 33*NgQ;&~'
财务费用 180 000 qtQB}r8
贷:应收票据6 000 000 TSp;VrOP
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: Tam\,j
借:营业外支出 3 000 000 IdzrQP
贷:预计负债 3 000 000 U&\2\z3{
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: M.loG4r!
借:预计负债 3 000 000 G=Qslrtg
贷:银行存款 2 500 000 -l ?J
营业外收入 500 000 `H7V['
要求: UyWKE<
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 >@T(^=Q
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: xwm-)~L4T
(a)20×8年存货周转率 WL6p+sN'
(b)20×8年销售毛利率 ;Bs^+R7
(c)20×8年总资产净利率 -$8M#n,
(d)20×8年12月31日的流动比率 r8uc. z2%
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) w2mL L?P
【答案】
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(1)应选择营业收入作为计算重要性水平的基础。 tK$x=9M
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 [HV9KAoA
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Kr*s]O
销售毛利率=(64000-54000)/64000×100%=15.63% 3o>.Z;
总资产净利率=30/[(100000+90000)/2]=0.03% yVP 1=pz_[
流动比率=60000/20000=3 2S{IZ]
(3) 6$l6>A
a.应建议做如下审计调整分录: x9Qa.Jmj
借:应收票据 6 000 000 hny):59f
贷:短期借款 5 820 000 JuD$CHg;#
财务费用 180 000
+T R#
b.应建议做如下审计调整分录: bN',-[E
借:预计负债 3 000 000 %L^S;v3
贷:营业外支出 500 000 ,XZ[L?
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其他应付款 2 500 000 n*
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