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)。 ON^u|*kO
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: (9h{6rc=I
(Expressed in RMB thousands) oOw"k*,h:S
FINANCLAL STATEMENTS ITEMS d@~)Wlje
20×8 z#ET-[I
20×7 c73ZEd+j
[:
Y^0[2
Sales wjs7K|PK
64000 ~'Hwszpb
48000 F U%b"gP^
@bE?WXY
Cost of sales JaTW/~ TU
54000 Z%{2/mQ
42000 f:>jH+o.S
^^mi@&ApLD
Net profit (yVI<Os{a
30 L.(k8eX
-20 'McVaPav
dWEx55>,1
nfR5W~%*:
December 31, 20×8 GH!#"Sl8Z
December 31, 20×7 +z_0 ?x
9)`wd&!
Inventory ?z.`rD$}(n
16000 36z{TWF
12000 3H2'HO
l,3tU|V
Current assets Si(?+bda0c
60000 #=c%:{O{4R
50000 `W=JX2I
$$w 1%#F=
Total assets a7R7Ks|q
100000 # jyAq$I0
90000 bjZ?WZr
G#>nOB
Current liabilities ewR0e.g
20000 #k6T_ki
18000 9lwg`UWl,
/6fs h7 \
Total liabilities S
r0mA M
30000 scmbDaOn
25000 Yp$lc^)c>
YrX{,YtiX
/nNHI34
During the audit, John has the following findings: sTONkd
(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: 01b0;|
Dr. Cash in Bank RMB 5820000 p;HZA}p \
Dr. Financial Expenses RMB 180000 K} @q+
Cr. Notes Receivable RMB 6000000 n$8A"'.M
(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: ~PHG5?X
Dr. Non-operating Expenses RMB 3000000 H}/1/5L
Cr. Provisions RMB 3000000 Z~
(QV0}
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 6/) A6Tt
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: *^]ba>
Dr. Provisions RMB 3000000 o<;"+ @v
Cr. Cash in Bank RMB 2500000 2P*O^-zRp
Cr. Non-operating Income RMB 500000 yWy9IWI["
Required: @,hvXl-G *
(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. \_oHuw
(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: +|N"i~f>j
(a)Inventory Turnover Rate in 20×8; BR*U9K|W
(b)Gross Profit Ratio in 20×8; oz QL2
(c)After Tax Return on Total Assets in 20×8; and 4R.#=]F
(d)Current Ratio as at December 31, 20×8 d*(1t\
(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. G9]GK+@&F
【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。 iD9GAe}x
以下是未经审计财务报表的部分信息: gw-l]@;1
(单位:千元) QCMF_;aNI
项目 20×8 20×7 4f+Ke*^[RA
营业收入 64 000 48 000 *@< jJP4
营业成本 54 000 42 000 Ag-*D
H0
净利润 30 -20 H"sey +-
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20×8年12月31日 20×7年12月31日 NB[b[1 Ch
存货 16 000 12 000 :'03*A_[
流动资产 60 000 50 000 tO# y4<
总资产 100 000 90 000 8V@3T/}
流动负债 20 000 18 000 A-kI_&g\Og
总负债 30 000 25 000 2gi`^%#k]
在审计过程中,约翰发现以下事项: .Q7z<Q
(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: 1]"b.[P>
借:银行存款5 820 000 Xv6s,< #\
财务费用 180 000 cK""Xz&m
贷:应收票据6 000 000 3j6$!89'
(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: q;U[f6JjE
借:营业外支出 3 000 000 '<O&
:
贷:预计负债 3 000 000 P+JYs
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: ]Kd:ZmJ
借:预计负债 3 000 000 q~lmOT~E
贷:银行存款 2 500 000 +g*Ko@]m>
营业外收入 500 000 |&7l*j(\
要求: JA&w"2X*E
(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。 VHy$\5oYg
(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: 6D>o(b2
(a)20×8年存货周转率 F"_SCA?9?
(b)20×8年销售毛利率 Oo,<zS=ICk
(c)20×8年总资产净利率 i;cqK&P;]
(d)20×8年12月31日的流动比率 E/ Pa0.
(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) UGIyNMY
【答案】 \ /o`CV{O
(1)应选择营业收入作为计算重要性水平的基础。 Gk<h_1WWK
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 z7 }@8F
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 `5
bHZ
销售毛利率=(64000-54000)/64000×100%=15.63% ,oR}0(^"\<
总资产净利率=30/[(100000+90000)/2]=0.03% |<OZa;c+
流动比率=60000/20000=3 1L3L!@
(3) ZJS7#<-7o
a.应建议做如下审计调整分录: y'{0|Xj
借:应收票据 6 000 000 wzF"^CJ
贷:短期借款 5 820 000 Av{1~%hU
财务费用 180 000 ,+0_kndR
b.应建议做如下审计调整分录: 1^vN?#Kt
借:预计负债 3 000 000 v~j
21`
贷:营业外支出 500 000 ~%'M[3Rb
其他应付款 2 500 000 b}Jcj