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)。 0T(O'v}.
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: 0h^uOA; c
(Expressed in RMB thousands) c$.UE
FINANCLAL STATEMENTS ITEMS E2h(w_l
20×8 JIVo=5c}
20×7 ={\![{L
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Sales NS
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64000 ?Y%}(3y
48000 J0&zb'1
JvKO $^
Cost of sales >ze>Xr'm5=
54000 4A;[sm^f
42000 9*BoYFw92*
[|y`y%
Net profit >9 q]>fJ
30 ,<7"K&
-20 :b.3CL\.6
1aBD^^Y
v hRu`Yb
December 31, 20×8 sq6>DuBZz
December 31, 20×7 ixIh
T
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Inventory u9esdOv
16000 @m5O{[euj<
12000 S4;wa6
P;^y|0Nm
Current assets ;+
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60000 s[Y)d>~\$=
50000 Xq+!eOT
%=laY_y
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Total assets 1R5Yn(
100000 d&/^34gn
90000 C/SapX
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Ka<5
Current liabilities
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20000 -0{T
18000 ?lu_}t]
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Total liabilities K4
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30000 3 %z
25000 O]c=Yyl
eV"d v*R
K#_~
!C4L
During the audit, John has the following findings: elN{7:
(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: 1_N~1Ik
Dr. Cash in Bank RMB 5820000
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Dr. Financial Expenses RMB 180000 }rO?5
Cr. Notes Receivable RMB 6000000 5oV
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(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: w%>aR_G
Dr. Non-operating Expenses RMB 3000000 kqj;l\N
Cr. Provisions RMB 3000000 ~%olCxfO
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 qzuQq94k
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: 9zXu6<|qrL
Dr. Provisions RMB 3000000 CnxK+1n l
Cr. Cash in Bank RMB 2500000 <m
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Cr. Non-operating Income RMB 500000 Yh}zt
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Required: |
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(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. ;k9
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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: 43vGgGW
(a)Inventory Turnover Rate in 20×8; ( rA\_FOJ
(b)Gross Profit Ratio in 20×8; jlYD~)
(c)After Tax Return on Total Assets in 20×8; and KC@k9e
(d)Current Ratio as at December 31, 20×8 #pS]k<o%1
(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. `,F&y{A
【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。 FQ;4'B^k]
以下是未经审计财务报表的部分信息: + ")qi=
(单位:千元) XkM s
项目 20×8 20×7 BSx j~pun
营业收入 64 000 48 000 4yA9Ni
营业成本 54 000 42 000 +)/Rql(lY
净利润 30 -20 ovhC42i
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20×8年12月31日 20×7年12月31日
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存货 16 000 12 000 [VY8?y
流动资产 60 000 50 000 u=p ;A1oy
总资产 100 000 90 000 @4 zi]
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流动负债 20 000 18 000 -X"5G
总负债 30 000 25 000 .b=M5JsyV
在审计过程中,约翰发现以下事项: tc+GR?-7W
(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: ga4/,
借:银行存款5 820 000 *u|lmALs
财务费用 180 000 @-)<|orU4
贷:应收票据6 000 000 !Iw{Y'
(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: W0+gfg
借:营业外支出 3 000 000 5~ _eN
贷:预计负债 3 000 000 (lyt"Ty
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: mF6@Y[/B
借:预计负债 3 000 000 21[K[ %
贷:银行存款 2 500 000 7Y-FUZ.`>
营业外收入 500 000 |i,zY{GI+2
要求: n/9 LRZD|w
(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。 jMm_A#V>p
(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: 8ktjDs$=.:
(a)20×8年存货周转率 Nz(c"3T;
(b)20×8年销售毛利率 QLn5#x~xb
(c)20×8年总资产净利率 #~bU}[
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(d)20×8年12月31日的流动比率 P#dG]NMf
(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) .u&&H_ UmE
【答案】 b
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(1)应选择营业收入作为计算重要性水平的基础。 Hrd5p+j
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 H(5S Kv5
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ..P=D <'f
销售毛利率=(64000-54000)/64000×100%=15.63% B)j`}7O06
总资产净利率=30/[(100000+90000)/2]=0.03% FbNH+?
流动比率=60000/20000=3 dXA{+<!!
(3) `l[6rf_.
a.应建议做如下审计调整分录: kcq9p2zKv
借:应收票据 6 000 000 F]K$u<U
贷:短期借款 5 820 000
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财务费用 180 000 SeRK7Q&_
b.应建议做如下审计调整分录: 8k+q7
借:预计负债 3 000 000 ^]#Ptoz^(l
贷:营业外支出 500 000 nvO%
其他应付款 2 500 000 "K}W^J9v