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)。 u?LW+o
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"x`+?!
(Expressed in RMB thousands) -6.i\
B
FINANCLAL STATEMENTS ITEMS O7Y
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20×8 *93l${'
20×7 u&hDjE
m^W*[^p
Sales d m/-}
64000 &;SwLDF"1
48000 My'9S2Y8nv
FN{H\W1cf
Cost of sales [a#?}((
54000 cKvAR5|
42000 B]+7 JB
nsM>% +o
Net profit v
Ie=wf~D`
30 DctX9U(
-20 c+)36/; X
%OezaNOtm
<-Kb@V3
December 31, 20×8 y@2vY[)3s
December 31, 20×7 4eDmLC"Y
*
j\i;'t}8g
Inventory (Von;U
16000 P>yG/:W;
12000 r_!{!i3
B
-52@%uB
Current assets E-5ij,bHv3
60000 op.PS{_t
50000 0XBBA0tq
v%69]a-T
Total assets Fyi?,,
100000 n',9#I(!L
90000 qY*%p
t
wa(M?
Current liabilities i"2J5LLv
20000 df21t^0/
18000 Mdy0!{d
&k%wOz1vM
Total liabilities L~?,6
30000
k=ior
25000 @4W\RwD
ZYl-p]\*y
Xv?
S
During the audit, John has the following findings: l"~h1xk~
(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: &kr_CP:;
Dr. Cash in Bank RMB 5820000 W_e-7=6
Dr. Financial Expenses RMB 180000 j:de}!w
c
Cr. Notes Receivable RMB 6000000 kG|>_5
(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: P@! Q1pr
Dr. Non-operating Expenses RMB 3000000 1A)wbH)
Cr. Provisions RMB 3000000 b3y,4ke"
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ~,M;+T}[r
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: #V(Hk )
Dr. Provisions RMB 3000000 Z7KB?1{G
Cr. Cash in Bank RMB 2500000 ]/<Qn-BbU
Cr. Non-operating Income RMB 500000 ya*q; D
Required: m\}\RnZu
(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. @4
(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: 7DHT)9lD/
(a)Inventory Turnover Rate in 20×8; zn?a|kt
(b)Gross Profit Ratio in 20×8; ]
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(c)After Tax Return on Total Assets in 20×8; and ')yF0
(d)Current Ratio as at December 31, 20×8 Q%AS;(d
(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. -67f33
【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。 Xx9~
以下是未经审计财务报表的部分信息: l+3%%TV@L
(单位:千元) BHRrXC\
项目 20×8 20×7 %;"B;~
营业收入 64 000 48 000 VW<"c 5|
营业成本 54 000 42 000 2!~>)N
净利润 30 -20 :+Z>nHe
j.yr5%
20×8年12月31日 20×7年12月31日 DY+8m8!4H
存货 16 000 12 000 AIRVvW~($
流动资产 60 000 50 000 [&]YVn>kj
总资产 100 000 90 000 WkU)I2oH
流动负债 20 000 18 000 ytBxe]
总负债 30 000 25 000 |]2eGrGj4
在审计过程中,约翰发现以下事项: Jz:W-o
(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: 6&xW9' 6b:
借:银行存款5 820 000 !tFU9Zt
财务费用 180 000 1+PNy d
贷:应收票据6 000 000 ][>M<J
(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: i5~ /+~
借:营业外支出 3 000 000 @u'27c_<d3
贷:预计负债 3 000 000 oRJP5Y5na
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: TF}4X;3Dsy
借:预计负债 3 000 000 "=Fn.r4I
贷:银行存款 2 500 000 exrt|A]_[
营业外收入 500 000 o"+&^
要求: oE|{|27X
(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。
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(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: c_8 mQ
(a)20×8年存货周转率 DHu jpZXQ
(b)20×8年销售毛利率 uK&wS#uY
(c)20×8年总资产净利率 9|kEq>d
(d)20×8年12月31日的流动比率 Iy1Xn S*
(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) .5Z@5g
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【答案】 ?\p%Mx?
(1)应选择营业收入作为计算重要性水平的基础。 1-Wnc'(OK
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ^$s~qQQ}B
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 mLxwJ
销售毛利率=(64000-54000)/64000×100%=15.63% `))J8j"
总资产净利率=30/[(100000+90000)/2]=0.03% $P}]|/Yb
流动比率=60000/20000=3 lt(-,md
(3) Jv{"R!e"P
a.应建议做如下审计调整分录: E,yzy[gl
借:应收票据 6 000 000 @v-)|8GdY
贷:短期借款 5 820 000 (9[C0e S
财务费用 180 000 uRq#pYn@
b.应建议做如下审计调整分录: $v}8lBCr3
借:预计负债 3 000 000 Z-sN4fr a
贷:营业外支出 500 000 6Bq2?;5
其他应付款 2 500 000 )eGu4iEPM