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)。 o>';-} E
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: 9axJ2J'g
(Expressed in RMB thousands) eZ(<hE>
FINANCLAL STATEMENTS ITEMS ?
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20×8 EdhT;!
20×7 YrS%Yvhj0
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Sales weEmUw Z
64000 2a3hm8%U
48000 3tMs613
Ayadvi(@P
Cost of sales Z}5;K"T/
54000 cP''
42000 `i<;5s!rX
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Net profit jV;&*4if
30 HcXyU/>D
-20 ^,]'Ut
: |#Iw
5P9hm[
December 31, 20×8 E5w.wx
December 31, 20×7 ;;pxI5
TL ;2,@H`
Inventory HF"
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16000 HeZ! "^w
12000 12M&qqV
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Current assets Uc/MPCqZ
60000 w4H3($
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50000 ~@S5*(&8
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Total assets @%q0fj8b
100000 Q/o!&&
90000 D642}VD
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Current liabilities X
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20000 ?vuM'UH-
18000 ,R5NKWo
9JV(}v5[
Total liabilities x48Y#"'
30000 uvz}qH@j/Q
25000 X[\b!<C
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During the audit, John has the following findings:
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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: 8 !]$ljg
Dr. Cash in Bank RMB 5820000 PdcF
Dr. Financial Expenses RMB 180000 cobq+Iyu
Cr. Notes Receivable RMB 6000000 hPLQ)c?
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: B.vg2N
Dr. Non-operating Expenses RMB 3000000 !:PF |dZ
Cr. Provisions RMB 3000000 xWWfts1t
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 UKMr,{iy
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: ~gQ$etP
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Dr. Provisions RMB 3000000 -H5n>j0!{
Cr. Cash in Bank RMB 2500000 w'oP{=y[
Cr. Non-operating Income RMB 500000 3YVG|Bc~_
Required: m/gl7+
(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. o65:)z
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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: 'L4@|c~x
(a)Inventory Turnover Rate in 20×8; 1A"h!;0
(b)Gross Profit Ratio in 20×8; 6 "U&i9
(c)After Tax Return on Total Assets in 20×8; and C8>zr6)1
(d)Current Ratio as at December 31, 20×8 m:CiXM
(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. xq+$Q:f
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 hG .>>
以下是未经审计财务报表的部分信息: OQ;'Xo
(单位:千元) 9kss)xy
项目 20×8 20×7 >MZWm6M8
营业收入 64 000 48 000 e@"1W
营业成本 54 000 42 000 [ R1S+i
净利润 30 -20 `
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20×8年12月31日 20×7年12月31日 ]BGWJ A5
存货 16 000 12 000 A ^@:Ps
流动资产 60 000 50 000 ~9c?g(0
总资产 100 000 90 000 dmI,+hHtL
流动负债 20 000 18 000 ,6:ya8vB
总负债 30 000 25 000 H)S" `j
在审计过程中,约翰发现以下事项: :=WiT_M
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: 4^vEMq8lB
借:银行存款5 820 000 (oO*|\9u
财务费用 180 000 %tEjf
3
贷:应收票据6 000 000 F* "
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: H~UxVQLPp
借:营业外支出 3 000 000 rt)70=
贷:预计负债 3 000 000 <cm,U)j2
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: |!:ImX@
借:预计负债 3 000 000 ,4wVQ(,?cd
贷:银行存款 2 500 000 N)|mA)S)
营业外收入 500 000 .^j 6
要求: P6V_cw$
(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。 %>B?WR\yE
(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: rKEi1b
(a)20×8年存货周转率 b)RU+9x &
(b)20×8年销售毛利率 aZEi|\VU
(c)20×8年总资产净利率 m?bd
6'&FR
(d)20×8年12月31日的流动比率 x
LR
2H>B}
(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) LN}eD
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【答案】 k4r;t: O ^
(1)应选择营业收入作为计算重要性水平的基础。 mpfc2>6Il.
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 H1X3 8
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 `_Iy8rv:P
销售毛利率=(64000-54000)/64000×100%=15.63% V)#se"GV
总资产净利率=30/[(100000+90000)/2]=0.03% C[MZ9r
流动比率=60000/20000=3 aC:Sy^Tf
(3) dx}) 1%
a.应建议做如下审计调整分录: )
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借:应收票据 6 000 000 ^]:w5\DG
贷:短期借款 5 820 000 5VIc
财务费用 180 000 &
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b.应建议做如下审计调整分录: a_Y*pOu
借:预计负债 3 000 000 =>nrU8x
贷:营业外支出 500 000 .w=( G
其他应付款 2 500 000 Im7<\
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