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)。 HI\f>U
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: e j%;%`C-
(Expressed in RMB thousands) ] 5v4^mk
FINANCLAL STATEMENTS ITEMS ^YR|WK Y
20×8 !UoU#YU
20×7 vM7v f6
ncattp
Sales s
S5fd)x
64000 i*CQor6|z
48000 rS )b1nPA
xs'kO=
Cost of sales <*
"pra{3
54000
ml.;wB|
42000 4r[pMJiq
LuP?$~z
Net profit ]hE+$sKd
30 /3Nb
-20 XDkS
^9
$iqi:vY
>u5g?yzw
December 31, 20×8 0UGiPH,()
December 31, 20×7 j\'+wVyo
?,:#8.9
Inventory pSQCT
16000 8b 8\
12000 ')5L_$
b>QM~mq3^I
Current assets =1*%>K
60000 qA/#IUi)1
50000 ^+.t-3|U
=0h|yjnL/
Total assets 6!+X.+
100000 K)/!&{7n}a
90000 wKk
3)@il
kz0I2!bt
Current liabilities m
\/,cc@,
20000 O[IR|
18000 1Sg|3T8bGT
ut4r~~Ar
Total liabilities |
"Jx
30000 -".kH<SWv
25000
hIVI\U,
V)0[`zJ
wfBuU>
During the audit, John has the following findings: VyecTU"W
(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\v7Xw{9
Dr. Cash in Bank RMB 5820000 Ao
zm
O
Dr. Financial Expenses RMB 180000 X-kXg)!Bg
Cr. Notes Receivable RMB 6000000 4D^ M<Xn
(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: HKTeqH_:
Dr. Non-operating Expenses RMB 3000000 $A;7Em
Cr. Provisions RMB 3000000 P>*Fj4Z~
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ]By0Xifew
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: <.,RBo
Dr. Provisions RMB 3000000 4l lD6&%
Cr. Cash in Bank RMB 2500000 /"""z=q
Cr. Non-operating Income RMB 500000 Nfv="t9e
Required: {ExII<=6
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. `FA)om
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: N[qA2+e$Z
(a)Inventory Turnover Rate in 20×8; +
a-wv
(b)Gross Profit Ratio in 20×8; ePp[m
zg6
(c)After Tax Return on Total Assets in 20×8; and v:rD3=M-
(d)Current Ratio as at December 31, 20×8 LH=d[3Y
(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. -7>^
rR V
【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。 "7=bL7wM&
以下是未经审计财务报表的部分信息: WD15pq l
(单位:千元) w4\BD&7V
项目 20×8 20×7 X=v~^8M7%
营业收入 64 000 48 000 x3Nkp4=Xd
营业成本 54 000 42 000 w
&p~0cA~
净利润 30 -20 JY{X,?s
QVIcb;&:}
20×8年12月31日 20×7年12月31日 Wrmgu}q
存货 16 000 12 000 i[$-_
流动资产 60 000 50 000 7MY)\aH
总资产 100 000 90 000 ,{k<JA{
流动负债 20 000 18 000 :?HSZocf
总负债 30 000 25 000 _
XE;-weE
在审计过程中,约翰发现以下事项: Y[W6Sc
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: NW
z9C=y
借:银行存款5 820 000 0 _Q*E3
财务费用 180 000 oJ
^C]E
贷:应收票据6 000 000 r"R(}`<,
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: k+FMZ,D|
借:营业外支出 3 000 000 N83!C=X'
贷:预计负债 3 000 000 .iFViVZC
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: ]?[zx'|
借:预计负债 3 000 000 8tU>DJ}0
贷:银行存款 2 500 000 d]U`?A,
营业外收入 500 000 &=G)NeT_
要求: HLVQ7
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 '|Qd0,Z
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: a$d:_,\"
(a)20×8年存货周转率 lbRzx4=\y
(b)20×8年销售毛利率 k@S)j<
(c)20×8年总资产净利率 |2O')3p"9
(d)20×8年12月31日的流动比率 Cl,9yU)1n
(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) .}o~VT:!?Y
【答案】 Q| ?'(J+
(1)应选择营业收入作为计算重要性水平的基础。
7%
e1cI
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ;AKwx|I$g
>?z:2@Q)B
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 wh%xkXa[ur
销售毛利率=(64000-54000)/64000×100%=15.63% a0PE^U
总资产净利率=30/[(100000+90000)/2]=0.03% ymYBm:"
流动比率=60000/20000=3 @Tm`d ?^
(3) Pb#P`L7OB
a.应建议做如下审计调整分录: jgG
$'|s}
借:应收票据 6 000 000 ?=<~^Lk
贷:短期借款 5 820 000 CphF
v!k'Z
财务费用 180 000 ]Ko^G_
Rm
b.应建议做如下审计调整分录: Qlw>+y-i
借:预计负债 3 000 000 qe<Hfp/p
贷:营业外支出 500 000 yNBv-oe5
其他应付款 2 500 000 P1MvtI4gm