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)。 DrV0V
.t,
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: wjg}[R@!
(Expressed in RMB thousands) hqWPf
FINANCLAL STATEMENTS ITEMS -}AE\q
Xs/
20×8 XL?Aw
20×7 Z3I L8
/\TlO.B=
Sales 7zi"caY
64000 xtu]F
48000 ){jqfkL
J,`_,T
Cost of sales afV
P-m4L
54000 0JrK/Ma3
42000 zdT ->%
uJm #{[
Net profit )MMhlcNC
30 [ArO$X3\
-20 zv|M*Wu
,Os7T 1>
&,_?>.\[<
December 31, 20×8 B5
tx f.
December 31, 20×7 7s$6XO!
`Q+
i-y
Inventory D@}St:m}
16000 _u`
B3iG
12000 L;nZ0)@@l
u% r!?-z
Current assets #efqG
=q
60000 q!9^#c
50000 }=xI3;7
s&Z35IM8|
Total assets ;7wwY$PBH
100000 Q
R|XV%$
90000 4LJ]l:m
Vx}Yl&*D
Current liabilities K`,nW6\
20000 Rd .U;>
18000 <8g *O2
2Ti" s -
Total liabilities J&n ^y
30000 Y>(ZsHu
25000 HDa~7wE
/0Rt +`
Kp$_0
During the audit, John has the following findings: +p8qsT#7
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: d*]Dv,#X
Dr. Cash in Bank RMB 5820000 y
*y`t6D
Dr. Financial Expenses RMB 180000 9"[!EKW
Cr. Notes Receivable RMB 6000000 v&k>0lV,^
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: M-}j9,oR`
Dr. Non-operating Expenses RMB 3000000 ',L{CQA?c
Cr. Provisions RMB 3000000 cZCGnzy
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 "sz.v<F0:s
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: 6#OL
;Y]_
Dr. Provisions RMB 3000000 3D]2$a_
d
Cr. Cash in Bank RMB 2500000 8=lHUn9l
Cr. Non-operating Income RMB 500000 HGU?bJ~6o
Required: aW52.X z%8
(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. L$oia)%t-
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: 7Qm;g-)f
(a)Inventory Turnover Rate in 20×8; D2>hMc
(b)Gross Profit Ratio in 20×8; #
q0Ub-
(c)After Tax Return on Total Assets in 20×8; and <O
<'1uO,
(d)Current Ratio as at December 31, 20×8 DBqg_v
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored.
TBoM{s=.
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 N1D6D$s 0
以下是未经审计财务报表的部分信息: K> c8r8!
(单位:千元) va`l*N5
项目 20×8 20×7 %RCl+hOP.h
营业收入 64 000 48 000 [0mFy)6
营业成本 54 000 42 000 ?Zc/upd:$N
净利润 30 -20 oG4w8+N
NB|RZf9M
20×8年12月31日 20×7年12月31日 g:G%Ei~sF
存货 16 000 12 000 gaLEhf^
流动资产 60 000 50 000 Verbmeg&n
总资产 100 000 90 000 m;;0 Cl
流动负债 20 000 18 000 aF;]7i@
总负债 30 000 25 000 z5|e\Z
在审计过程中,约翰发现以下事项: 3i@ "D
(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: ]7XkijNb
借:银行存款5 820 000 .}L-c>o"o
财务费用 180 000 oTplxF1
贷:应收票据6 000 000 PK:o}IWn~x
(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: nG4Uk2>
借:营业外支出 3 000 000 u7<qaOzs?
贷:预计负债 3 000 000 Q:-%3)g<<
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: zIA
u3
借:预计负债 3 000 000 BCj`WF@8l{
贷:银行存款 2 500 000 @2GhN&=
营业外收入 500 000 ;~'cIT
L
要求: Rye~w6
(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。 a>&;K@
(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: ain#_H
(a)20×8年存货周转率 #{)r*"%
(b)20×8年销售毛利率 Yj^avO=;
(c)20×8年总资产净利率 6b#:H~ <
(d)20×8年12月31日的流动比率 L|C1
C
cP
(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) =|qt!gY)Y
【答案】 RTPq8S"
(1)应选择营业收入作为计算重要性水平的基础。
d'Ik
@D]I
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 K$37}S5
Vid{6?7kh
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ~RZJ/%6F
销售毛利率=(64000-54000)/64000×100%=15.63% `uM0,Z
总资产净利率=30/[(100000+90000)/2]=0.03% ] dm1Qm
流动比率=60000/20000=3 ]<\;d
B
(3) |dB1R%
a.应建议做如下审计调整分录: )JY_eG&2Dx
借:应收票据 6 000 000 BST7y4R)BS
贷:短期借款 5 820 000 q{9X.-]}
财务费用 180 000 s{1Deek=
b.应建议做如下审计调整分录: p ,[XT`q^
借:预计负债 3 000 000 r{/ G\
贷:营业外支出 500 000 9rpg1 0/T
其他应付款 2 500 000 P*0nT