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)。 eeB{c.#
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: 4H&+dRI"
(Expressed in RMB thousands) 4|?;TE5
FINANCLAL STATEMENTS ITEMS h2d(?vOT
20×8 C LRdm^B
20×7 ,k3FRes3
q(84+{>B
Sales vr=#3>
64000 Lp9E:D->
48000 S"H2 7
&tj!*k'
Cost of sales <)D$51 &0
54000
ew4U)2J+
42000 H4+i.*T#
;:NJCu G
Net profit _oeS Uzq.
30 G4"F+%.
-20 4o[{>gW
Nj/
x. X
xJ.M;SF4
December 31, 20×8 nU7[c| =
December 31, 20×7 =T7.~W
0o&5]lEe
Inventory zdam^o
16000 tKXI
k9e
12000 k!Y, 63V=
u>vL/nI
Current assets o }m3y
60000 l.M0`Cn-%
50000 JB<t6+"rD
dSHDWu&
Total assets TB31-
()
100000 #Gi$DMW
90000 ]7A'7p$Y
t%8BK>AHvw
Current liabilities 4 #Jg9o
20000 r5^eNg k
18000 pd$[8Rmj_
5)X=*I
Total liabilities 2GG2jky{/
30000 4^<?Wq~
25000 MF'JeM;H
!dq.KwL
v`T
c}c '
During the audit, John has the following findings: @2i9n
(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: Wx#;E9=Im
Dr. Cash in Bank RMB 5820000 ~wdGd
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Dr. Financial Expenses RMB 180000 ;$Jo+#
Cr. Notes Receivable RMB 6000000 RxQ *
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: xoME9u0x4
Dr. Non-operating Expenses RMB 3000000
Q+{n-? :
Cr. Provisions RMB 3000000 0=$T\(0g
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 h{qgEIk&
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!bsM"F
Dr. Provisions RMB 3000000 2~[juWbz
Cr. Cash in Bank RMB 2500000 Pg{J{gn
Cr. Non-operating Income RMB 500000 /x *3}oI
Required: o4WDh@d5S
(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. 3OB"#Ap8<
(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: C,eu9wOT
(a)Inventory Turnover Rate in 20×8; nJ;.Td
(b)Gross Profit Ratio in 20×8; izR"+v
(c)After Tax Return on Total Assets in 20×8; and x?<FJ"8"k
(d)Current Ratio as at December 31, 20×8 Vjpy~iP4B
(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. %z$#6?OK^
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 -'Mf\h8
以下是未经审计财务报表的部分信息: ~$J2g
(单位:千元) `d(ThP;g
项目 20×8 20×7 fV~[;e;U.
营业收入 64 000 48 000 h2QmQ>y"
营业成本 54 000 42 000 fN2lLn9/u
净利润 30 -20 y1#1Ne_
2~2 O V
20×8年12月31日 20×7年12月31日 Ho]su?
存货 16 000 12 000 Zwx%7l;C
流动资产 60 000 50 000 B-mowmJ3dg
总资产 100 000 90 000
Fk;Rfqq
流动负债 20 000 18 000 s#GLJl\E_P
总负债 30 000 25 000 l+b~KU7~l
在审计过程中,约翰发现以下事项: }QmqoCAE~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: GA.8@3
借:银行存款5 820 000 'c~4+o4co
财务费用 180 000 $pz/?>!
贷:应收票据6 000 000 K)P%;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: rT>wg1:
借:营业外支出 3 000 000 @}ZVtrz
贷:预计负债 3 000 000 '<uq3?5
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: y)<q/
借:预计负债 3 000 000 ajpXL
贷:银行存款 2 500 000 H"F29Pu2
营业外收入 500 000 FGkVqZ Y2?
要求: oL<St$1
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 qJw_
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: *K;~!P
(a)20×8年存货周转率 {c0`Um3&>
(b)20×8年销售毛利率 ss-D(K"
(c)20×8年总资产净利率 i-&yH
(d)20×8年12月31日的流动比率 d d;T-wa}
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) @j/&m]6%-D
【答案】 *lb<$E]="!
(1)应选择营业收入作为计算重要性水平的基础。 }PpUAt~g
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>
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z?//rXuO
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 T]$U""
销售毛利率=(64000-54000)/64000×100%=15.63% #A.@i+Zv
总资产净利率=30/[(100000+90000)/2]=0.03% BJ0?kX@
流动比率=60000/20000=3 zBH2@d3W
(3) DV{=n C
a.应建议做如下审计调整分录: aQ~s`^D
借:应收票据 6 000 000 %XTI-B/K
贷:短期借款 5 820 000 ~)'k 9?0
财务费用 180 000 i mM_H;-X
b.应建议做如下审计调整分录: ']oQ]Yx0
借:预计负债 3 000 000 l;V173W=&
贷:营业外支出 500 000 o" SMbj
其他应付款 2 500 000 H)&R=s