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)。 -6~' cm
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: eCbf9B
(Expressed in RMB thousands) XFwLz
FINANCLAL STATEMENTS ITEMS I s57F4[}
20×8 dE`-\J
20×7 yx{3J
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Sales V\
5 L?}
64000 .3qu9eP
48000 KP"%Rm`XN
f2I6!_C!+
Cost of sales ;az5ZsvN
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54000 yzsab ^]
42000 hc
Cp,b
UL@9W6
Net profit Qeq5 gN]
30 @p=AWi
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-20 ksR1kvTm
W;6vpPhg#!
C#pZw[
December 31, 20×8 LtgXS
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December 31, 20×7 5sO@OV\
y
XMN:]!1J
Inventory "Dcs])7Q
16000 WCJxu}!
12000
{No L
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Current assets `Nh
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60000 cE'L% Z
50000 ~V=<3X
o]n!(f<(*
Total assets y@V_g'
100000 1j-te-}"c
90000 Y/ot3[
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Current liabilities @F*wg
20000 -Y 9SngxM
18000 yF._*9Q3hK
G_H?f\/
Total liabilities bizTd
30000 ![6EUMx
25000 oB1>x^
penlG36Q
SzDKByi
During the audit, John has the following findings: ]q5`YB%_
(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: Z#l%r0(o
Dr. Cash in Bank RMB 5820000 owpWz6k7
Dr. Financial Expenses RMB 180000 Ty(@+M~-
Cr. Notes Receivable RMB 6000000 BKa-
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(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: S8Fmy1#
Dr. Non-operating Expenses RMB 3000000 2aA`f7
Cr. Provisions RMB 3000000 |C%Pjl^YkV
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 2I1uX&g
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: '|>9C^E9X
Dr. Provisions RMB 3000000 0
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Cr. Cash in Bank RMB 2500000 <+#oBN
Cr. Non-operating Income RMB 500000 c?2MBtnu
Required: $h[QQ-
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. _Us*+
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(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: V! |qYM.
(a)Inventory Turnover Rate in 20×8; ''OfS D_g
(b)Gross Profit Ratio in 20×8; x"P);su
(c)After Tax Return on Total Assets in 20×8; and \vfBrN
(d)Current Ratio as at December 31, 20×8 /2M.~3gQ
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. f;SC{2 f
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 ;^Sr"v6r>u
以下是未经审计财务报表的部分信息: ma$Prd
(单位:千元) E`H$YS3o
项目 20×8 20×7 n(nBRCG)o
营业收入 64 000 48 000 ?Ucu#UO
营业成本 54 000 42 000 ]j~"mFAP
净利润 30 -20 ^\:8w0Y^
]'~vI/p
20×8年12月31日 20×7年12月31日 ^&/G|
存货 16 000 12 000 5BkV aF7Th
流动资产 60 000 50 000 -tsDMji~V
总资产 100 000 90 000 8x{B~_~
流动负债 20 000 18 000 l%R50aL
总负债 30 000 25 000 u}bf-;R
在审计过程中,约翰发现以下事项: /%aiEhL
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: 5m:i6,4
借:银行存款5 820 000 6C4'BCYW(
财务费用 180 000 ^[-el=oKn0
贷:应收票据6 000 000 g42)7
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: ;< )~Y-
借:营业外支出 3 000 000 s#Jh -+lM
贷:预计负债 3 000 000 *Oc.9 F88"
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: 9vNkZ-1
借:预计负债 3 000 000 Rv,JU6>i
贷:银行存款 2 500 000 x.0p%O=`
营业外收入 500 000 8n BL\{'B[
要求: am_gH
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 {K{EOB_u
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: o'~5pS(wq
(a)20×8年存货周转率 SQ,?N
XZ
(b)20×8年销售毛利率 :4)
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(c)20×8年总资产净利率 Sw`RBN[ yo
(d)20×8年12月31日的流动比率 @;xMs8@
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) <WXzh5D2
【答案】 LLWB
(1)应选择营业收入作为计算重要性水平的基础。 x6afI<dm
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 plu$h-$d
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 !J*,)kRN
销售毛利率=(64000-54000)/64000×100%=15.63% `u!l3VZ/4
总资产净利率=30/[(100000+90000)/2]=0.03% 'Djm0
流动比率=60000/20000=3 }u+a<:pkK
(3) ;VO.!5W@eg
a.应建议做如下审计调整分录: e6X[vc|Y}
借:应收票据 6 000 000 _ ~RpGX
贷:短期借款 5 820 000 )4?x5#
财务费用 180 000 ultG36.x
b.应建议做如下审计调整分录: ?.c;oS|
借:预计负债 3 000 000 =ItkFjhBc
贷:营业外支出 500 000 *?+V65~dW
其他应付款 2 500 000 (\"k&O{