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)。 _0Wdm*
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: a=C?fh
(Expressed in RMB thousands) gsT%_2>CL
FINANCLAL STATEMENTS ITEMS 6=|Q>[K
20×8 _K/h/!\n
20×7 +Uj~zx@
.@ 1\26<
Sales 8FbBv"LI,g
64000 ?i9LqHL
48000 %H%>6z x
B4U+q|OD#
Cost of sales Yckl,g_
54000 Pm"
,7
42000 NV*t
_(oJ8h(
Net profit ZTHrjW1
30 'nW:2(J
-20 $Fr$9 jq&
*3.
]
FDpNM\SR1l
December 31, 20×8 y{"8VT)
December 31, 20×7 F<G.!Y8!&
syBYH5
Inventory UI hB
16000 njvmf*A?S
12000 ~Dgui/r9J
dHd{9ftyF
Current assets 1.jW^sM
60000 u3ce\
50000 2nOQ48haT
4sROMk=l
Total assets 5?6ATP:[
100000 [Zgy,j\\
90000 S(/@.gI:f
[,G]#<G?q
Current liabilities a Se.]_
20000 oX!s u
18000 fZXd<Fg+
(3=. 3[
Total liabilities p2w/jJMD
30000 !4-NbtT
25000 /C3=-Hp
r
py`Wz/[
")ZHa qEB
During the audit, John has the following findings: )3z.{.F
(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: /T*{Mo{B
Dr. Cash in Bank RMB 5820000 :'.-*Ew
Dr. Financial Expenses RMB 180000 M.H4ud
Cr. Notes Receivable RMB 6000000 ilpg()
(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:
O `rrg~6#
Dr. Non-operating Expenses RMB 3000000 Ntg#-_]
Cr. Provisions RMB 3000000 AF **@
iG
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 }]tSWVb*
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: x$6-7<p
Dr. Provisions RMB 3000000 sHh2>f@x$
Cr. Cash in Bank RMB 2500000 AE^&hH0^
Cr. Non-operating Income RMB 500000 5%,n[qj4IT
Required: F'|,(P
(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.b
(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: uK): d&]Ux
(a)Inventory Turnover Rate in 20×8; \h_hd%'G
(b)Gross Profit Ratio in 20×8; %xWmzdn
(c)After Tax Return on Total Assets in 20×8; and o3}12i S
(d)Current Ratio as at December 31, 20×8 PMkwY{.u
(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. @AVx4,!>[
【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。 bNIT 1'v
以下是未经审计财务报表的部分信息: L'z?M]
(单位:千元) %3"3OOT7
项目 20×8 20×7 4zfgtg(
营业收入 64 000 48 000 "ve?7&G7U
营业成本 54 000 42 000 >-+MWu=
净利润 30 -20 QIo|t!7F
uCmdNY
20×8年12月31日 20×7年12月31日 m0/J3
存货 16 000 12 000 ]P]
lG-
流动资产 60 000 50 000 ed*=p
l3.
总资产 100 000 90 000 UDuKG\_J<y
流动负债 20 000 18 000 h_y<A@[P}
总负债 30 000 25 000 $W`
&7
在审计过程中,约翰发现以下事项: zM[WbB+"m
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: &tp5y}=n
借:银行存款5 820 000 5p"*nkF
财务费用 180 000 KGK8;Q,O
贷:应收票据6 000 000 w&C SE
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: F)v+.5T1
借:营业外支出 3 000 000 c.jnPVf:
贷:预计负债 3 000 000 MS,H12h
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: 1mA)=hu
借:预计负债 3 000 000 T|
9Yo=UK%
贷:银行存款 2 500 000 y]cx}9~
营业外收入 500 000 REFisH-
要求: 1Kwl_jf
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 )Q7;)iPY#
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: ?Vt$
(a)20×8年存货周转率 mb\vHu*53
(b)20×8年销售毛利率 9
x{T"'
(c)20×8年总资产净利率 $Q]`+:g*}
(d)20×8年12月31日的流动比率 *7!}[ v_
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) 7 yF#G 9,
【答案】 US>
m1KsX
(1)应选择营业收入作为计算重要性水平的基础。 ub.pJJlC
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 d7KeJ$xy}p
hhYo9jTHW
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ^{Syg;
F=
销售毛利率=(64000-54000)/64000×100%=15.63% b/ZX}<s(1=
总资产净利率=30/[(100000+90000)/2]=0.03% P+"#xH
流动比率=60000/20000=3 1F[;
)@
(3) ]T
zN*6o
a.应建议做如下审计调整分录: h3O5DP6~
借:应收票据 6 000 000 vi lNl|
贷:短期借款 5 820 000 & qd:o}
财务费用 180 000 ~49+$.2
b.应建议做如下审计调整分录: ;5y!,OF6
借:预计负债 3 000 000 ;&:UxmTf
贷:营业外支出 500 000 [vV-0Lx"
其他应付款 2 500 000 '7_'s1