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)。 FM"[:&>
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: 8
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(Expressed in RMB thousands) {yFMY?6rf
FINANCLAL STATEMENTS ITEMS f%/6kz
20×8 U.Fs9F4M #
20×7 P#9Pq,I
C'6c,
Sales RN2z/FUf
64000 jG%J.u^k
48000 Rxq4Diq5k
(7C$'T-ZK
Cost of sales |)OC1=As
54000 6~O;t'd
42000 |F +n7
~cf)wrP
Net profit a/n~#5-
30 TMD*-wYr
-20
Q">wl
0E7h+]bh|
0v|qP
December 31, 20×8 T>irW(
December 31, 20×7 ?L"x>$
e>Dux
Inventory /jSb^1\
16000
ma6Wr !J
12000 ~xJ^YkyH
&MBm1T|Y
Current assets kyf(V)APPu
60000 ,U~in)\
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50000 $S^rKp#
d*$x|B|V
Total assets AZ
SaI
100000 *i"Mu00b
90000 #n+sbx5~7
=N2@H5+7
Current liabilities f\z9?Z(~
20000 tILnD1q
18000 1ZXRH;J40
*,
R ~[g
Total liabilities P]7s1kgaS
30000 v}<z_i5/C.
25000 i "aQm
H'I5LYsXO~
f[q_eY
During the audit, John has the following findings: RN$q,f[#
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: ~ujg250.L
Dr. Cash in Bank RMB 5820000 = gcZ RoL
Dr. Financial Expenses RMB 180000 X7SSTcA
Cr. Notes Receivable RMB 6000000 knzQ)iv&&
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: u4x
J-Vu
Dr. Non-operating Expenses RMB 3000000 OqX+R4S
Cr. Provisions RMB 3000000 m/WDJ$d
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 )>]SJQ!k
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: ?sxf_0*
Dr. Provisions RMB 3000000 +A%zFF3
Cr. Cash in Bank RMB 2500000 F#
o{/u?T
Cr. Non-operating Income RMB 500000 kdMB.~(K=
Required: xOZv
Q\%
(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. 7o-}86x#
(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: 2|`~3B)#
(a)Inventory Turnover Rate in 20×8; 9lX[rBZ
(b)Gross Profit Ratio in 20×8; DvTbt?i[
(c)After Tax Return on Total Assets in 20×8; and xzRC %
(d)Current Ratio as at December 31, 20×8 mG%cE(j*D
(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. ^.M_1$-
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 p+2uK|T9
以下是未经审计财务报表的部分信息: z.W1Za
(单位:千元) ,88%eX|
项目 20×8 20×7 V{{UsEVO
营业收入 64 000 48 000 Koz0Xy
营业成本 54 000 42 000 {9hhfI#3_
净利润 30 -20 ">s0B5F7
r?x~`C
20×8年12月31日 20×7年12月31日 Ds\f?\Em
存货 16 000 12 000 `U;V-
流动资产 60 000 50 000 7VJf~\%1j
总资产 100 000 90 000 5d|+ c<
流动负债 20 000 18 000 )Y?E$=M+B
总负债 30 000 25 000 Q
EEX|WM
在审计过程中,约翰发现以下事项: QYWl`Yqf
(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: P2)g%$ME
借:银行存款5 820 000 os(}X(
财务费用 180 000 ,->
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贷:应收票据6 000 000 [ HjGdC
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: ,aa
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借:营业外支出 3 000 000 *oIKddZh
贷:预计负债 3 000 000 qche7kg!a
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: uMBb=
借:预计负债 3 000 000 sk. rJ
贷:银行存款 2 500 000 !" : arK
营业外收入 500 000 j MA%`*r
要求: +Jc-9Ko\c;
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 .gI9jRdKw
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: gOk^("@
(a)20×8年存货周转率 wJF$<f7P
(b)20×8年销售毛利率 g:
"Hg-s
(c)20×8年总资产净利率 Iq47^
(d)20×8年12月31日的流动比率 QpifO
(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) Zn'y"@%t[
【答案】 8\Eq(o}7
(1)应选择营业收入作为计算重要性水平的基础。
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ,@2d4eg4
ix}*whW=U
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Fw;Y)y=O
销售毛利率=(64000-54000)/64000×100%=15.63% QLTE`t5w3'
总资产净利率=30/[(100000+90000)/2]=0.03% wT\dzp>/
流动比率=60000/20000=3 ~#[ ZuMO?
(3) "?sLi
a.应建议做如下审计调整分录: PiIILX{DuH
借:应收票据 6 000 000 H
%PIE1_
贷:短期借款 5 820 000 o6;VrpaNi
财务费用 180 000 !!t@H\
b.应建议做如下审计调整分录: SHPZXJ{
借:预计负债 3 000 000 ZZ6F0FLXJ
贷:营业外支出 500 000 GgjBLe=C
其他应付款 2 500 000 F[OBPPQ3