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)。 SAitufS
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: ZXo;E
(Expressed in RMB thousands) `#W+pO
FINANCLAL STATEMENTS ITEMS CvZ\Z472.j
20×8 6~jAh@-
20×7 OXpN8Dh5
x%k@&d;z
Sales NNr6~m)3v
64000 QL7.QG
48000 `YwJ.E
KX;JX*)J
Cost of sales f|_\GVW
54000 fwA8=oSZd
42000
mT -[I<
2<!IYEyT
Net profit nhMxw@ Z\
30 h*
40jZ
-20 v,*C>u\3s
a6;[Z
JF~9efWe>
December 31, 20×8 Sx
J0Y8#z
December 31, 20×7 1anh@T.
Eq
tL&UHe
Inventory e-v|
16000 5y
g`TW
12000 )qMbk7:v\
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Current assets Ua:@,};
60000 EAXl.Y.
$
50000 Ye$j43b
?ZGsh7<k
Total assets /W*Z.
100000 5rbb
,*
90000 P%Vq#5
z k}AGw
Current liabilities '@@!lV
20000 45wtl/^9
18000 K, !
V _
#\=7A
Total liabilities ff R%@
30000 -8FUR~WJ
25000 ^vT!2
4sK
z7AWWr=H
JttDRNZAU
During the audit, John has the following findings: R)*DkL!
(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: N8Z z6{rp
Dr. Cash in Bank RMB 5820000 \5! 7zPc
Dr. Financial Expenses RMB 180000 T_D] rMl
Cr. Notes Receivable RMB 6000000 _ {wP:dI "
(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: |BZrV3;H
Dr. Non-operating Expenses RMB 3000000 *IWW,@0
Cr. Provisions RMB 3000000 _h#I}uJ~
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 of_y<dd[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: I-g/)2
Dr. Provisions RMB 3000000 S :}"gwFM
Cr. Cash in Bank RMB 2500000 QM3DB
Cr. Non-operating Income RMB 500000 [yk-<}#B
Required: I_z(ft.
(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. -j]k^
(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: X|Y(* $?D7
(a)Inventory Turnover Rate in 20×8; E}S%yD[
(b)Gross Profit Ratio in 20×8; `ROHB@-
(c)After Tax Return on Total Assets in 20×8; and O8bxd6xb
(d)Current Ratio as at December 31, 20×8 EV{Ys}3M
(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. !YjxCx
【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。 /QyKXg6)l
以下是未经审计财务报表的部分信息: 2 HQ3G~U
(单位:千元) B T"R"w
项目 20×8 20×7 0&]1s
营业收入 64 000 48 000 P][jB
营业成本 54 000 42 000 b \`S[
净利润 30 -20 cXqYO|3/M
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20×8年12月31日 20×7年12月31日 z
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存货 16 000 12 000 _7;:*'>a4
流动资产 60 000 50 000 jmkOu5@
总资产 100 000 90 000 n:`f.jG |
流动负债 20 000 18 000 rfEWh
Vy(}
总负债 30 000 25 000 A)C)5W
在审计过程中,约翰发现以下事项: 9)'f)60^
(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: ;50&s .gZ
借:银行存款5 820 000 )'U0n`=
财务费用 180 000 X@DW1<wEt
贷:应收票据6 000 000 J>}J~[ap\J
(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: edq,:
借:营业外支出 3 000 000 18Y#=uH}
贷:预计负债 3 000 000 gd*Gn"
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: mvZ#FF1,J
借:预计负债 3 000 000 ={ms@/e/T
贷:银行存款 2 500 000 \$wkr
营业外收入 500 000 ,.W7Z~z
要求:
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(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。 [|KvlOvP
(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: WrGnLE
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(a)20×8年存货周转率 <R /\nY Xz
(b)20×8年销售毛利率 R03 Te gwA
(c)20×8年总资产净利率 \4>,L_O
(d)20×8年12月31日的流动比率 &2`p#riAS
(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) rtj`FH??11
【答案】 ~x9]?T
(1)应选择营业收入作为计算重要性水平的基础。 @9B*V~ <
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ^E.
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 |R0f--;
销售毛利率=(64000-54000)/64000×100%=15.63% ]A3
总资产净利率=30/[(100000+90000)/2]=0.03% 6UeY Z g
流动比率=60000/20000=3 |]*3En:
(3) k9;^|Cm
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a.应建议做如下审计调整分录: 1[SG.
借:应收票据 6 000 000 !=YKfzE
贷:短期借款 5 820 000 ;ItH2Lw<&
财务费用 180 000 *i]?J
b.应建议做如下审计调整分录: HYfGu1j?X
借:预计负债 3 000 000 fgdR:@]-
贷:营业外支出 500 000 XnQR(r)pR2
其他应付款 2 500 000 5 aA*
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