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)。 qhFWQ1W
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: %XX(x'^4
(Expressed in RMB thousands) 4'Svio
FINANCLAL STATEMENTS ITEMS T1\LS*~!
20×8 #le1
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20×7 tZW2TUM]
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Sales #H0-Fwo
64000 r
b"J{^
48000 4 f)B@A-
|ia#Elavo
Cost of sales P2U^%_~
54000
U`G
42000 #@rvoi
3sh}(
Net profit zEHX:-f8
30 FTVV+9.l:
-20 s7"NK"
aYJTSgW
uq.!{3)8
December 31, 20×8 })v`` +
December 31, 20×7 M>eMDCB\
Yo 0wufbfV
Inventory sbeS9vE
16000 %5?Zjp+9
12000 =tk O^
Mj9Mv<io
Current assets gK_^RE9~
60000 *H2@lr
c
50000 yYdow.b!
50<QF
Total assets Q%_QT0H9Kz
100000 d[0R#2y=
90000 ]AB<OjF1c|
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Current liabilities \LN!k-c
20000 >}"9heF
18000 [w1 4hHnq
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Total liabilities Em<B9S
30000 sGAOK%28
25000 lG1\41ZxB
ZH~=;S-t
_~QiQDq
During the audit, John has the following findings: AGWs>
(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: *F^t)K2
Dr. Cash in Bank RMB 5820000 mqt$'_M
Dr. Financial Expenses RMB 180000 3i*HwEh
Cr. Notes Receivable RMB 6000000 3J3Yt`
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: Ha)Vf +W
Dr. Non-operating Expenses RMB 3000000 /WxCsQn
Cr. Provisions RMB 3000000 TJO?BX_9
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 hI$IBf>
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: nT:F{2 M
;
Dr. Provisions RMB 3000000 6T9?C|q
Cr. Cash in Bank RMB 2500000 j5Cf\*B4J
Cr. Non-operating Income RMB 500000 ^o LMgz
Required: x\i+MVR-
(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. PwC9@c%c
(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: 3FglzJ
(a)Inventory Turnover Rate in 20×8; CVAX?c{
(b)Gross Profit Ratio in 20×8; ZL7#44
(c)After Tax Return on Total Assets in 20×8; and t+l{D#?a
(d)Current Ratio as at December 31, 20×8 _?I6[Mz
(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. 9OS~;9YR
【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。 Ux!q(9<_
以下是未经审计财务报表的部分信息: ,SF>$
.
(单位:千元) .FdzEauVc
项目 20×8 20×7 /S #Z.T~~
营业收入 64 000 48 000 M669G;w(K
营业成本 54 000 42 000 _kZ&t_]
净利润 30 -20 r+W;}nyf
r .`&z
20×8年12月31日 20×7年12月31日 @UK%l
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存货 16 000 12 000 A=f)ntH~
流动资产 60 000 50 000 KKRj#m(:!
总资产 100 000 90 000 _, r6t
流动负债 20 000 18 000 kZK1{
总负债 30 000 25 000 ;uhpo
在审计过程中,约翰发现以下事项: sDZ
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(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: }v`Z.?|Z
借:银行存款5 820 000 r}4
财务费用 180 000 Maw$^Tz,
贷:应收票据6 000 000 k++"
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: XEL~y
借:营业外支出 3 000 000 i4dy0jfN
贷:预计负债 3 000 000 hcT5> w[
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: V2B:
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借:预计负债 3 000 000 Ge=|RAw3
贷:银行存款 2 500 000 \!Wph5wA
营业外收入 500 000 l|S_10x5
要求: G
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(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 ai]KH7
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: iI$;%uY3g
(a)20×8年存货周转率 _x]q`[Dih
(b)20×8年销售毛利率 Vwpy/5Hmp
(c)20×8年总资产净利率 K9_@[}Ge
(d)20×8年12月31日的流动比率 ] ]lN[J
(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
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【答案】 vduh5.
(1)应选择营业收入作为计算重要性水平的基础。 APv&
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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。 C5^9D
9`Y\`F#}q
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ?2<V./2F
销售毛利率=(64000-54000)/64000×100%=15.63% I~&*8)xM
总资产净利率=30/[(100000+90000)/2]=0.03% fD#!0^
流动比率=60000/20000=3 \y0]BH
(3) |H'wDw8
a.应建议做如下审计调整分录: 'p&q}IO
借:应收票据 6 000 000 `OHdo$Y9
贷:短期借款 5 820 000 4Jk[X>I~
财务费用 180 000 qpX`ZY^
b.应建议做如下审计调整分录: h/NI5
借:预计负债 3 000 000 C[[:/X(c
贷:营业外支出 500 000 D"<>!]@(a
其他应付款 2 500 000 ~mvD|$1z