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)。 2&b?NqEeZ
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: , yd]R4M
(Expressed in RMB thousands) z:gp
\
FINANCLAL STATEMENTS ITEMS 2?c#
#Izn
20×8 d1]1bN4`"0
20×7 fGtYvl O-5
=5l20
Um
Sales PoB-:G6
64000 |^:qJ;dOP
48000 qnc?&f
Z(h.)$yH*=
Cost of sales ~6nY5
54000 Nv[MU@Tv
42000 ,;D$d#\"
i$?$X,
Net profit 84U?\f@u
30 iY[+BI:
-20 XK+"
x!
%$Smei
4>t'4p6{
December 31, 20×8 7$zeRYD+
December 31, 20×7 aTWCX${~b
{3LAK[C
Inventory {r>iUgg
16000 zhdS6Gk+
12000 QKB*N)%6
(/ qOY
Current assets ATG;*nIP
60000 ]_5qME#N
50000 3xX^pjk
*Ei(BrL/;
Total assets ! 'qY
100000 ^!v{
>3
90000 <
M o
ABaK60.O[O
Current liabilities A||,|He~
20000 =bHS@h8N<
18000 &l8eljg
Q94Lq~?YF
Total liabilities \8<ZPqt9
30000 |L<p90
25000 (ebC80M
h1
npaD!
U_KCN09
During the audit, John has the following findings: Fm#`}K_
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: YwizA}a#
Dr. Cash in Bank RMB 5820000 /$'|`jKsB
Dr. Financial Expenses RMB 180000 T
B(K&3_D
Cr. Notes Receivable RMB 6000000 =THRyZCH
(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: Ys@OgdS@:
Dr. Non-operating Expenses RMB 3000000 =kP|TR!o-
Cr. Provisions RMB 3000000 ]tx/t^&/\u
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 `UD,ne
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: $n=w
Dr. Provisions RMB 3000000 OpD%lRl
Cr. Cash in Bank RMB 2500000 3j7Na#<tL3
Cr. Non-operating Income RMB 500000 :\F1S:&P
Required: <Toy8-kj
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. #V$h?`qhwr
(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: wTe 9OFv
(a)Inventory Turnover Rate in 20×8; snicVzvA
(b)Gross Profit Ratio in 20×8; oJ.5! Kg
(c)After Tax Return on Total Assets in 20×8; and <~teD[1k"
(d)Current Ratio as at December 31, 20×8 mJ>msI
@
(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. JUCp#[q
【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。 b*)F7{/Z
以下是未经审计财务报表的部分信息: )#l&BV5
(单位:千元) %?X6TAtH
项目 20×8 20×7 gwyX
%9
营业收入 64 000 48 000 {!&^VXZIT
营业成本 54 000 42 000 =Cc]ugl7-
净利润 30 -20 q:MSV{k
e'|IRhr
20×8年12月31日 20×7年12月31日 3}2;*:p4Y
存货 16 000 12 000 S|
|OSxZ
流动资产 60 000 50 000 L\zyBfK}
总资产 100 000 90 000 |)*9B
N
流动负债 20 000 18 000 =p2: qSV
总负债 30 000 25 000 ^{Fo,7
在审计过程中,约翰发现以下事项: tx7B?/5D
(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: 2jF}n*[OW
借:银行存款5 820 000 *.
1S
财务费用 180 000 x~QZV
L=:
贷:应收票据6 000 000 k&9[}a*
(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: \SN>Yy
借:营业外支出 3 000 000 }R!t/8K
贷:预计负债 3 000 000 -Q6Vz=ku
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: &Jd_@F#J
借:预计负债 3 000 000 YYhN>d$
贷:银行存款 2 500 000 3b?8<*
营业外收入 500 000 t|m=X
要求: M#k$[w}=
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 ;}H*|"z;!
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: }g&
KT!r
(a)20×8年存货周转率 wGw<z[:f
(b)20×8年销售毛利率 @E4ya$A)F
(c)20×8年总资产净利率 uD\rmO{
(d)20×8年12月31日的流动比率 UPy 4ST
(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) hmB`+?,z*
【答案】 SLz;5%CPV
(1)应选择营业收入作为计算重要性水平的基础。 :JU$
6
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 y@(EGfI
S$=caZ?
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 "R\D:Olb#
销售毛利率=(64000-54000)/64000×100%=15.63% 5<M$ XT
总资产净利率=30/[(100000+90000)/2]=0.03% i9|}-5ED
流动比率=60000/20000=3 ITy/h]0
(3) m.FN ttkM
a.应建议做如下审计调整分录: j\HZ5
借:应收票据 6 000 000 gZBb/<
贷:短期借款 5 820 000 |]~],
财务费用 180 000 RivhEc1h%
b.应建议做如下审计调整分录: L2c\i
借:预计负债 3 000 000 p=V1M-
贷:营业外支出 500 000 D&x.io
其他应付款 2 500 000 Yx&d\/9