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)。 .1}1e;f-
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: d_Jj&:"l
(Expressed in RMB thousands) D4\[D8pD
FINANCLAL STATEMENTS ITEMS B Dp")[l
20×8 inFS99DKx
20×7 SpImd IpD
Ze[,0Y!u&
Sales !1=*"H%t
64000 5DDSo0E
48000 ap8q`a{j^
mITNx^p4f
Cost of sales qX*xQA|ak,
54000 q^:VF()d_z
42000 dr(-k3ex
+4
h!;i
Net profit t.dr<
30 L+*:VP6WD
-20 !Sw=ns7
/z_]7]
KZTLIZxI-
December 31, 20×8 h!ogH >S~
December 31, 20×7 qvLh7]sbK:
"X^<g{]
Inventory |lcp
(u*u
16000 v3aPHf
12000 xr{Ym99E$
y%X!l(gQ
Current assets Rpv[rvK'
60000 @gfW*PNjlP
50000 4y#XX[2Wj
EK5$z>k>m
Total assets
ALy7D*Z]w
100000 .$H"j>
90000 Xl<iR]lda
7f}uRXBV$A
Current liabilities h=0a9vIXF
20000 !:m.-TE
18000 _U} vKm
q"
f65d4c
Total liabilities |1"&[ .
30000 p20JUzy
25000 {x
?qz~W
8}m J)9<7
A[8m3L#k
During the audit, John has the following findings: N[e,%heR
(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: &
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Dr. Cash in Bank RMB 5820000 N<8\.z5:<
Dr. Financial Expenses RMB 180000 Y+UJV6
Cr. Notes Receivable RMB 6000000 [8a(4]4
(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: bY2R/FNL=
Dr. Non-operating Expenses RMB 3000000 _
,s^
Cr. Provisions RMB 3000000 .wD
$Bsm`t
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 rHTZM,zM=H
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: ~f(5l.
Dr. Provisions RMB 3000000 ]c~yMA+]FZ
Cr. Cash in Bank RMB 2500000 W~0rSVD$<z
Cr. Non-operating Income RMB 500000
M2 |!,2
Required: o0]YDX@T
(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. ^hiY6N &
(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: Gk
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(a)Inventory Turnover Rate in 20×8; uQKQC?w
(b)Gross Profit Ratio in 20×8; 0M"n
(c)After Tax Return on Total Assets in 20×8; and h AAh
(d)Current Ratio as at December 31, 20×8 L?j0t*do
(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. ewU*5|*[
【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。 `VKFA<T
以下是未经审计财务报表的部分信息: H oABo:
(单位:千元) m~5 unB9
项目 20×8 20×7 XQ]vJQYIR
营业收入 64 000 48 000 aL4^ po
营业成本 54 000 42 000 Yr/$92(
净利润 30 -20 _i}b]xfM
U?sHh2*
20×8年12月31日 20×7年12月31日 dazNw
n
存货 16 000 12 000 2+rT .GFc
流动资产 60 000 50 000 ?!P0UTe~
总资产 100 000 90 000 ea"X$
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流动负债 20 000 18 000 n2bhCd]j<b
总负债 30 000 25 000 |E7J5ha
在审计过程中,约翰发现以下事项: Ku l<Q<
(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: q* p
借:银行存款5 820 000 ?"mZb#%
财务费用 180 000 RJ'[m~yl5X
贷:应收票据6 000 000 #\w N2`" W
(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: oI{.{]
借:营业外支出 3 000 000 ~tA ^[tK
贷:预计负债 3 000 000 1~c\J0h)d
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: UeO/<ml3>J
借:预计负债 3 000 000 Tse#{
贷:银行存款 2 500 000 9?H$0xZV
营业外收入 500 000 5_aj]"x
要求: 'z;(Y*jb
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 bO\++zOF
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: 94+^K=lAX
(a)20×8年存货周转率 O~*i_t*i9{
(b)20×8年销售毛利率 %xlpOR4
(c)20×8年总资产净利率
p>7qyZ8
(d)20×8年12月31日的流动比率
lH4Nbluc^
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) T;92M}\
【答案】 ]ub"OsXC
(1)应选择营业收入作为计算重要性水平的基础。 ,Q-,#C"
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ;_I>`h"r
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 t2o{=!$WH
销售毛利率=(64000-54000)/64000×100%=15.63% '#f<wfn
总资产净利率=30/[(100000+90000)/2]=0.03% KSPa2>lz?
流动比率=60000/20000=3 o1ZVEvp
(3) Wlhh0uy
a.应建议做如下审计调整分录: <{kPa_`'
借:应收票据 6 000 000 <?KPyg2
贷:短期借款 5 820 000 z< L2W",
财务费用 180 000 >[;W~*
b.应建议做如下审计调整分录: LeLUt<4~
借:预计负债 3 000 000 .7.lr[$g
贷:营业外支出 500 000 rkjnw@x\
其他应付款 2 500 000 GQtNk<?$I