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)。 +ANIm^@
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: Q*{
2
(Expressed in RMB thousands) y9 '3vZ
FINANCLAL STATEMENTS ITEMS ADUI@#vk
20×8 %K,,Sl_
20×7 p{PYUW"?^
3!UP>,!
Sales g o Z#
64000 B\w`)c
48000 yKhzymS}T
y_r6T
XnGL
Cost of sales p5BcDYOw`
54000 rqo<Xt`
42000 55KL^+-~
/T'nY{
Net profit `Pbn
30 >p:fWQ6
-20 E#]%e^
{<8#T`I
bJ}+<##
December 31, 20×8 E:OeU_\
December 31, 20×7
!A0bbJ
Ww4G
Inventory pU/.|Sh
16000 Im#$iPIvT
12000 "VCr^'
|g+5rVbd
Current assets @h3)!#\N
60000 @>ZjeDG>
50000 =?aB@&
o`0H(\en
Total assets +y(h/NcQ
100000 =
,]M$M
90000 \Y p
oJ!-
yp/*@8%_E
Current liabilities [i _x
1
20000
|XZf:}q5:
18000 nVD
YAg'
fXj
Total liabilities \[jItg,+
30000 h^,a 1'
25000 #YdU,y=B
j=4>In?x
`6su_8Hno
During the audit, John has the following findings: 2Mp;/b!
(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: _>I5Ud8(-
Dr. Cash in Bank RMB 5820000 %4J?xhd
Dr. Financial Expenses RMB 180000 y0]O 6.{
Cr. Notes Receivable RMB 6000000 +=4b5*+qG
(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: 3.Kdz}
Dr. Non-operating Expenses RMB 3000000 *ni|I@8
Cr. Provisions RMB 3000000 #u^d3
$Nj
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 J$[Vm%56
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: jRc#>;dN
Dr. Provisions RMB 3000000 Y.J$f<[R
Cr. Cash in Bank RMB 2500000 W
kE;tC*
Cr. Non-operating Income RMB 500000 g-36Q~`9v
Required: oef(i}8O@
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. 6W
Zp&pO
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: |1R@Jz`
(a)Inventory Turnover Rate in 20×8; j*}x
e'#
(b)Gross Profit Ratio in 20×8; j/&7L@Y
(c)After Tax Return on Total Assets in 20×8; and .CYkb8hF
(d)Current Ratio as at December 31, 20×8 ]vMft?
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. k$c!J'qL&
【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。 _45
"Z}Zx
以下是未经审计财务报表的部分信息: VXp
X#O
(单位:千元) v3Kqs:"\
项目 20×8 20×7 _nUuiB>
营业收入 64 000 48 000 /2 (F
营业成本 54 000 42 000 A[MEtI=Q J
净利润 30 -20 vr$[
b._pG(o1
20×8年12月31日 20×7年12月31日 /<~IKVz\&
存货 16 000 12 000 vSh)
r
9
流动资产 60 000 50 000 4j5plm=
总资产 100 000 90 000 ="4 )!
流动负债 20 000 18 000 NT0q!r/!
总负债 30 000 25 000 cqDnZ`|6
在审计过程中,约翰发现以下事项: IV76#jL
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: Sj\8$QIXC
借:银行存款5 820 000 zQ~nS
财务费用 180 000 t"Rn#V\c."
贷:应收票据6 000 000 3c)xNXq m
(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: CAfG3;
借:营业外支出 3 000 000 GmFNL/x8-v
贷:预计负债 3 000 000 r.[k D"l
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: ~<-i7uM
借:预计负债 3 000 000 oID,PB*9
贷:银行存款 2 500 000 3f0RMk$pH
营业外收入 500 000 f`cO5lP/:)
要求: JXrMtSp\
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 ?]S*=6
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: MFrVGEQBRL
(a)20×8年存货周转率 HUH=Y;
(b)20×8年销售毛利率 }/=_
(c)20×8年总资产净利率 i{.!1i:
(d)20×8年12月31日的流动比率 G"]'`2.m
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) :|bPr_&U$
【答案】 %5b2vrg~*
(1)应选择营业收入作为计算重要性水平的基础。 Onao'sjY
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 yd$y\pN=<
sHNt>5p
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 xp
ae0vw
销售毛利率=(64000-54000)/64000×100%=15.63% UWz<~Vy
总资产净利率=30/[(100000+90000)/2]=0.03% HjrCX>v
流动比率=60000/20000=3 umY4tNe]$
(3) #~"jo[
a.应建议做如下审计调整分录: CAk.2C/
借:应收票据 6 000 000 kjH0u$n
贷:短期借款 5 820 000 ,xGkE7=5
财务费用 180 000 ?(Nls.c
b.应建议做如下审计调整分录: :7'anj
借:预计负债 3 000 000 HQ"D>hsuU
贷:营业外支出 500 000 r!+)U#8
其他应付款 2 500 000 [dL#0~CL$