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)。 6:\z8fYD
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: '`p0T%w
(Expressed in RMB thousands) gOk^("@
FINANCLAL STATEMENTS ITEMS gwYTOs^
20×8 ,]?l(H $x'
20×7 @HXXhYH
St1>J.k_
Sales iainl@3Qj
64000 Os1y8ui
48000 ix}*whW=U
FD}>}fLv
Cost of sales +z\
O"zlj
54000 c>
Ljv('bj
42000 SiJX5ydz
.{]=v
Net profit Q&9& )8-
30 ;"GI~p2~7
-20 dnTXx*I:
Iyvl6
,#-^
December 31, 20×8 >JhIRf
December 31, 20×7 Z8Clm:S
YJwz*@l
Inventory 6UJBE<ntj
16000 e 3>k"
12000 5(OF~mX#
~LzTqMHM
Current assets ';7|H|,F
60000 xE.=\UzJ
50000 h-h}NCP
DSHpM/7
Total assets (
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100000 `24:Eg6r
90000 #$%gs]
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Current liabilities [G|2m_
20000 h Tn^:%(
18000 `o*g2fW!
*)d|:q3
Total liabilities rQ$A|GJ L
30000
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25000 Bf88f<Z
PX'I:B]x*
+e"}"]n
During the audit, John has the following findings: Vd^`Hv&i
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: _>:g&pS/
Dr. Cash in Bank RMB 5820000 3B"rI
Dr. Financial Expenses RMB 180000 ikRIL2Y
Cr. Notes Receivable RMB 6000000 @kwD$%*0
(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: 5tl}rmI`
Dr. Non-operating Expenses RMB 3000000 zFuUv_t
Cr. Provisions RMB 3000000 LDvF)Eg
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 iVu+ct-iv
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: {nOK*7+"
Dr. Provisions RMB 3000000 NI s
4v(!
Cr. Cash in Bank RMB 2500000 cCV"(Oo[H|
Cr. Non-operating Income RMB 500000 )3B5"b,
Required: y!!+IeReS
(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. Q84KU8?d
(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: A1ebXXD)
(a)Inventory Turnover Rate in 20×8; 1I^Sv
(b)Gross Profit Ratio in 20×8; 6l
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(c)After Tax Return on Total Assets in 20×8; and p
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(d)Current Ratio as at December 31, 20×8 q%:Jmi>
(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. Ft.BfgJ$
【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。 Dfhs@ z
以下是未经审计财务报表的部分信息: OEwfNZQ-
(单位:千元) S s`0;D1
项目 20×8 20×7 F5<{-{Ky
营业收入 64 000 48 000 dju&Ku
营业成本 54 000 42 000 NxX1_d
净利润 30 -20
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D[#\Y+N
20×8年12月31日 20×7年12月31日 ^:)&KV8D|
存货 16 000 12 000 Xp?Z;$r$
流动资产 60 000 50 000 t+(CAP|,
总资产 100 000 90 000 tl^[MLQa
流动负债 20 000 18 000 0\~Zg
总负债 30 000 25 000 : }IS=A
在审计过程中,约翰发现以下事项: GK
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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: `(a^=e5
借:银行存款5 820 000 ^ KjqS\<
财务费用 180 000 G<dXJ ]\\
贷:应收票据6 000 000 sk3;;<H
(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: !
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借:营业外支出 3 000 000 1a!h&!$9
贷:预计负债 3 000 000 7=AKQ7BB>b
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: z*[Z:
借:预计负债 3 000 000 5
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贷:银行存款 2 500 000 N+V-V-PVk
营业外收入 500 000 DJW1kR
要求: 2Ls<OO
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 |5/[0V-vy
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: d#tUG~jc
(a)20×8年存货周转率 UK<"|2^sT
(b)20×8年销售毛利率 ;i#gk%-
2
(c)20×8年总资产净利率 `3:%F>
(d)20×8年12月31日的流动比率
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(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) 7A|jnm
【答案】 rN~`4mZ
(1)应选择营业收入作为计算重要性水平的基础。 awK'XFk
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 e](=)h|
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 9$ S,P|
销售毛利率=(64000-54000)/64000×100%=15.63% /YbL{G
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总资产净利率=30/[(100000+90000)/2]=0.03% E)E!
流动比率=60000/20000=3 HlSuhbi'@
(3) Wd}mC<rv1
a.应建议做如下审计调整分录: =KZ4:d5
借:应收票据 6 000 000 hF 1/=;>
贷:短期借款 5 820 000 80EY7#r@w
财务费用 180 000 dW`D?$(@,
b.应建议做如下审计调整分录: 0R]CI
借:预计负债 3 000 000 %ze1ZWO{
贷:营业外支出 500 000 &B4U)
其他应付款 2 500 000 GXRjR\Ch