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)。 eak+8URo
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: {)-3g~
(Expressed in RMB thousands) b yJ[1UK
FINANCLAL STATEMENTS ITEMS * YTv"
20×8 gq)uv`3
20×7 A*? Qm
"D
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Sales jft@ 'W53
64000 OF`:);
48000 8*(|uX
;7g~4Uv4}
Cost of sales >):>Pz%U
54000 Qr[".>+
42000 6+yA4pRSd
C0j`H(
Net profit M V~3~h8
30
mB*;>
-20 f_> lz
D}bCMN<
'tq4-11xB
December 31, 20×8 6$p6dmV|
December 31, 20×7 O4,?C)
c nV2}U/\
Inventory (APGz,^9#
16000 0u ,nSvch
12000 / U"3LX
U p: M[S
Current assets Iz I
hC
60000 H`8}w{ft&
50000 `qj24ehc
(e[8`C
Total assets w0fFm"A|W
100000 &+8cI^kp
90000 ')j@OO3
-&r A<j
Current liabilities RMBPm*H
20000 Bfr$&?j#
18000 qb
QH1<yS<
rFYw6&;vOi
Total liabilities AJ85[~(lX
30000 -Sj|Y}
25000 $U}GX'1LZ
EY[J;H_b
wnbKUlb
During the audit, John has the following findings: Xh"8uJD
(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: [xg&`x9,.
Dr. Cash in Bank RMB 5820000 &13#/
Dr. Financial Expenses RMB 180000 :%"$8o*0W
Cr. Notes Receivable RMB 6000000 9Zpd=m8dU
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: FFID<Lf/2
Dr. Non-operating Expenses RMB 3000000 _.3O(? p,
Cr. Provisions RMB 3000000 hdx"/.s
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 C(5B/W6
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: r7n-Xe
Dr. Provisions RMB 3000000 nL&[R}@W
Cr. Cash in Bank RMB 2500000 0]`%iG|
Cr. Non-operating Income RMB 500000 (Zv/(SE5%
Required: y4N=v{EbL
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. CqbPUcK
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: L:RMZp*bK
(a)Inventory Turnover Rate in 20×8; ($Ck5`_MK
(b)Gross Profit Ratio in 20×8; .wz.Jr`{
(c)After Tax Return on Total Assets in 20×8; and d@_|
(d)Current Ratio as at December 31, 20×8 I]Jz[{~1
(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. D$G:#z*
【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。 =aE!y5
以下是未经审计财务报表的部分信息: SpiI9)gp
(单位:千元) 1A-ess\
项目 20×8 20×7 ".T&nS[z
营业收入 64 000 48 000 hQ}B?'>
营业成本 54 000 42 000 K
cNh3CR
净利润 30 -20 x9VR>ux&
8!u8ZvbFG
20×8年12月31日 20×7年12月31日 `f+l\'.s
存货 16 000 12 000 *S=zJyAO
流动资产 60 000 50 000
uj9I
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总资产 100 000 90 000
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流动负债 20 000 18 000 V.Ki$0>
总负债 30 000 25 000 {9*k \d/;
在审计过程中,约翰发现以下事项: <hSrx7o
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: zeG_H}[2&
借:银行存款5 820 000 l|p
\8=
财务费用 180 000 6l-V%3-
贷:应收票据6 000 000 Q,z^eMk'd:
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: a}MSA/K(
借:营业外支出 3 000 000 3,RaM^5dV
贷:预计负债 3 000 000 or{X{_X7
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: 1lLL9l{UVw
借:预计负债 3 000 000 [<p7'n3x
贷:银行存款 2 500 000 /K<.$B8
营业外收入 500 000 ^&6'FE
要求: -<Zs7
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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。 3G)Wmmh"a
(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: (r+#}z}
(a)20×8年存货周转率 rYYAZ(\8
(b)20×8年销售毛利率 yDW$v/j.|
(c)20×8年总资产净利率 P(#by{s
(d)20×8年12月31日的流动比率 N]6M4j!
(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) Z:(yX0U,[
【答案】 _@Le MNv
(1)应选择营业收入作为计算重要性水平的基础。 jk'.Gz
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 b 5X~^L
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 $Q cr
销售毛利率=(64000-54000)/64000×100%=15.63% V)8d1S
总资产净利率=30/[(100000+90000)/2]=0.03% !9knFt43
流动比率=60000/20000=3 }+4^ZbX+:
(3) =Vm"2g,aA
a.应建议做如下审计调整分录: W{!GL
借:应收票据 6 000 000 kt*""&R
贷:短期借款 5 820 000 {2Jn#&Z29
财务费用 180 000 qvH7 otA
b.应建议做如下审计调整分录: $<(FZb=
借:预计负债 3 000 000 m
gxoM|n6
贷:营业外支出 500 000 )|?s!rw +
其他应付款 2 500 000 . w_oW mD