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)。 ?
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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: !qj[$x-ns
(Expressed in RMB thousands) >sfg`4
FINANCLAL STATEMENTS ITEMS {
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20×8 _XV%}Xb'
20×7 6!ve6ZB[p
H<Oo./8+
Sales iqQT ^
64000 o)AwM"
48000 $'498%K2
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Cost of sales CWn\KR
54000 :$MOdL[ir
42000 q8v[u_(yD
_h~ksNm5u
Net profit 9CY{}g
30 3/kT'r
-20 1cLtTE
d;Vy59}eY
tnRf!A;m
December 31, 20×8 r~t`H*C)}
December 31, 20×7 p,Ff,FfH
mgq!)
Inventory >='/%Ad
16000 ,c p2Fac
12000 ~RhUg~o
~t`^|cr|
Current assets LL^KZ-
60000 ~s!Q0G^G
50000 !Zz;;Z
>cu%C s=m
Total assets !eLj +0
100000 VY0.]t
90000 Zv u6/#
gg'1q3OjM
Current liabilities 2/LSB8n|
20000 Z2% HQL2
18000 uJ!&T
:
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Total liabilities Q`ua9oIJ=
30000 Td=4V,BN
25000 9u B?-.
pP. _%5
9%!h/m>rW
During the audit, John has the following findings: rbw$=bX}
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: kRp]2^}\s\
Dr. Cash in Bank RMB 5820000 6>>; fy2
Dr. Financial Expenses RMB 180000 AM}R#86
Cr. Notes Receivable RMB 6000000 )r2Y@+.FN
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: {Su?*M2y
Dr. Non-operating Expenses RMB 3000000 iNO>'7s7
Cr. Provisions RMB 3000000 b\k]Jx
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 fE#(M +(<
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: QQ*sjK.(
Dr. Provisions RMB 3000000 +\/Q
Cr. Cash in Bank RMB 2500000 TlqHj
Cr. Non-operating Income RMB 500000 TR"C<&y$j
Required: [2%[~&4
(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.
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(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: 6K/RO)
(a)Inventory Turnover Rate in 20×8; #@XBHJ
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(b)Gross Profit Ratio in 20×8; F^i3e31*t
(c)After Tax Return on Total Assets in 20×8; and *;7y
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(d)Current Ratio as at December 31, 20×8 L$ZjMJ
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. Pf*6/7S:
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 Av X1*
以下是未经审计财务报表的部分信息: 7=G2sOC
(单位:千元) w+M/VsL
项目 20×8 20×7 jh5QIZf=
营业收入 64 000 48 000 vwCQvt
营业成本 54 000 42 000 @CMI$}!{V
净利润 30 -20 `KJ(. m
6#=jF[
20×8年12月31日 20×7年12月31日 6EqA Y`y
存货 16 000 12 000 xEb>6+-F@
流动资产 60 000 50 000 7#V7D6j1
总资产 100 000 90 000 :ym?]EL4o
流动负债 20 000 18 000 IkrB}
总负债 30 000 25 000 %b6$N_M{H1
在审计过程中,约翰发现以下事项: x.Sf B[SZ
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录:
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CrUn
借:银行存款5 820 000 7- B.<$uC
财务费用 180 000 ^QK`z@B
贷:应收票据6 000 000 -t`kb*O3`
(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: _jWs(OmJ
借:营业外支出 3 000 000 peQwH
贷:预计负债 3 000 000 L\:|95Yq
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: YEL0h0gn
借:预计负债 3 000 000 e~r/!B5X
贷:银行存款 2 500 000 5{
c;I<0
营业外收入 500 000 Ayz*2N`%
要求: _y@28t
(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。 |23F@s1
(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: fr17|#L+s
(a)20×8年存货周转率 y Zafq"o
(b)20×8年销售毛利率 r$7.
(c)20×8年总资产净利率
=|3BkmO
(d)20×8年12月31日的流动比率 GO"`{|o
(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) inP2y ?j
【答案】 agIqca;
(1)应选择营业收入作为计算重要性水平的基础。 GkGiQf4hh
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 /K=OsMl2b8
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 tKbxC>w
销售毛利率=(64000-54000)/64000×100%=15.63% 7]=&Q4e4
总资产净利率=30/[(100000+90000)/2]=0.03% ]\,?u /
流动比率=60000/20000=3
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(3) A*JOp8\)
a.应建议做如下审计调整分录: Kv_2=]H
借:应收票据 6 000 000 Gh;\"Qx
贷:短期借款 5 820 000 g4K+AK
财务费用 180 000 u]^s2v
b.应建议做如下审计调整分录: 0PzSp ]
借:预计负债 3 000 000 lqDCK&g$E#
贷:营业外支出 500 000 1w,_D.1'
其他应付款 2 500 000 ]so/AdT9hA