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)。 5sD,gZ7
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: fn#8=TIDf
(Expressed in RMB thousands) e_vsiT
FINANCLAL STATEMENTS ITEMS 0P^h6Vat
20×8 73WSW/^F
20×7 ?Cq7_rq
X>%nzY]m
Sales Hh<H~s [
64000 r );R/)&
48000 `sxfj)s
*OVB;]D3+
Cost of sales <3YZ0f f>
54000 ]' mbHkn68
42000 NzRvb j]
Ycm)PU ["
Net profit ej
RK-!
30 r;cDYg
-20 OfsP5*d
od;-D~
&{iC:zp
December 31, 20×8 mp|pz%U
December 31, 20×7 T?9D?u?]
v1h(_NLI!
Inventory ,CO2d)}
16000 d{
(,Gy>I
12000 eh#37*-
IS C.~q2
Current assets I8F
+Z
60000 f
J,N.O+9E
50000 ]5W$EvZ9)
wZrFu(_
Total assets BEZ~<E&0H
100000 !\]^c
90000 )!y>2$20 r
gfk)`>E
Current liabilities p<R:[rz
20000 _8K+iqMZG
18000 MsB>3
Jx*cq;`Vee
Total liabilities -luQbGcT3
30000 owVvbC2<b(
25000
Xo^8o0xi
:WhJDx`j
dzcF15H1
During the audit, John has the following findings: *7Dba5B
(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: $QX$r N
Dr. Cash in Bank RMB 5820000 P-m_],
Dr. Financial Expenses RMB 180000 w+o5iPLX
Cr. Notes Receivable RMB 6000000 =;Id["+
(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: .soCU8i3
Dr. Non-operating Expenses RMB 3000000 OhF55,[
Cr. Provisions RMB 3000000 {%jAp11y+O
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 LS@TTiN
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: *miG<
Dr. Provisions RMB 3000000 %zavSm"
Cr. Cash in Bank RMB 2500000 [hJ1]RW8
Cr. Non-operating Income RMB 500000 Pz]WT1J0
Required: o7y<Zd`Bj
(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. 2Gyq40
(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: , 5'o>Y
(a)Inventory Turnover Rate in 20×8; 6(|mdk`i
(b)Gross Profit Ratio in 20×8; ?y>N&\pt2
(c)After Tax Return on Total Assets in 20×8; and $0* sjXV
(d)Current Ratio as at December 31, 20×8 WR+j?Fcf
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. y@LI
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【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 I#l}5e5
以下是未经审计财务报表的部分信息: G,8mFH
(单位:千元) dg D-"-O
项目 20×8 20×7 z%&FLdXgW+
营业收入 64 000 48 000 ~$!,-r
营业成本 54 000 42 000 N,t9X7G&
净利润 30 -20 :4AQhn^;"
o<g?*"TRh
20×8年12月31日 20×7年12月31日 .5JIQWE(
存货 16 000 12 000 xL* psj
流动资产 60 000 50 000 x/
QqG1q
总资产 100 000 90 000 [i.@q}c~E
流动负债 20 000 18 000 FT).$h~+4
总负债 30 000 25 000 x07 =
在审计过程中,约翰发现以下事项: wl=tN{R
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: ]aN9mT
N
借:银行存款5 820 000 ]&'!0'3`
财务费用 180 000 31n"
w;
贷:应收票据6 000 000 s5,@=(,
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: J%bNt)K}
借:营业外支出 3 000 000 ;R$G.5h
贷:预计负债 3 000 000 j
}~?&yB
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: {R$`YWk
借:预计负债 3 000 000 =D zrM%
贷:银行存款 2 500 000 VPCI5mS_
营业外收入 500 000 "$BkO[IS
要求: ,@Csa#
(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。 /Qgb t
(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: bGh&@&dHr
(a)20×8年存货周转率 g
pciv
(b)20×8年销售毛利率 g |)>65v
(c)20×8年总资产净利率 v[CR$@Y
(d)20×8年12月31日的流动比率 0%xk tf
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) YznL+TD
【答案】 32GI+NN
(1)应选择营业收入作为计算重要性水平的基础。 %p7
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。
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2%/F`_XbP
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 6v@Prw@.b
销售毛利率=(64000-54000)/64000×100%=15.63% z$<=8ox8e
总资产净利率=30/[(100000+90000)/2]=0.03% DpHubqWz
流动比率=60000/20000=3 ]t[%.^5#
(3) @`.4"*@M
a.应建议做如下审计调整分录: #v
c+;`X
借:应收票据 6 000 000 T*p7[}#
贷:短期借款 5 820 000 CKw-HgXG
财务费用 180 000 [gzaOP`f
b.应建议做如下审计调整分录: Gm+D1l i
借:预计负债 3 000 000 ? [Yn<|
贷:营业外支出 500 000 +m_.?V6
其他应付款 2 500 000 d%EdvM|)