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)。 yYCS-rF>
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: h.\I
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(Expressed in RMB thousands) i KSRr#/
FINANCLAL STATEMENTS ITEMS X=sE1RB
20×8 ._}}@V_/
20×7 Cj0r2^`
6FB0g8
Sales FZ-Wgh
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64000 v
vErzUxN
48000 7
Lm9I
HMq}){=S
Cost of sales 6<&A}pp
54000 fCY|iO0.t
42000 |;gx;qp4cN
HWjJ.;k}a
Net profit %K Q1{"
30 tia}&9;
-20 -nb U5o
jX7K-L
zIc6L3w
$
December 31, 20×8 8SjCU+V
December 31, 20×7 yq~
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Inventory P27Ot1px
16000 i/X3k&
12000 /uw@o9`~2-
M^kaik
Current assets db )2>
60000 rc=E%Qv%?
50000 g#I`P&
q`e0%^U
Total assets $xu2ZBK
100000 534pX7dg
90000 4!!|P
st w@@GQ
Current liabilities >{^_]phlb
20000 #(]D]f[@
18000 / 4Q=%n
BbB3#/g
Total liabilities yCjc5d|tT
30000 |.; N_i
25000 2-F7tcya|
:V9Q<B^
8r(Vz
During the audit, John has the following findings: *JOK8[Qn
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: dX?j/M-
Dr. Cash in Bank RMB 5820000 2tz4Ag
Dr. Financial Expenses RMB 180000 ev&l=(hY
Cr. Notes Receivable RMB 6000000 ?c.\\2>|F
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: s.z)l$
Dr. Non-operating Expenses RMB 3000000 HG7Qdw2+O
Cr. Provisions RMB 3000000 S1r{2s&
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ir^d7CV,
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: i3 js'?7E
Dr. Provisions RMB 3000000 wU%uO/sU9
Cr. Cash in Bank RMB 2500000 oypLE=H
Cr. Non-operating Income RMB 500000 DS8HSSD
Required:
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(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. hTBJ\1
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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: uz8eS'8
(a)Inventory Turnover Rate in 20×8; v=^^Mr"Z^
(b)Gross Profit Ratio in 20×8; l<_v3/3
(c)After Tax Return on Total Assets in 20×8; and 8mr fs%_
(d)Current Ratio as at December 31, 20×8 U'jmgHq
(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. " lD -*e4
【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。 Yte*$cJ=
以下是未经审计财务报表的部分信息: %\it4 r3
(单位:千元) R/{h4/+vJ
项目 20×8 20×7 j Hq+/\
营业收入 64 000 48 000 `_ ^I 2
营业成本 54 000 42 000 ceg\lE:8
净利润 30 -20 #mH28UT
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20×8年12月31日 20×7年12月31日
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存货 16 000 12 000 3@F U-k,i
流动资产 60 000 50 000 v0'z''KM!
总资产 100 000 90 000 3B#fnj
流动负债 20 000 18 000 |f}wOkl
总负债 30 000 25 000 %YxKWZ/?
在审计过程中,约翰发现以下事项: ufR|V-BWx
(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: q4:zr
借:银行存款5 820 000 R1*&rjB
财务费用 180 000 NiG&Lw*8
贷:应收票据6 000 000 uJ"#j
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(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: " "`z3-
借:营业外支出 3 000 000 UXSwd#I&
贷:预计负债 3 000 000 8?~>FLWTXZ
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: w[2E
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借:预计负债 3 000 000 _WV13pnRu
贷:银行存款 2 500 000 %4VM"C4[
营业外收入 500 000 ^cdbM
要求: !le#7Kii
(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。 +fvVora
(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:
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(a)20×8年存货周转率 6heK8*.T
(b)20×8年销售毛利率 1xxTI{'g[
(c)20×8年总资产净利率 aV fsF|,
(d)20×8年12月31日的流动比率 } %3;j5 ;6
(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) o<|u4r={s
【答案】 axG%@5
(1)应选择营业收入作为计算重要性水平的基础。 }T%E;m-
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 RCkmxO;b&
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 wKW.sZ!S1
销售毛利率=(64000-54000)/64000×100%=15.63% o &b\bK%E
总资产净利率=30/[(100000+90000)/2]=0.03% 0>,i]
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流动比率=60000/20000=3 7WV"Wrl]
(3) y=GDuU%
a.应建议做如下审计调整分录: $hM9{
借:应收票据 6 000 000 b#(QZ
贷:短期借款 5 820 000 /0L]Pf;
财务费用 180 000 I/h( *~/
b.应建议做如下审计调整分录: Lxa<zy~b
借:预计负债 3 000 000 @&h_+|:-
贷:营业外支出 500 000 j1JdG<n
其他应付款 2 500 000 }Ej^"T:H_;