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)。 [vI ;A!
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: 5[g&0
(Expressed in RMB thousands) @oY+b!L
FINANCLAL STATEMENTS ITEMS 86LE
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20×8 @nqM#
20×7 tIn`L6b
AQ
FnS&Y
Sales )fo0YpE^|
64000 jhRr!
48000 ['>ZC3?"h
\e'Vsy>q
Cost of sales a /]FlT
54000 %,$xmoj9O]
42000 = ~s+<9c]
r5[pT(XT]
Net profit @|h9jx|
30 UZsvYy?
-20 -[N
9"Z,
aid1eF
%1
RWF6
December 31, 20×8 +DQUL|\
December 31, 20×7 B0 A`@9
/0>'Z
zjV,
Inventory ,XscO7
16000 d@^%fVhG
12000 AP z"k?D0
#Fo#f<bp
Current assets ?!m\|'s-
60000 %J'/ cmR&
50000 qu#xc0?
zT}vaU6
Total assets *]/iL#
100000 Q(A$ >A
90000 Rkg)yme!N
wIAH,3
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Current liabilities 8wO4;
20000 Z[&FIG%tV
18000 `uLr^G=;
Kt qOA[6
Total liabilities 6n]jx:CZ,
30000 22y
SMtxn
25000 A
?tna6W:
3st?6?7|
GwXhn2
During the audit, John has the following findings: oM>UIDCY_v
(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: 3H<%\SYp
Dr. Cash in Bank RMB 5820000 gT+wn-3
Dr. Financial Expenses RMB 180000 n>,GmCo
Cr. Notes Receivable RMB 6000000 ,%A|:
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(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: T)<^S(57
Dr. Non-operating Expenses RMB 3000000 t@R n#(~"
Cr. Provisions RMB 3000000 UsA fZg8
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ]jI<Js*F
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: RX{}
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Dr. Provisions RMB 3000000 H;<>uELie
Cr. Cash in Bank RMB 2500000 :B=Gb8?
Cr. Non-operating Income RMB 500000 pdFO!A_t
Required: z3
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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.
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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: bxwwYSS
(a)Inventory Turnover Rate in 20×8; cGm?F,/`
(b)Gross Profit Ratio in 20×8; `#<UsU,~Lu
(c)After Tax Return on Total Assets in 20×8; and R#YeE`K
(d)Current Ratio as at December 31, 20×8
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(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. <L*`WO]\l
【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。 a6xo U;T
以下是未经审计财务报表的部分信息: fUCjC*#1
(单位:千元) Ad,n+%"e
项目 20×8 20×7 tBJ
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营业收入 64 000 48 000 [\eVX
`it
营业成本 54 000 42 000 %A3m%&(m&%
净利润 30 -20 7vRp<
w\D
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20×8年12月31日 20×7年12月31日 V'RbTFb9Z
存货 16 000 12 000 (x\VGo
流动资产 60 000 50 000 i?b9
zn
总资产 100 000 90 000 f34/whD65
流动负债 20 000 18 000 31 <0Nw;l
总负债 30 000 25 000 ?Bq^#i|m
在审计过程中,约翰发现以下事项: "l-#v|
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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: 3O-vO=D
借:银行存款5 820 000 _OjZ>j<B.
财务费用 180 000 J2
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贷:应收票据6 000 000 S:i#|T."
(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: &uc`w{,Zs
借:营业外支出 3 000 000 (_@]-
贷:预计负债 3 000 000 :JX2GRL4
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: PW5)") z
借:预计负债 3 000 000 479X5Cl
贷:银行存款 2 500 000 $mAC8a_Zu
营业外收入 500 000 'ZI8nMY
要求: ?Be}{Qqlg
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 opm_
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(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: &b
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(a)20×8年存货周转率 }.'rhR+
(b)20×8年销售毛利率 (y6}xOa(
(c)20×8年总资产净利率 sCt)Yp+8}B
(d)20×8年12月31日的流动比率 U$OI]Dd9
(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) J;^ PM:6
【答案】 P%Vq#5
(1)应选择营业收入作为计算重要性水平的基础。 f@hM ^%
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ilK*Xo
+'5I8FE-
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 zdU46|!u
销售毛利率=(64000-54000)/64000×100%=15.63% A-uIZ
zC
总资产净利率=30/[(100000+90000)/2]=0.03% >"=DN5w
,S
流动比率=60000/20000=3 8TAJ#Lm
(3) ZQfPDH=
a.应建议做如下审计调整分录: #O;JV}y
借:应收票据 6 000 000 l"}_+5
贷:短期借款 5 820 000 T_D] rMl
财务费用 180 000 j-R*!i
b.应建议做如下审计调整分录: 2IM31 .
借:预计负债 3 000 000 =+wd"Bu
贷:营业外支出 500 000 d,l?{Ln
其他应付款 2 500 000 8 I_