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: "w0~f6o
(Expressed in RMB thousands) ?b'(39fj
FINANCLAL STATEMENTS ITEMS f*88k='\W
20×8 z_ '!?K{
20×7 ]dl.~;3~~
1*$6u5.=F
Sales E(_k#X
64000 ?(Tin80=r
48000 ^'du@XCf}
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Cost of sales ntB#2S
54000 .iP>?9$f"
42000 e-UWbn'~
%Ie,J5g5
Net profit Nu3IYS5&
30 5-k gGOt
-20 &iq'V*+-\
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jZT
PX0N7L
December 31, 20×8 fF>hca>
December 31, 20×7 oOLA&N-A~
92R,o'#
Inventory WlY\R>x#
16000 +t1+1Zv
12000 ,'t&L]
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Current assets H^`J(J+
60000 #Tag"b`
50000 e
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8 $H\b &u
Total assets ]TUoXU2<x
100000 ;{&4jcV*
90000 <0hVDk~
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Current liabilities -
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20000 2XV|(
18000
z
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$sb@*K}:4
Total liabilities B-L@ 0gH
30000 7@y}J5,
25000 a #s
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During the audit, John has the following findings: 5 ';[|f
(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: )k[XO
Dr. Cash in Bank RMB 5820000 yLnTIE 3)
Dr. Financial Expenses RMB 180000 mr_NArF
Cr. Notes Receivable RMB 6000000 2$b1q!g<
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: 1cMdoQ
Dr. Non-operating Expenses RMB 3000000
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Cr. Provisions RMB 3000000 Sx Bo%
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 [I'q"yRu]i
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: 1rue+GL
Dr. Provisions RMB 3000000 0pB'^Q{
Cr. Cash in Bank RMB 2500000 ;[g~h |{6
Cr. Non-operating Income RMB 500000 @n9iOf~<
Required: p<Tg
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(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. BVH)!]m0
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: e$Y7V
(a)Inventory Turnover Rate in 20×8; tpeMq-
(b)Gross Profit Ratio in 20×8; JlE+CAny
(c)After Tax Return on Total Assets in 20×8; and Dk")/ ib
(d)Current Ratio as at December 31, 20×8 2JeEmG9
(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. ~"wnlG-:
【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。 "
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以下是未经审计财务报表的部分信息: &?y|Pn
(单位:千元) #L*MMC"
项目 20×8 20×7 i1b3>H*3
营业收入 64 000 48 000 K7(GdKZe
营业成本 54 000 42 000 -%[6q
净利润 30 -20 lD_iIe~c
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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 ^Ga_wJP8S
流动资产 60 000 50 000 1.~^QH\p?3
总资产 100 000 90 000 Kl(u~/=6
流动负债 20 000 18 000 eB,@oo%
总负债 30 000 25 000 la]Zk
在审计过程中,约翰发现以下事项: {cw+kY]m4-
(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: qe0ZM-C_
借:银行存款5 820 000 H66~!J0;a
财务费用 180 000 `sRys oW
贷:应收票据6 000 000 C8:y+pH_U;
(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: :4"b(L
借:营业外支出 3 000 000 *s2 C+@ef
贷:预计负债 3 000 000 REk^pZ3B
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: (t,|FkVLV
借:预计负债 3 000 000 ?DNeL;
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贷:银行存款 2 500 000 IZ.b
营业外收入 500 000 g$#JdN
要求: ]tbl1=|
(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。 MSt@yKq
(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: XR#?gx .}
(a)20×8年存货周转率 Y[ ;Z7p
(b)20×8年销售毛利率 4%TmW/yd
(c)20×8年总资产净利率 ^c sOXP=Yp
(d)20×8年12月31日的流动比率 n{c-3w.uD
(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) 's I @es
【答案】 oT}Sh4Wt.
(1)应选择营业收入作为计算重要性水平的基础。 5Ak>/QF9
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 sNC~S%[
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 -PiZvge
销售毛利率=(64000-54000)/64000×100%=15.63% 2-"`%rE
总资产净利率=30/[(100000+90000)/2]=0.03% cn_ *,\}
流动比率=60000/20000=3 g8Zf("
(3) f{D~ZC.*
a.应建议做如下审计调整分录: $[(FCS
借:应收票据 6 000 000 qKuHd~M{ 1
贷:短期借款 5 820 000 mi sPJO&QD
财务费用 180 000 o-]8)G>~M
b.应建议做如下审计调整分录: F;Ubdxwwl
借:预计负债 3 000 000 l-[5Zl;"
贷:营业外支出 500 000 (i^<er q
其他应付款 2 500 000 k@2@%02o9C