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)。 4_R|3L
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: 3z+l-QO8
(Expressed in RMB thousands) isZ5s
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FINANCLAL STATEMENTS ITEMS YT\@fgBt
20×8 {D+mr[ %
20×7 ~r --dU
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Sales $coO~qvU
64000 _wq?Pa<)e
48000 A]z*#+Sl
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Cost of sales k
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54000 *T5;dh (
42000 *M.xVUPr
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ayAP
Net profit $T'!??|IF
30 r\Nfq(w
-20 q-F
K=r
5
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December 31, 20×8 3A7774n=P
December 31, 20×7 g52a
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Inventory 2xI|G
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16000 XjX
12000 R?{+&r.X
#z `W ,^C
Current assets COrk (
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60000 )Z}AhX
50000 @YJI'Hf67
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Total assets ,WT>"9+
100000 h!EA;2yGKa
90000 22\!Z2@T/
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Current liabilities UiFH*HT
20000 BrV{X&>[i
18000 Tg\bpLk0=
tdy2ZPVtTV
Total liabilities *IG
$"nu
30000 ;XKe$fsa~?
25000 OmYVJt_
M([#Py9h
7
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During the audit, John has the following findings: kx
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(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: qL(Q1O!
Dr. Cash in Bank RMB 5820000 _fGTTw(
Dr. Financial Expenses RMB 180000 V$^jlWdR
Cr. Notes Receivable RMB 6000000 ccD+AGM.
(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: NxT"A)u
Dr. Non-operating Expenses RMB 3000000 zw0w."V
Cr. Provisions RMB 3000000 K1B9t{T
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ]MbPivM
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: (i1JRn-
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Dr. Provisions RMB 3000000 !vnQ;g5
Cr. Cash in Bank RMB 2500000 -yYdj1y;
Cr. Non-operating Income RMB 500000 @mp`C}x"0&
Required: Ui{%q@
(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. ,"(L2+Yp
(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: PnlI {d
(a)Inventory Turnover Rate in 20×8; 4M'>oa
(b)Gross Profit Ratio in 20×8; Tb/TP3N
(c)After Tax Return on Total Assets in 20×8; and J=4>zQLW
(d)Current Ratio as at December 31, 20×8 c8RJOc4X
(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. Szu s*YL7
【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。 APQq F/
以下是未经审计财务报表的部分信息: -%K!Ra\W
(单位:千元) q'2vE;z Kb
项目 20×8 20×7 FR&`R
营业收入 64 000 48 000 s27IeF3
营业成本 54 000 42 000 o5<<vvdA
净利润 30 -20 l'@-?p(Vuw
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20×8年12月31日 20×7年12月31日 /?\3%<vn
存货 16 000 12 000 U)S=JT~h
流动资产 60 000 50 000 <Au2e
总资产 100 000 90 000 Cs,H#L
流动负债 20 000 18 000 k4TWfl^}9
总负债 30 000 25 000 p{FI_6db
在审计过程中,约翰发现以下事项: 7*/{m K)
(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: {h<D/:^v
借:银行存款5 820 000 >ZA=9v
财务费用 180 000 d|`Ll
贷:应收票据6 000 000 zmMc*|
(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: OMGggg
借:营业外支出 3 000 000 i;[y!U
贷:预计负债 3 000 000 6Rd4waj_,U
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: 9
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借:预计负债 3 000 000 M>Q]{/V7T
贷:银行存款 2 500 000 z\YIwrq3*
营业外收入 500 000 I7f ^2
要求: O 4 !$
(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。 V5|ANt
(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: |s| }u`(@9
(a)20×8年存货周转率 X1L@
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(b)20×8年销售毛利率 2wf&jGHs
(c)20×8年总资产净利率 )Q)qz$h@
(d)20×8年12月31日的流动比率 ~j0rORy]
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) ngY%T5-
【答案】 N<EVs.7
(1)应选择营业收入作为计算重要性水平的基础。 .
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 >}5?`.K~Q*
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 g 7oY 1;
销售毛利率=(64000-54000)/64000×100%=15.63% GK?ual1
总资产净利率=30/[(100000+90000)/2]=0.03% t [Q
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流动比率=60000/20000=3 {(73*-~$
(3) E?m~DYnU
a.应建议做如下审计调整分录: GQ_KYS{
借:应收票据 6 000 000 ;*K4{wvG
贷:短期借款 5 820 000 "S#FI
财务费用 180 000 S_}`'Z )
b.应建议做如下审计调整分录:
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借:预计负债 3 000 000 =x~I'|%3
贷:营业外支出 500 000 x2"iZzQlD
其他应付款 2 500 000 50UdY9E_v}