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)。 [^d6cMEOlc
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: Q`p}X&^a
(Expressed in RMB thousands) h[je _^5
FINANCLAL STATEMENTS ITEMS b|ksMB>)
20×8 `-K)K<
20×7 y)^CDe2xU
MZMS?}.2
Sales zGL<m0C
64000 &>zy_)
48000 qe6C|W~n
t:"=]zUU
Cost of sales C*y6~AYN#
54000 w[YkTv
42000 n?e@):
]i,Mq
Net profit W`/jz/
30 ?V5Pt s
-20 "Eok;io
H&yFSz}6a
mam5G!$
December 31, 20×8 *4hOCQ[
December 31, 20×7 M ,_^hm7
AYPf)K;%
Inventory uWR,6\_jY
16000 lQ<#jxp
12000 mWN1Q<vn,l
^=izqh5S
Current assets Q9eYF-+
60000 9B#)h)h(=
50000 g=oeS%>E
)0n29
Total assets ))CXjwLj;
100000 *<.WL"Qhl
90000 B=q)}aWc
r>Qyc
Current liabilities w*6!?=jP
20000 ,O
g[[0g
18000 k;K>
,$F
$ gr6
Total liabilities x<{;1F,k3
30000 :rTKqX&"j
25000 :@QK}qFP
!4 4mT'Y
zqvRkMWc M
During the audit, John has the following findings: V
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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: /]k
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Dr. Cash in Bank RMB 5820000 zO).<xIq+
Dr. Financial Expenses RMB 180000 -VreBKn
Cr. Notes Receivable RMB 6000000 J/]o WC`u
(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: oA!5dpNhU
Dr. Non-operating Expenses RMB 3000000 c>u>Pi;Z
Cr. Provisions RMB 3000000 _Qm7x>NT4
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 `uNvFlP
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: '.%iPMM
Dr. Provisions RMB 3000000 #!8^!}nFO
Cr. Cash in Bank RMB 2500000 ;9p#xW6
Cr. Non-operating Income RMB 500000 EDq$vB
Required: ')P2O\YS
(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. vR%j#v|s
(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: M!&_qj&N,
(a)Inventory Turnover Rate in 20×8; eN<>#:`
(b)Gross Profit Ratio in 20×8; 0.J1!RIK/
(c)After Tax Return on Total Assets in 20×8; and Xc8= 2n
(d)Current Ratio as at December 31, 20×8 To# E@Nw
(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. C;d|\[7Z
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 !7mvyc!'!
以下是未经审计财务报表的部分信息: t`<}UWAH+
(单位:千元) (<]\,pP0_
项目 20×8 20×7 Lo|NE[b:G
营业收入 64 000 48 000 v2M
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营业成本 54 000 42 000 XI@6a9Uk
净利润 30 -20 RI[7M (
q9>Ls-k
20×8年12月31日 20×7年12月31日 `uIx/.L
存货 16 000 12 000 097Fvt=#
流动资产 60 000 50 000 pIID=8RJ.
总资产 100 000 90 000 .q5J^/kr
流动负债 20 000 18 000 B^8
ZoF
总负债 30 000 25 000 :"OZc7
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在审计过程中,约翰发现以下事项:
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(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: 2y9:'c|
借:银行存款5 820 000 8X}^~ e
财务费用 180 000 };|!Lhl+
贷:应收票据6 000 000 tsTR2+GZS
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: pY{; Yn&t
借:营业外支出 3 000 000 ]+}ZfHp
贷:预计负债 3 000 000 VZT6;1TD$8
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: u"`5
借:预计负债 3 000 000 )CC?vV
贷:银行存款 2 500 000 L?=#*4t
营业外收入 500 000 fbh6Ls/
要求: avu*>SB
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 Y=P9:unG
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: Ph(]?MG\_
(a)20×8年存货周转率 Wphe%O
f
(b)20×8年销售毛利率 +8LM~voB
(c)20×8年总资产净利率 ri/t(m^{W
(d)20×8年12月31日的流动比率 L
Yh@ u1p
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) R4#;<)
【答案】 $l#v/(uFa
(1)应选择营业收入作为计算重要性水平的基础。 \]Y\P~n
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 jgk{'_ j
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 i&A{L}eCr:
销售毛利率=(64000-54000)/64000×100%=15.63% 2x-'>i_|g
总资产净利率=30/[(100000+90000)/2]=0.03% =8$|_
流动比率=60000/20000=3 QRsqPh&-
(3) Nj0-`j0E
a.应建议做如下审计调整分录: -vyIOH,
借:应收票据 6 000 000 G"G{AS
贷:短期借款 5 820 000 @+}rEe_(
财务费用 180 000 fp.!VOy
b.应建议做如下审计调整分录: >|l;*Kw,/P
借:预计负债 3 000 000 *0=fT}&!
贷:营业外支出 500 000 bin6i2b
其他应付款 2 500 000 e%PCe9