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)。 )rX["=
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: F#d`nZ=M
(Expressed in RMB thousands) {Yp>h5nwM_
FINANCLAL STATEMENTS ITEMS 2eNA#^T=
20×8 _4H
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20×7 p1
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Sales &,~0*&r0
64000 (`%$Aa9
J
48000
}?^V9K-
l!UF`C0g
Cost of sales mFoE2?Y
54000 *htv:Sr
42000 |cK
o#nfzZ
Td~CnCor
Net profit Y*oT(
30 Y [8~M8QX
-20 Ej|rf Y
i4"BN,NZ{
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December 31, 20×8 dG5p`N%
December 31, 20×7 !I3_KuJ5
'L$%)`;e
Inventory liu%K9-r
16000 ~{-zj
12000
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Current assets eRV4XB :
60000 R`%C]uG
50000 _; 7{1n
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Total assets ++b1VBP
100000 1$1s0yg
90000 zT
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6[cC1a3r:
Current liabilities Zp:(U3%
20000 II=(>G9v
18000 u7L!&/ 6On
bo>4:i
Total liabilities P'wn$WE[n\
30000 Yfro^}f
25000 8HL$y
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During the audit, John has the following findings: RZKdh
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(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: 0[ (Z48
Dr. Cash in Bank RMB 5820000 bU3e*Er
Dr. Financial Expenses RMB 180000 55aJ=T
Cr. Notes Receivable RMB 6000000 WX2:c,%:
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: Z %?:
CA
Dr. Non-operating Expenses RMB 3000000 99xs5!4s
Cr. Provisions RMB 3000000 ,\t:R
1.
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 TgFj-"L\
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: V_)G=#6Dy
Dr. Provisions RMB 3000000 (f Gmjx
Cr. Cash in Bank RMB 2500000 w4 R!aWLd
Cr. Non-operating Income RMB 500000 |s<IZ2z]}R
Required: .TI=3*`G
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. 12W`7
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: w]<a$C8*y:
(a)Inventory Turnover Rate in 20×8; iR_j
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(b)Gross Profit Ratio in 20×8; 6p;G~,bd~
(c)After Tax Return on Total Assets in 20×8; and :[hZn/
(d)Current Ratio as at December 31, 20×8 :K-
05$K
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. ihv=y\Jt
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 ~Bw)rf,
以下是未经审计财务报表的部分信息: %
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(单位:千元) osBwX.G'l
项目 20×8 20×7 I-L52%E]
营业收入 64 000 48 000 R&lJ& SgC
营业成本 54 000 42 000 UaW,#P
净利润 30 -20 gL)l)}#
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20×8年12月31日 20×7年12月31日 U-b(
存货 16 000 12 000 p }p@])}8
流动资产 60 000 50 000 Jf#Ika&px
总资产 100 000 90 000 P@LFX[HtM
流动负债 20 000 18 000 ^`BiA'gPPC
总负债 30 000 25 000 %MA o<,ha
在审计过程中,约翰发现以下事项: :TPT]q
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(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: V*}xlxSL
借:银行存款5 820 000 MKl`9 Y3Ge
财务费用 180 000 E.ugr])
贷:应收票据6 000 000 ;7;=)/-
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: o7_*#5rD
借:营业外支出 3 000 000 iZ^tLnc
贷:预计负债 3 000 000 D'Fj"&LK
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: t> ~
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借:预计负债 3 000 000 5ov F$qn
贷:银行存款 2 500 000 }jfOs(Q]
营业外收入 500 000 s *8)|N
要求: ||xiKg
(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。
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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: }fS`jq;
(a)20×8年存货周转率 E}YJGFB7"
(b)20×8年销售毛利率 j=q*b Qr
(c)20×8年总资产净利率 rAv)k&l
(d)20×8年12月31日的流动比率
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(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) xE.yh#?.k
【答案】 B4l*]K%
(1)应选择营业收入作为计算重要性水平的基础。 >ocDh~@aP
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 @zQ.d{
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 >e'Hz (~'/
销售毛利率=(64000-54000)/64000×100%=15.63% y Tb OBl
总资产净利率=30/[(100000+90000)/2]=0.03% ekR/X
流动比率=60000/20000=3 ?3duW$`
(3) I`% ]1{
a.应建议做如下审计调整分录: fRt`]o
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借:应收票据 6 000 000 g
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贷:短期借款 5 820 000
,
z-#B]
财务费用 180 000 ?"+g6II
b.应建议做如下审计调整分录: EC:u;2f!
借:预计负债 3 000 000 dcn/|"jr
贷:营业外支出 500 000 @ P'("qb~
其他应付款 2 500 000 w%3*T#tp