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)。 >3,}^`l
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: _C=01 %/
(Expressed in RMB thousands) PzT@q\O
FINANCLAL STATEMENTS ITEMS :Dfl ,=S
20×8 lt yhYPS
20×7 .$
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a]J>2A@-I
Sales 8K@e8p( y
64000 RRro.r,
48000 ,."wxP2u
N'PK4:
Cost of sales xVrLoAw
54000 S~W;Ld<>fB
42000 L
3\(<[
J\N
&u#
Net profit IpM"k)HR
30 HdyE`FY \
-20 {].]`#4Jx
b>9?gmR{
wv=U[:Y
December 31, 20×8 V bNN1'a-
December 31, 20×7 a'?LC) ^
ftQ;$@
Inventory rCb$^(w{7
16000 "Bz#5kqnl
12000 7jr+jNsowj
CtUAbR
Current assets L=.@hs
60000 7\ X_%SM %
50000 mRt/d
?0-3J )kW
Total assets y3bL\d1
100000 o5YL_=7m
90000 ?T,a(m<i{
'Tskx
Current liabilities 9yu#
G7
20000 /g8nT1k
18000 c Y+n 6k5
"*S_w
N%
Total liabilities
Y=H_U$
30000 "Y"`'U=v
25000 x7i,jMR
R:+?<U&
?;Da%VS3
During the audit, John has the following findings: #Fgybokm
(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:
gt=@v())
Dr. Cash in Bank RMB 5820000 ? :A%$T
Dr. Financial Expenses RMB 180000 QtcYFf
g
Cr. Notes Receivable RMB 6000000 LG{50sP`
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: @PK
1
Dr. Non-operating Expenses RMB 3000000 Zeq^dV5y77
Cr. Provisions RMB 3000000 A'D2uV
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 T t_QAIl
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: I9nm$,i]7
Dr. Provisions RMB 3000000 _s:5)
Cr. Cash in Bank RMB 2500000 e?\hz\^
Cr. Non-operating Income RMB 500000 f:AfM f>m
Required: Wd7qpWItjQ
(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. q9\(<<f|
(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: DZ:$p.
(a)Inventory Turnover Rate in 20×8; q6o}2<T@
(b)Gross Profit Ratio in 20×8; ;g?o~ev 8
(c)After Tax Return on Total Assets in 20×8; and Y~I0\8s
-
(d)Current Ratio as at December 31, 20×8 a4]=4[(iu>
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. )Q<u0AxAn
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 :>jzL8
以下是未经审计财务报表的部分信息: Shss};QZf(
(单位:千元) fAR6
项目 20×8 20×7 [L
营业收入 64 000 48 000 7p{2&YhB
营业成本 54 000 42 000 VK|$SY(
净利润 30 -20 g}BS:#$
>QB
Dxm
20×8年12月31日 20×7年12月31日 I@1VX5
存货 16 000 12 000 mhNgXp)_56
流动资产 60 000 50 000 mE9ytFH\k
总资产 100 000 90 000 dAaxbP|
流动负债 20 000 18 000 8vj]S5
总负债 30 000 25 000 o%h[o9i
在审计过程中,约翰发现以下事项: Q:]v4/MT
(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: +@do<2l]
借:银行存款5 820 000 /vqsp0e"H
财务费用 180 000 p(yHB([8
贷:应收票据6 000 000 b^<7@tY
(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: xz}=C:s
借:营业外支出 3 000 000 Ft @ZK!'@
贷:预计负债 3 000 000 wy""02j
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: 't475?bY
借:预计负债 3 000 000 @[;$R@M_3
贷:银行存款 2 500 000 0}\8,U
营业外收入 500 000 &Z+.FTo
要求: = Fwzm^}6
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 sv#/ 78 ~|
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: l YjPrA]TC
(a)20×8年存货周转率 G+NTn\
(b)20×8年销售毛利率 .b<wNUzP
(c)20×8年总资产净利率 ^ E3 HY@j
(d)20×8年12月31日的流动比率 '~pZj"uy
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) (U*Zz+ R
【答案】
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(1)应选择营业收入作为计算重要性水平的基础。 W\z<p P
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 -n6T^vf
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 buxyZV@1
销售毛利率=(64000-54000)/64000×100%=15.63% ?M04 cvm
总资产净利率=30/[(100000+90000)/2]=0.03% s1zkkLw`*
流动比率=60000/20000=3 X Qj+]-m
(3) vtTXs]>
a.应建议做如下审计调整分录: .u;'eVH)a}
借:应收票据 6 000 000 t\lx*_lr
贷:短期借款 5 820 000 `e+eL*rZ~
财务费用 180 000 `Ro>?H
b.应建议做如下审计调整分录: bpfSe
借:预计负债 3 000 000 ,jMV
#H[
贷:营业外支出 500 000 [.4D<}e
其他应付款 2 500 000 :$oi P