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)。 bIGcszWr
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: 8$~oiK%fw
(Expressed in RMB thousands) _p8u
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FINANCLAL STATEMENTS ITEMS ,+df=>
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20×8 !AXLoq$SY
20×7 :jv(-RTI
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Sales F
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64000 {xg=Ym)
48000 #qVTB@d
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Cost of sales =!L}/Dl
54000 *jhgCm
42000 I;rW!Hb
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Net profit iT&4;W=72~
30 w=fWW^>bP
-20 60|PVsmDm
1Z
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December 31, 20×8 J
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December 31, 20×7 %ud-3u52M8
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Inventory O\f`+Q`0
16000 zwC ,,U
12000 +JYb)rn$^
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Current assets ;-
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60000 gOnZ#
50000 _'w:Sx?d7
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Total assets Jf4`
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100000 CN(-Jd.b
90000 -
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pNd`fV#jX
Current liabilities {Y5@SIyE
20000 \%r0'1f
18000 e1XKlgl
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Total liabilities Ws5N|g
30000 :ILpf+`yY
25000 \},H\kK+^
z&0[F`U
yKUxjb^b\
During the audit, John has the following findings: iLv
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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: >{{ds--
Dr. Cash in Bank RMB 5820000 !i8)si_
Dr. Financial Expenses RMB 180000 6p
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Cr. Notes Receivable RMB 6000000 c`x4."m
(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: '^m'r+B"
Dr. Non-operating Expenses RMB 3000000 r'nPP6`
Cr. Provisions RMB 3000000 hN K wQ
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ##''d||u
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: e46`"}r
Dr. Provisions RMB 3000000 ]#4kqj}
Cr. Cash in Bank RMB 2500000 V+D5<nICr
Cr. Non-operating Income RMB 500000 xO:h
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Required: w=?nD6Xhz
(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. Cxq|N]E
(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: #Pk{emYW
(a)Inventory Turnover Rate in 20×8; >Z*b0j
(b)Gross Profit Ratio in 20×8; JtY$AP$
(c)After Tax Return on Total Assets in 20×8; and 0`.&
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(d)Current Ratio as at December 31, 20×8
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(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. xGr{ad.N
【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。 [Y!HQ9^LEp
以下是未经审计财务报表的部分信息: l"JM%LV
(单位:千元) E4o{Z+C
项目 20×8 20×7 :0(^^6Q\
营业收入 64 000 48 000
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营业成本 54 000 42 000 =D0d+b6
净利润 30 -20 |APOTQV
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20×8年12月31日 20×7年12月31日 ,&3+w~Ua
存货 16 000 12 000 E>
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流动资产 60 000 50 000 b=BNbmX
总资产 100 000 90 000 O7IY
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流动负债 20 000 18 000 ^!exH(g
总负债 30 000 25 000 q&[G^9
在审计过程中,约翰发现以下事项: !21G$[H
(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: 72RTEG
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借:银行存款5 820 000 ~]no7O4
财务费用 180 000 LiFR7\z
贷:应收票据6 000 000 6 Q7MAP M
(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: aC=2v7*
借:营业外支出 3 000 000 2 {WZ?H93a
贷:预计负债 3 000 000 :RIqA/
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: %"c;kvw
借:预计负债 3 000 000 :j3^p8]
贷:银行存款 2 500 000 }\H. G
营业外收入 500 000 6'm
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要求: @I1*b>X~<
(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。 mpD.x5jm<
(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: KXx;~HtO
(a)20×8年存货周转率 w(_:+-rqQ<
(b)20×8年销售毛利率 }8l+Jd3"
(c)20×8年总资产净利率 ?>ZrdfTwz,
(d)20×8年12月31日的流动比率 + AjV0 #n
(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) g,*fpk
【答案】 8?m=Vw<kIZ
(1)应选择营业收入作为计算重要性水平的基础。 9wc\~5{li
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 @G#`uoD
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 cahlYv'
销售毛利率=(64000-54000)/64000×100%=15.63% E)Qg^DHP/
总资产净利率=30/[(100000+90000)/2]=0.03% S
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流动比率=60000/20000=3 &<#1G
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(3) H/[(T%]o
a.应建议做如下审计调整分录: OAo03KW
借:应收票据 6 000 000 ,1|=_M31
贷:短期借款 5 820 000 ;j;U9-oh
财务费用 180 000 $=>:pQbBVX
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 $B>L_~cS
贷:营业外支出 500 000 ~FI} [6Dd
其他应付款 2 500 000 NI:OL