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)。 P{18crC[1
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: 4&D="GA
(Expressed in RMB thousands)
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FINANCLAL STATEMENTS ITEMS ^~l<N@
20×8 =*jcO1
19L
20×7 U5"Oh I
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Sales '9@R=#nd
64000 ?C35
48000 OWsYE?
[<QWTMjR
Cost of sales Umg81!
54000 EB<q.
42000 kqw? X{
ISew]R2
Net profit <>s\tJ
30 MFuI&u!g:
-20 /MH@>C
_
;!?K.,N:N
J-F_XKqH
December 31, 20×8 <>_WdAOuD
December 31, 20×7 gH3kX<e
Bw.&3efd
Inventory J_|x^
16000 2]=I'U<E!
12000 D5u"4\g<&
(}1f]$V
Current assets &tCtCk%{j
60000 ~-wJ#E3g
50000 tYZGf xj
]bb}[#AY
Total assets \[1CDz=}1
100000 RI3{>|*
90000 A'iF'<%
y$o=\:
Current liabilities WG} CPkj
20000 a<TL&
18000 yMl'1W
=pyZ^/}P
Total liabilities vqMk)htIz
30000 5l0rw)
25000 Gcz@ze
q-
(NZno
Z[u,1l.T
During the audit, John has the following findings: z.&%>%TPP
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: t<,p-TM]
Dr. Cash in Bank RMB 5820000 lFGxW 5
Dr. Financial Expenses RMB 180000 v9lBk]c
Cr. Notes Receivable RMB 6000000 E:=KH\2f
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: A>%UYA
Dr. Non-operating Expenses RMB 3000000 %L>n
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Cr. Provisions RMB 3000000 2%C5P0;QX
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 =v$s+`cP
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: Gj8[*3d
Dr. Provisions RMB 3000000 9w;J7jgOT!
Cr. Cash in Bank RMB 2500000
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Cr. Non-operating Income RMB 500000 #r)1<}_e#
Required: kah3Uhr~
(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.
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(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: 'O2#1SWe
(a)Inventory Turnover Rate in 20×8; PJ'lZu8?x
(b)Gross Profit Ratio in 20×8; wx%nTf/Oa
(c)After Tax Return on Total Assets in 20×8; and 1idjX"'
(d)Current Ratio as at December 31, 20×8 0gD59N'C
(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. `W$0T;MPF
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 S{i@=:
以下是未经审计财务报表的部分信息: pkf OM"5'
(单位:千元) [2 w<F[
项目 20×8 20×7 bL],KW;Q
营业收入 64 000 48 000 GL =XiBt
营业成本 54 000 42 000 ^}/
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净利润 30 -20 e$+f~~K
Am%a4{b
20×8年12月31日 20×7年12月31日 aU<D$I
存货 16 000 12 000 Xe3z6
流动资产 60 000 50 000 ,x"yZ
总资产 100 000 90 000 yb{{ z@
流动负债 20 000 18 000 d3=6MX[c
总负债 30 000 25 000 ph12x: @B
在审计过程中,约翰发现以下事项: <Z:8~:@
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: 8
]06!7S}
借:银行存款5 820 000 Y:!/4GF
财务费用 180 000 wQ=yY$VP
贷:应收票据6 000 000 1;:t~Y
(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: N!Wq}#&l
借:营业外支出 3 000 000 e(=~K@m
贷:预计负债 3 000 000 ^Ii \vk
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: h3]@M$Y[
借:预计负债 3 000 000 'Rkvsch
贷:银行存款 2 500 000 i=X*
营业外收入 500 000 ~? FrI
要求: N[x@j)w-`
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 r5!x,{E6
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: 7hF,gl5
(a)20×8年存货周转率 H")N_BB
(b)20×8年销售毛利率 9p\Hx#^
(c)20×8年总资产净利率 ;Ma/b= Y
(d)20×8年12月31日的流动比率 ,KhMzE8_a
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) mB^I@oZ*
【答案】 <% 7P
(1)应选择营业收入作为计算重要性水平的基础。 N{V5 D
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 /pIb@:Y1?
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ,+\4
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销售毛利率=(64000-54000)/64000×100%=15.63% ?dKa;0\
总资产净利率=30/[(100000+90000)/2]=0.03% aEEz4,x_
流动比率=60000/20000=3 ;Up'~BP(
(3) tf7v5iG e
a.应建议做如下审计调整分录: 8>VI$
借:应收票据 6 000 000 SGBVR ^
贷:短期借款 5 820 000 %EVV-n@
财务费用 180 000 _/jUs_W
b.应建议做如下审计调整分录: =|gJb|?w
借:预计负债 3 000 000 (o*e<y,}W
贷:营业外支出 500 000 fzRyG-cEpj
其他应付款 2 500 000 B3cf] S%