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)。 =&Tuh}
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: QoxQ"r9Wh
(Expressed in RMB thousands) i]
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FINANCLAL STATEMENTS ITEMS |QR9#Iv
20×8 1;B&R89}
20×7 @o#Yq
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O(e!Vx{t!
Sales f87XE";:A
64000 3`
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48000 \!w |
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Cost of sales =8rNOi
54000 F~7TE91C
42000 jffNA^e
a0 PU&o1EF
Net profit 6V@_?a-K
30 Y%|dM/a`
-20 (#)XRm{t
$A/?evJi8R
OjG`s-91&
December 31, 20×8 T2tvU*[=
December 31, 20×7 fU$_5v4
%XZhSmlf
Inventory Di}M\!-[
16000 [gZR}E
12000 OA} r*W
z
$"MVr5q6
Current assets wf\7sz
60000 ]|=`-)AP3
50000 1,]FLsuy
0L ,!o[L*
Total assets R7!v=X]i
100000 \j BA4?(S
90000 a'n17d&
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Current liabilities &@BAVc z
20000 8|L@-F
18000 R?2HnJh
E $W0HZ'
Total liabilities \
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30000 *
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25000 ]%FP*YU4O
f4F%\ "
W
2zG"Q
During the audit, John has the following findings: X?&{<
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(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: %W=BdGr[8z
Dr. Cash in Bank RMB 5820000 rl$"~/ oz
Dr. Financial Expenses RMB 180000 &5z9C=]e
Cr. Notes Receivable RMB 6000000 cu'( Hj
(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: ;O{bF8U
Dr. Non-operating Expenses RMB 3000000 \
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Cr. Provisions RMB 3000000 ' u;Zw%O(J
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ct
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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: FUJ<gqL
Dr. Provisions RMB 3000000 %4V$')rek
Cr. Cash in Bank RMB 2500000 q@;1{
Cr. Non-operating Income RMB 500000 .}Ys+d1b9c
Required: B*Om\I
(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. ".N{v1
(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: V8&'
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(a)Inventory Turnover Rate in 20×8; mpVD;)?JmM
(b)Gross Profit Ratio in 20×8; 2mMi=pv9
(c)After Tax Return on Total Assets in 20×8; and ?~.:C'
(d)Current Ratio as at December 31, 20×8 /lPn
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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. ;(;~yB|NZ5
【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。 G-K{
以下是未经审计财务报表的部分信息: D]rYg'
(单位:千元) u2`
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项目 20×8 20×7 }aI>dHL
营业收入 64 000 48 000 YktZXc?iI<
营业成本 54 000 42 000 $/5\Hg1
净利润 30 -20 VlSM/y5
c#1kg@q@
20×8年12月31日 20×7年12月31日 11Qi
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存货 16 000 12 000 #3{}(T7
流动资产 60 000 50 000 9ZatlI,
总资产 100 000 90 000 #h
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流动负债 20 000 18 000 >j$aY
总负债 30 000 25 000 ST~YO
在审计过程中,约翰发现以下事项: e>.^RtDF
(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: ],~
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借:银行存款5 820 000 1^V.L+0s]
财务费用 180 000 [wiB1{/Ls.
贷:应收票据6 000 000 [Ob'E!;<
(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: *A8Et5HAv
借:营业外支出 3 000 000 Y
9z
*xS
贷:预计负债 3 000 000
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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!9mygI
借:预计负债 3 000 000 i+< v7?:`#
贷:银行存款 2 500 000 rnp; R
营业外收入 500 000 ]@Z
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要求: *qAG0EM|
(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。 o"z;k3(i$7
(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: PApr8Xe
(a)20×8年存货周转率 :hW(2=%
(b)20×8年销售毛利率 G(Hr*T%
(c)20×8年总资产净利率 e{Vn{.i,5
(d)20×8年12月31日的流动比率 (: kn)
(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) 1>Vq<z
【答案】 u^c/1H:6
(1)应选择营业收入作为计算重要性水平的基础。 }R5EuR m\
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 ;lrO?sm
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 IR:{ { (
销售毛利率=(64000-54000)/64000×100%=15.63% nN@
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总资产净利率=30/[(100000+90000)/2]=0.03% *zDDi(@vtK
流动比率=60000/20000=3 -aE,KQ
(3) 9 BU#THDm
a.应建议做如下审计调整分录: MtF0/aT
借:应收票据 6 000 000 "Ms{c=XPK
贷:短期借款 5 820 000 #f_'&m
财务费用 180 000 J(maJuY
b.应建议做如下审计调整分录: w`+-xT%
借:预计负债 3 000 000 OpU9:^r
贷:营业外支出 500 000 BhbfPQ
其他应付款 2 500 000 gW4fwE^