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)。 iY*fp=c9
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: aqEmF
(Expressed in RMB thousands) 5=_bK^Am
FINANCLAL STATEMENTS ITEMS i_
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20×8 cDIZkni=
20×7 43?uTnX/
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Sales 19b@QgfWpb
64000 V}X>~ '%
48000 cq0-Dd9^&
ub;:"ns}
Cost of sales `gAW5 i-z5
54000 |Kb
m74
Z%
42000 .XT]\'vW
B~B, L*kC2
Net profit _#K?yP?
30 C#LTF-$])
-20 A <_{7F9
G
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December 31, 20×8 v{SZ(;
December 31, 20×7 .*edaDi
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Inventory xzHb+1+p
16000 Ae\:{[c_D
12000 9ZNzC
i!
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Current assets !dq$qUl/
60000 q|V|Jl
50000 ^8KxU
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Total assets $R%tD.d3
100000 DwGRv:&HH
90000 iG#92e4
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Current liabilities (mplo|>
20000 Rl&nR$#
18000 EM(%|#
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Total liabilities 6l:uQz9
30000 +
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25000 Id1de>:;
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aJ@lT&.
During the audit, John has the following findings: M@JW/~p'
(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:
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Dr. Cash in Bank RMB 5820000 zm8k,e +5-
Dr. Financial Expenses RMB 180000 7 0PGbAD
Cr. Notes Receivable RMB 6000000 W[R`],x`
(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: jvxCCYXR
Dr. Non-operating Expenses RMB 3000000 _0BQnzC=
Cr. Provisions RMB 3000000 :}2T of2
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 T% GR{mp
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: fR?'HsQg
Dr. Provisions RMB 3000000 O0;mXH
Cr. Cash in Bank RMB 2500000 H_,4N_hL
Cr. Non-operating Income RMB 500000 m%'T90mi
Required: 5g.w"0MkY
(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. cc
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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: *pDS%,$xe
(a)Inventory Turnover Rate in 20×8; ~^'WHuzPy
(b)Gross Profit Ratio in 20×8;
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(c)After Tax Return on Total Assets in 20×8; and 1_TniR3z1
(d)Current Ratio as at December 31, 20×8 IwBO#HR~)
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. .K1wp G[4
【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。
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以下是未经审计财务报表的部分信息: /E3~z0
(单位:千元) f'
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项目 20×8 20×7 nBLb1T
营业收入 64 000 48 000
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营业成本 54 000 42 000 9R">l5u
净利润 30 -20 }u1h6rd `
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20×8年12月31日 20×7年12月31日 )?I*zc
存货 16 000 12 000 O \
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流动资产 60 000 50 000 {6%-/$LX
总资产 100 000 90 000 Q+/P>5O/
流动负债 20 000 18 000 OO'zIC<z
总负债 30 000 25 000 GXk
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在审计过程中,约翰发现以下事项: xB]^^NYE=
(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: R](cko=
借:银行存款5 820 000 8Q"1I7U
财务费用 180 000 +=d=
贷:应收票据6 000 000 ;U$Rd,T4S
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: *yY\d.6(
借:营业外支出 3 000 000 XL9-N?(@
贷:预计负债 3 000 000 ?*[35XUd
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: lon9oraF'
借:预计负债 3 000 000 lIZ&'
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贷:银行存款 2 500 000 `~_H\_JpO
营业外收入 500 000 Jw>na _FJ
要求: Sx (E'?]
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 F\v~2/J5v
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: 7z&$\qu2
(a)20×8年存货周转率 KV-h~C
(b)20×8年销售毛利率 v T
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(c)20×8年总资产净利率 ^N7 C/" p
(d)20×8年12月31日的流动比率 $pt~?ZZ3-
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) uRYq.`v,
【答案】 nywC]T
(1)应选择营业收入作为计算重要性水平的基础。 l
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 =6f)sZ
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 th<>%e}5c
销售毛利率=(64000-54000)/64000×100%=15.63% @,}tY ?>a
总资产净利率=30/[(100000+90000)/2]=0.03% Pp_? z0M
流动比率=60000/20000=3 ;g;1<?
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(3) )D)4=LJ
a.应建议做如下审计调整分录: 7Ka4?@bQ
借:应收票据 6 000 000 _
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贷:短期借款 5 820 000 [wnaF|h
财务费用 180 000 F- M)6&T
b.应建议做如下审计调整分录: 5R%y3::$S
借:预计负债 3 000 000 CN}0( 2n
贷:营业外支出 500 000 gjFQDrz(
其他应付款 2 500 000 B/^o$i