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)。 SI U"cO4
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: @r'8<6hVO
(Expressed in RMB thousands) !\^c9Pg|v
FINANCLAL STATEMENTS ITEMS -49OE*uF
20×8 L
Ktr>u
20×7 mq>Ag
9_oIAn
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Sales &!a[rvtZ+
64000 9w (QM-u
48000 ,:j^EDCsaJ
jO3Z2/#
Cost of sales (:-=XR9
A`
54000
n~k;9`
42000 TAIcp*)ZM
]Ocf %(
Net profit D:M0_4S
30 i e%ZX
-20 j?#S M!f
>cQ*qXI0
=D<46T=(RB
December 31, 20×8 U5%EQc-"P
December 31, 20×7 e%o6s+"
r)q6^|~47
Inventory |&o%c/
16000 UII R$,XB
12000 '
w!o!_T6
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Current assets #P<v[O/rA
60000 Hi|'
50000 rV54-K;`0
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B[
Total assets l0 rZril
100000 bw ' yX
90000 JO1KkIV
Rq<T2}K
Current liabilities 2>_6b>9]
20000 W1i
Kn
18000 $*{PUj
/k l0(='
Total liabilities =AUR]&_B
30000 #92:h6
25000 !Yz~HO,u+
eOE7A'X
A!x_R {,yH
During the audit, John has the following findings: /|bir6Y:
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows: Z
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Dr. Cash in Bank RMB 5820000 &1{RuV&t
Dr. Financial Expenses RMB 180000 w%g@
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Cr. Notes Receivable RMB 6000000 FU E/uh
(2)In June 20×8, Company A provided guarantee for Company B’s borrowings from Bank C. In December 20×8, since Company B failed to repay the borrowings in time, Company A was sued by Bank C to make relevant repayment amounted to RMB 3000000. As at December 31, 20×8, the lawsuit was still pending, and, based on the reasonable estimate of the guarantee losses made by the management, Company A made an accounting entry as follows: ZjF$zVk
Dr. Non-operating Expenses RMB 3000000 p9y
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Cr. Provisions RMB 3000000 HBXp#$dPc
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 }b\e2ZK
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: FDkRfh K
Dr. Provisions RMB 3000000 r\.1=c#"bP
Cr. Cash in Bank RMB 2500000 mTwz&N
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Cr. Non-operating Income RMB 500000 Ky[/7S5E
Required: ck){N
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(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. 4t|ril``]
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: C7[_#1Oz
(a)Inventory Turnover Rate in 20×8; '(7]jug
(b)Gross Profit Ratio in 20×8; "[q/2vC
(c)After Tax Return on Total Assets in 20×8; and .R#p<"$I
(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. ;^^u _SuH
【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。 bW7tJ
以下是未经审计财务报表的部分信息: s=!
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(单位:千元) ?kI-o0@O.
项目 20×8 20×7 {Nuwz|Ci
营业收入 64 000 48 000 !;x
营业成本 54 000 42 000 4/&U
s
净利润 30 -20 _>9|"seR
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20×8年12月31日 20×7年12月31日 @0; 9.jml,
存货 16 000 12 000 Zz'(!h Uy
流动资产 60 000 50 000 rp6Y&3p.
总资产 100 000 90 000 0m(/hK
流动负债 20 000 18 000 YR@@:n'TP
总负债 30 000 25 000 u-=S_e
在审计过程中,约翰发现以下事项: 4_ztIrw
(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: nU- .a5
借:银行存款5 820 000 ;]D@KxO$dJ
财务费用 180 000 Mc#uWmc 7
贷:应收票据6 000 000 /V+N
(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: "CapP`:
借:营业外支出 3 000 000 Og4 X3QG
贷:预计负债 3 000 000 N6S0(%
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: idMb}fw>
借:预计负债 3 000 000 bae .?+0[
贷:银行存款 2 500 000 N)K};yMf
营业外收入 500 000 `Rub"zM
要求: YAv-5
(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。 9<I@}w
(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: +AhR7R!
(a)20×8年存货周转率 T;XEU%:LK
(b)20×8年销售毛利率 zm-j FY ?
(c)20×8年总资产净利率 UO47XAO
(d)20×8年12月31日的流动比率 P%z\^\p"5
(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) s3HwBA
【答案】 }{[H@uhjH
(1)应选择营业收入作为计算重要性水平的基础。 qL091P\F
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 @vh3S+=M
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 c9/w-u~j
销售毛利率=(64000-54000)/64000×100%=15.63% XaW@CW
总资产净利率=30/[(100000+90000)/2]=0.03% 6Xb\a^q
流动比率=60000/20000=3 y44FejH(v
(3) ywXerz7dUk
a.应建议做如下审计调整分录: S5*wUd*p#
借:应收票据 6 000 000 ~Z!
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贷:短期借款 5 820 000 A)Wp W M
财务费用 180 000 aR6?+`6<
b.应建议做如下审计调整分录: PwU}<Hrl]
借:预计负债 3 000 000 r483"k(7
贷:营业外支出 500 000 i;;CU9`E2q
其他应付款 2 500 000 m3C&QdjRp