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)。 F ei5'
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: <rtKPlb//
(Expressed in RMB thousands) P0y DL:X[
FINANCLAL STATEMENTS ITEMS )X-'Q -
20×8 XwUa|"X6
20×7 (?m{G Q
(>vyWd]
Sales 6#7hMQ0&;O
64000 ,VS(4
48000 bn)1G$0|
XVkw/l
Cost of sales #B<EMGH
54000 g3].STz6w
42000 Mh*r)B~%[
4XNheP;b
Net profit w+/`l*
30
& ?x R
-20 qmFG
T[ZmD{6l
ss[`*89
December 31, 20×8
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December 31, 20×7 ZA+dtEE=f9
z3y{0<3
Inventory
'g!T${
16000 Ec!!9dgRQ
12000 U3X5tED
]:OrGD"
Current assets
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60000 I)rO|
50000 aOH|[
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Total assets RNi%6A1
100000 -NXxxK
90000 eAf i!!Z<
!l9{R8m>eJ
Current liabilities <{isWEW9]3
20000
!&{rnK
18000 bZ\R0[0
_ocCt XI9
Total liabilities v>_@D@pr
30000 :j]1wp+
25000 E`.xu>Yyj
2#>;cn\
z:>cQUYl
During the audit, John has the following findings: 8:$h
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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: Co1d44Q
Dr. Cash in Bank RMB 5820000 0~bUW V
Dr. Financial Expenses RMB 180000 <y@vv
Cr. Notes Receivable RMB 6000000 }R%H?&P
(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: .xN<<+|_v'
Dr. Non-operating Expenses RMB 3000000 {y9G
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Cr. Provisions RMB 3000000 w:t~M[kTW
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 4j={ 9e<
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: !Y ,7%
Dr. Provisions RMB 3000000 cUY-
Cr. Cash in Bank RMB 2500000 { ADd[V
Cr. Non-operating Income RMB 500000 ;P91'B~t
Required: 6KMO*v
(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. wZ(1\
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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: V&*IZ
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(a)Inventory Turnover Rate in 20×8; `HX:U3
/
(b)Gross Profit Ratio in 20×8; %e~xO x
(c)After Tax Return on Total Assets in 20×8; and L7$f01*
(d)Current Ratio as at December 31, 20×8 E_
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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. ]SQ+r*a
【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。 )x6&Y
以下是未经审计财务报表的部分信息: M~A#_%2U
(单位:千元) `?z('FV
项目 20×8 20×7 B!wN%>U
营业收入 64 000 48 000 =A'>1N
营业成本 54 000 42 000 2FMmANH0ev
净利润 30 -20 GW AT0
2Re8rcQQU
20×8年12月31日 20×7年12月31日 o%_-u
+
存货 16 000 12 000 r8EJ@pOF2w
流动资产 60 000 50 000 " .7@
总资产 100 000 90 000 ?w:\0j5~
流动负债 20 000 18 000 zDvV%+RW)
总负债 30 000 25 000 ctP+ECH
在审计过程中,约翰发现以下事项: evyjHc Cx
(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: Xh8U}w<k6
借:银行存款5 820 000 G<C D4:V
财务费用 180 000 BZ?w}%-MO
贷:应收票据6 000 000
tj;47UtH
(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: 7J);{ &x9h
借:营业外支出 3 000 000 -HF?1c
贷:预计负债 3 000 000 v?He]e'
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: _
s 3aaOL
借:预计负债 3 000 000 bc(MN8b ]j
贷:银行存款 2 500 000 Zf$mwRS[_
营业外收入 500 000 3eUi9_s+
要求: ~>@~
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(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 &
b (*
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率:
:q/s%`ob
(a)20×8年存货周转率 w[GEm,ZC
(b)20×8年销售毛利率 |eRE'Wd0
(c)20×8年总资产净利率 kwp%5C-S
(d)20×8年12月31日的流动比率 ozY$}|sjDT
(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 ]h
【答案】 +(!/(2>~
(1)应选择营业收入作为计算重要性水平的基础。 2D:/.9= 8v
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 3FvVM0l"
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 s17)zi,?4
销售毛利率=(64000-54000)/64000×100%=15.63% T'6`A
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总资产净利率=30/[(100000+90000)/2]=0.03% 6"_pCkn;c<
流动比率=60000/20000=3 @v`.^L{P
(3) Ys.GBSlHG
a.应建议做如下审计调整分录: @:im/SE
借:应收票据 6 000 000 +tk`$g
贷:短期借款 5 820 000 4M%|N
财务费用 180 000 t;+b*S6D
b.应建议做如下审计调整分录: -~c-mt
借:预计负债 3 000 000 i=/hLE8T*
贷:营业外支出 500 000 &w9*pJR %
其他应付款 2 500 000 |fyzb=Lg