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)。 xs= ~N
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: t}+/GSwT
(Expressed in RMB thousands) ~& -h5=3
FINANCLAL STATEMENTS ITEMS Lx,=Up.
20×8 Z],j|rWy6
20×7 xsa`R^5/c
.n<vhLDQn
Sales Sa g)}6+
64000 #eW
T-m
48000 UhH#>2r_
jOGdq;|
Cost of sales
r!R-3LO0s
54000 -,8LL@_
42000 aHN"I
Mj@2=
c
Net profit lDL&":t
30 >.meecE?Q
-20 `'1g>Ebk0
vPDw22L;'
(p>|e\(]0
December 31, 20×8 <YvXyIs
December 31, 20×7 ^oi']O
"\wMs
Inventory X%yG{\6:
16000 !|[rh,e]
12000 sF{~7IB
rUI?{CV
Current assets Y-
ao
yoNS
60000 :a }](Wn
50000 jR%*,IeB
%7ngAIg
Total assets _=mzZe[
100000 "# *W#ohVA
90000 zj7ta[<tr
2>o[
Current liabilities | N/d}
20000 B|m)V9A%-
18000 a0|hLqI
L-|l$Ti"
Total liabilities 03~ ADj
30000 E0ED[d,
25000 gGrVpOzBj
0he3[m}Nr
X.b8qbnq[
During the audit, John has the following findings: gH//@`6
(1)On December 31, 20×8,Company A discounted an undue commercial acceptance bill (with recourse) amounted to RMB 6000000, and was charged discounting interest of RMB 180000 by the bank. Company A made an accounting entry on December 31, 20×8 as follows:
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Dr. Cash in Bank RMB 5820000 1G
YZ1iA
Dr. Financial Expenses RMB 180000 6q^$}eOt
Cr. Notes Receivable RMB 6000000 C5~~$7k0
(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: WFF?VBT'^
Dr. Non-operating Expenses RMB 3000000 COw"6czX/
Cr. Provisions RMB 3000000 _wKwiJs
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 %ax
r@o[
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: <{#_;7h"
Dr. Provisions RMB 3000000 \OW:-
Cr. Cash in Bank RMB 2500000 =+iY<~8
Cr. Non-operating Income RMB 500000 NsB]f{7>8+
Required: q;68tEupR
(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-8.2
(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: Lap?L/NS
(a)Inventory Turnover Rate in 20×8; &l+Qn'N
(b)Gross Profit Ratio in 20×8; U<'N=#A
J
(c)After Tax Return on Total Assets in 20×8; and UyRy>:n
(d)Current Ratio as at December 31, 20×8 [Qn
N1k
(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. >M#@vIo?<6
【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。 E+\?ptw
以下是未经审计财务报表的部分信息: )Q=u[ p
(单位:千元) z"4 q%DC
项目 20×8 20×7 *'?ZG/ (
营业收入 64 000 48 000 ^("b~-cJ
营业成本 54 000 42 000 -_ 9k+AV
净利润 30 -20 w'TAM"D`
'x%gJi#
20×8年12月31日 20×7年12月31日 ) ^En
存货 16 000 12 000 'APx
流动资产 60 000 50 000 Pxl, "
总资产 100 000 90 000 Z:{|
?4
流动负债 20 000 18 000 `Abd=1nH
总负债 30 000 25 000 ,SIS3A>s
在审计过程中,约翰发现以下事项: "}3sL#|z
(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: pN^g.
借:银行存款5 820 000 `Wx|
4
财务费用 180 000 EGl<oxL*R2
贷:应收票据6 000 000 "lt <$.
(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: RsDSsux
借:营业外支出 3 000 000 Ur+U
#}
贷:预计负债 3 000 000 AGFA;X
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: oL]uY5eZoe
借:预计负债 3 000 000 :of([e|u6
贷:银行存款 2 500 000 Ts.2\-+3
营业外收入 500 000 DZqG7p$u4i
要求: {YiMd
oMhg
(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。 l9\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: {<{VJGY7T
(a)20×8年存货周转率 h3
HUdu
(b)20×8年销售毛利率 E+Bc>xl@m
(c)20×8年总资产净利率 1i#y>fUj
(d)20×8年12月31日的流动比率 wNUT0 +
(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) ;y(;7n_ a
【答案】 J=-z~\f56
(1)应选择营业收入作为计算重要性水平的基础。 !/,oQoG
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 \lg
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 f(y+1
销售毛利率=(64000-54000)/64000×100%=15.63% ir6aV|ea!
总资产净利率=30/[(100000+90000)/2]=0.03% _S) K+C|@
流动比率=60000/20000=3 N5K(yY_T
(3) brTNwRze
a.应建议做如下审计调整分录: %fg6',2
借:应收票据 6 000 000 #H7
SLQr\
贷:短期借款 5 820 000 (K[e=0Rf
财务费用 180 000 U nDCC_ud
b.应建议做如下审计调整分录: pJFn
8&!J
借:预计负债 3 000 000 T8m]f<
贷:营业外支出 500 000 1{M?_~g4
其他应付款 2 500 000 v9 \n=Z