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)。 E1 IT>_
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: Z:9xf:g*
(Expressed in RMB thousands) IcRA[
g
FINANCLAL STATEMENTS ITEMS P0VXHE1p
20×8 A?i
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20×7 #@FMH*?xX6
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Sales A!B:vJ
64000 X5@+M!`
48000 V>D8l @
pURtk-Fr2
Cost of sales x7\b-EC
54000 hOZ:r =%
42000 g>`
k9`
pGz 5!d
Net profit 'EzKu~*
30 9U~fc U6
-20 gQ90>P:
.n$c+
{
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December 31, 20×8 hOFC8 g
December 31, 20×7 {txW>rZX
y7pwYRY
Inventory r@")MOGc
16000 e}l F#$
12000 pmda9V4
6z`l}<q
Current assets s&v7<)*q
60000 {A^ 3<=|
50000
bu0i#
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Total assets 6g*?(Y][
100000
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90000 'q>2WP|UY9
Me;XG?`
Current liabilities |"]#jx*8KC
20000 5&)T[Q X`
18000 (KG2
X
^wass_8
Total liabilities BD.&K_AW
30000 gXJtk;
25000 HxUJ 0Q
-@7?N6~qZx
l,fwF ua
During the audit, John has the following findings: t@X{qm:%Z
(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: aH/8&.JLi
Dr. Cash in Bank RMB 5820000 Z
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Dr. Financial Expenses RMB 180000 {CH5`&
Cr. Notes Receivable RMB 6000000 edai2O
(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: ._%8H
Dr. Non-operating Expenses RMB 3000000 M!i["($_
Cr. Provisions RMB 3000000 &/m0N\n?
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 u.yYE,9
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: d+45Y,|
Dr. Provisions RMB 3000000 ,
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Cr. Cash in Bank RMB 2500000 O0l1AX"
Cr. Non-operating Income RMB 500000 8|
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Required: f;D(X/"f]
(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion.
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(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: xs
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(a)Inventory Turnover Rate in 20×8; E]w2
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(b)Gross Profit Ratio in 20×8; Cl6P,C
(c)After Tax Return on Total Assets in 20×8; and _xsHU`(J#
(d)Current Ratio as at December 31, 20×8 :>CD;
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. 4Sz2
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【中文翻译】注册会计师约翰负责审计A公司20×8年12月31日的财务报表。 KzZfpdI92
以下是未经审计财务报表的部分信息: qrHCr:~
(单位:千元) + L[a
项目 20×8 20×7 ]FNe&o1zX
营业收入 64 000 48 000 0VnRtLnqI
营业成本 54 000 42 000 5X PoQ^
净利润 30 -20 :]icW^%
f4O}WU}l{s
20×8年12月31日 20×7年12月31日 (I/ZI'Ydy
存货 16 000 12 000 lT?Vt`==~M
流动资产 60 000 50 000 BN&eU'Dl]
总资产 100 000 90 000 /&Hl62Ak
流动负债 20 000 18 000 sFPh?
总负债 30 000 25 000 C%#w1k
在审计过程中,约翰发现以下事项: i"0*)$
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(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: Bx/)Sl@
借:银行存款5 820 000 wwN kJ+
财务费用 180 000 .unlr_eA
贷:应收票据6 000 000 C).+h7{nd
(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: |H(i)yu"5'
借:营业外支出 3 000 000 ~tLvD [n[
贷:预计负债 3 000 000 z57q|
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: )j QrD`
借:预计负债 3 000 000 HBNX a
贷:银行存款 2 500 000 EK Ac>g
营业外收入 500 000 q>s`G
要求: 4~AY:
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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。 DoNN;^H
(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: =)#<u9
qqL
(a)20×8年存货周转率 a$EudD#+
(b)20×8年销售毛利率 th{ie2$
(c)20×8年总资产净利率 {`Z=LLL
(d)20×8年12月31日的流动比率 hltUf5m'b
(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) _&N:%;9uD
【答案】 v8 II=9
(1)应选择营业收入作为计算重要性水平的基础。 RT2&^9-
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 &p+2Vz{
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 /uPMzl
销售毛利率=(64000-54000)/64000×100%=15.63% i)/#u+Y1P
总资产净利率=30/[(100000+90000)/2]=0.03% "u'dd3!
流动比率=60000/20000=3 "^ aSONz
(3) E*yot[kj
a.应建议做如下审计调整分录: Pz|}[Cx-
借:应收票据 6 000 000 Q>xp 90&.n
贷:短期借款 5 820 000 kaRjv
财务费用 180 000 p`S~UBcL.
b.应建议做如下审计调整分录: Y3ypca&P9
借:预计负债 3 000 000 8} X>u2t
贷:营业外支出 500 000 vos-[$
其他应付款 2 500 000 w
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