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)。 *X ;ch55\
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: p<}y'7(
(Expressed in RMB thousands) 5X>~39(r
FINANCLAL STATEMENTS ITEMS _Hfpizm
20×8 AO|1m$xf
20×7 7YK6e
kM&-t&7
Sales 9yWf*s<
64000 b{{ H@LTW
48000 DS>&|zF5l
:]CL}n$*
Cost of sales <r`;$K
54000 z!18Jh
42000 ~(huUW
>5"e<mwD7d
Net profit DuDt'^]
30 d_0(;'
-20 S]~5iO_bst
3EY
m@oZj
);6f8H@G
December 31, 20×8 4[MTEBx
December 31, 20×7 9c }qVf
-i
4
2DMmwB
Inventory v+`'%E
16000 -!O8V
12000 +zq"dj_
\%.oi@A
Current assets 75R#gQ]EV
60000 /h.{g0Xc
50000 ^FBu|eAkE
_)!*,\*`{
Total assets Dj'?12Onu=
100000 tcsb]/my
90000 JtxVF!v
R8eBIJ/@_
Current liabilities jw{B8<@s
20000 vNuws_
18000 <eS/-W%n6
T]tu#h{
a
Total liabilities rKI<!
30000 J'7;+.s(
25000 D15-pz|Q
<)T~_s
$x]/|u/9
During the audit, John has the following findings: /IJy'@B
(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: ;v2eAe@7
Dr. Cash in Bank RMB 5820000 3&AJN#c
Dr. Financial Expenses RMB 180000 {6:*c
Cr. Notes Receivable RMB 6000000 W}
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(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: N[Ei%I
Dr. Non-operating Expenses RMB 3000000 ruB D
^-
Cr. Provisions RMB 3000000 G)t-W%D&
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 ty
rP[y
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: 5;p|iT
Dr. Provisions RMB 3000000 r<!nU&FPD:
Cr. Cash in Bank RMB 2500000 j4=iHnE;
Cr. Non-operating Income RMB 500000 ss-6b^
Required: " M?dU^U^
(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. FdzdoMY
(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: eL(<p]
(a)Inventory Turnover Rate in 20×8; \y(3b#
(b)Gross Profit Ratio in 20×8; 2y;vX|lX]
(c)After Tax Return on Total Assets in 20×8; and g)r{LxT# +
(d)Current Ratio as at December 31, 20×8 xsJXf @
(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. ,(K-;Id4
【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。 <,n:w[+!`P
以下是未经审计财务报表的部分信息: R2-F@_
(单位:千元) RO/(Ldh
项目 20×8 20×7 ~h
Dp-R;
营业收入 64 000 48 000 x< 2]UB`
营业成本 54 000 42 000 HB'9
&
净利润 30 -20 QkD
~
E&y)`>Nq{
20×8年12月31日 20×7年12月31日 *PL&CDu=)
存货 16 000 12 000 4* >j:1
流动资产 60 000 50 000 m[3c,Axl7
总资产 100 000 90 000 EC[]L'IL
流动负债 20 000 18 000 _LC*_LT_
总负债 30 000 25 000 j<0;JAL
在审计过程中,约翰发现以下事项: Q8m%mJz~]
(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: fd>{UyU
借:银行存款5 820 000 WH1" HO
财务费用 180 000 6LGl]jHf
贷:应收票据6 000 000 ,pGA|ob
(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: zm5PlG
借:营业外支出 3 000 000 `VO;\s$5j
贷:预计负债 3 000 000 ly[dV.<P
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: :dULsl$Nz
借:预计负债 3 000 000 3I~.'>Pd
贷:银行存款 2 500 000 ov,s]g83
营业外收入 500 000 5!qf{
4j
要求: md'wre3
(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。 n~|?)EL
(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: ?yq=
c
(a)20×8年存货周转率 np6G~0Y`
(b)20×8年销售毛利率 eQ#i.
%
(c)20×8年总资产净利率 o)@nnqa
(d)20×8年12月31日的流动比率 -#T%*
(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) qwj7CIc(
【答案】 u$[8Zmgzz
(1)应选择营业收入作为计算重要性水平的基础。 'hBnV xd&
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 `Tyd1!~
-WqhOZ
(2)存货周转率=54 000/[(16000+12000)/2]=3.86 _1G/qHf^S
销售毛利率=(64000-54000)/64000×100%=15.63% a_5s'Dh
总资产净利率=30/[(100000+90000)/2]=0.03% ?i#x13
流动比率=60000/20000=3 fv8x7l7
(3)
H(76sE
a.应建议做如下审计调整分录: aaY AS"/:
借:应收票据 6 000 000 [5p9p1@u{C
贷:短期借款 5 820 000 [y'blCb
财务费用 180 000 bs)wxU`Q*
b.应建议做如下审计调整分录: Tt~[hC
h
借:预计负债 3 000 000 2h51zG#qd
贷:营业外支出 500 000 -A
w]b} #v
其他应付款 2 500 000 :AztHf?X