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)。 LwCf}4u"
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: Gy[m4n~Z5
(Expressed in RMB thousands) d>Np; "
FINANCLAL STATEMENTS ITEMS [M.!7+$o
20×8 Xpf:I
20×7 dBp)6ok#c
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Sales &q[`lIV, L
64000 p?sC</R
48000 ON3~!Q)
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Cost of sales [lAZ)6E~=
54000 $]]|#}J
42000 =I9RM9O<
*1b)Va8v*
Net profit n|I5ylt
30 uyWt{>$
-20 u"1Zv!
^b`aO$
5@@ilvwzz
December 31, 20×8 Xkb\fR6<K
December 31, 20×7 KP]{=~(
DlbNW& V
Inventory nx'D&,VX
16000 ;bt%TxuKb
12000 >a2i%j/T
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Current assets ?r-W
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60000 gflu!C6
50000 3N 5b3F
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Total assets s8 0$
100000
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90000 pbePxOG
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Current liabilities
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20000 leJ\
18000 S+&Bf ~~D
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Total liabilities |.Y}2>{
30000 w0L+Sj db
25000 ]728x["(19
Rz9IjL.Z
#)N}F/Od^
During the audit, John has the following findings: hV]]%zwR+
(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: 1x~dsM;q
Dr. Cash in Bank RMB 5820000 _B5vh(.
Dr. Financial Expenses RMB 180000 0'0GAh2
Cr. Notes Receivable RMB 6000000 o\;cXuh
(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: 9s'[p'[Z
Dr. Non-operating Expenses RMB 3000000 {:0TiOP5x
Cr. Provisions RMB 3000000
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On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 E1-BB
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: 0B?t:XU ,
Dr. Provisions RMB 3000000 ;HbAk`\1A
Cr. Cash in Bank RMB 2500000 Q9h;`G
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Cr. Non-operating Income RMB 500000 Dq G m
Required: &;]KntxB
(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. SV0h'd(
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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: 9(
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(a)Inventory Turnover Rate in 20×8; ,4tuWO)"
(b)Gross Profit Ratio in 20×8; Gm2q`ki
(c)After Tax Return on Total Assets in 20×8; and #.^A5`k
(d)Current Ratio as at December 31, 20×8 p`-
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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. Z0I>PBL@l
【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。 R+y 9JE
以下是未经审计财务报表的部分信息: S)$iHBx{
(单位:千元) !m<v@SmL\
项目 20×8 20×7 JcDcYB
营业收入 64 000 48 000 [uD G;We=
营业成本 54 000 42 000 KJ;;825?
净利润 30 -20 QpZCU]
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20×8年12月31日 20×7年12月31日 TtKV5
存货 16 000 12 000 \hr2#!
流动资产 60 000 50 000 LaCVI
总资产 100 000 90 000 K~ob]I<GiB
流动负债 20 000 18 000 /l&$B
总负债 30 000 25 000 `!A<XiAOmM
在审计过程中,约翰发现以下事项: g ONybz6]
(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: $]t3pAI[H0
借:银行存款5 820 000 vlS+UFH0
财务费用 180 000 (AI
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贷:应收票据6 000 000 A4>j4\A[M
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: M\rZr3
借:营业外支出 3 000 000 o!-kwtw`l
贷:预计负债 3 000 000 rZSD)I
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: %ot4$eY
借:预计负债 3 000 000 K*[`s'Ip-
贷:银行存款 2 500 000 y8arFG
营业外收入 500 000 J':x]_;
要求: p]E \!/
(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。 ]oIP;J:&
(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: l}MVk%[
(a)20×8年存货周转率 QDdH5EfY
(b)20×8年销售毛利率 x>TIQU=\
(c)20×8年总资产净利率 ZD;1{
(d)20×8年12月31日的流动比率 ?hh#@61
(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) 2{;~Bgd
【答案】 DO{Lj#@
(1)应选择营业收入作为计算重要性水平的基础。 /fDXO;tN
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 JK
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ;\48Q;
销售毛利率=(64000-54000)/64000×100%=15.63%
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总资产净利率=30/[(100000+90000)/2]=0.03% FX,kmre3
流动比率=60000/20000=3 3s
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(3) AREpZ2GiU
a.应建议做如下审计调整分录: &~{0@
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借:应收票据 6 000 000 MlH0
贷:短期借款 5 820 000 {&,MkWgG
财务费用 180 000 ' |Ia-RbX
b.应建议做如下审计调整分录: J-d>#'Wb|
借:预计负债 3 000 000 -4!S?rHwd+
贷:营业外支出 500 000 3K{G =WE$
其他应付款 2 500 000 :F`-<x/