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)。 hKw4 [wB]
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: ](3e +JC
(Expressed in RMB thousands) 2R&msdF
FINANCLAL STATEMENTS ITEMS z
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20×8 jX^uNmb
20×7 ?[Od.
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Sales 6[kp#
64000
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48000 c>~"Z-VtX
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Cost of sales 'qS&7
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54000 >HatbbA
42000 ^PIUA'
{D1"bDZ
Net profit umrfA
30 g$s"x r`:
-20 OD!b*Iy|
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)CQ'kHT<e
December 31, 20×8 ${^WM}N
December 31, 20×7 bX%9'O [-
mG2*s ^$
Inventory =$6z1] ;3
16000 $pK2H0c
12000 oJJ2y
b: UTq
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Current assets o5dPE{f
60000 h.@5vhD
50000 iJE
$3
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Total assets W' w;cy:H
100000 ohqi4Y!j/~
90000 n>?o=_|uR
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Current liabilities 4$LVl
20000 &U%AVD[
18000 OnE#8*8
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Total liabilities n}cjVH5
30000 <U(wLG'XS
25000 /1ZRjf^
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v0)I rO
During the audit, John has the following findings: Q
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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: &GF@9BXI3
Dr. Cash in Bank RMB 5820000 ssGp:{]v/
Dr. Financial Expenses RMB 180000 v<
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Cr. Notes Receivable RMB 6000000 e E:
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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: @&(0]kZ6
Dr. Non-operating Expenses RMB 3000000 mm(Ff >O
Cr. Provisions RMB 3000000 ?5(Cwy ?
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 F}p)Q$0
to Bank C to settle the guarantee obligation. Company A made the payment and an accounting entry at the end of January 2009 as follows: *;7~aM
Dr. Provisions RMB 3000000 3oX\q/$
Cr. Cash in Bank RMB 2500000 g,Z8I;A^
Cr. Non-operating Income RMB 500000 ^ Q]I)U
Required: aMdWT4
(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. 7M;7jI/C
(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: (/TYET_H
(a)Inventory Turnover Rate in 20×8; , TL
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(b)Gross Profit Ratio in 20×8; Q!7il<S
(c)After Tax Return on Total Assets in 20×8; and M4[(.8iE
(d)Current Ratio as at December 31, 20×8 ~>vv9-_
(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. ,MH/lQq%
【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。 5Fa.X|R~
以下是未经审计财务报表的部分信息: ASA ]7qyO
(单位:千元) F(+,M~
项目 20×8 20×7 D@@J7
营业收入 64 000 48 000 BZHba8c(
营业成本 54 000 42 000 XFJGL!wWm[
净利润 30 -20 (JV [7u -
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20×8年12月31日 20×7年12月31日 X@;;
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存货 16 000 12 000 4mYJ i#e6x
流动资产 60 000 50 000 />^ sGB
总资产 100 000 90 000 +/+:D9j ,
流动负债 20 000 18 000 E6+c{4 1B
总负债 30 000 25 000 RLl*@SEi"
在审计过程中,约翰发现以下事项: (lPiv+'n
(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: r{oRN
借:银行存款5 820 000 )LOV)z|}
财务费用 180 000 xZbiEDU
贷:应收票据6 000 000 NVyel*QE
(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: <5).(MTa
借:营业外支出 3 000 000 `^_c&y K
贷:预计负债 3 000 000 )wT@`p"4
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: FFC"rG
借:预计负债 3 000 000 z)AZ:^!O
贷:银行存款 2 500 000 {v3?.a$u
营业外收入 500 000 JTg:3<L
要求: GnT Cq_\
(1)在营业收入和净利润两者之中,选择一个用于计算A公司20×8年财务报表层次的计划重要性水平,两者中哪一个更合适一些?并说明理由。 n:dnBwY
(2)根据以上未经审计的财务报表信息,运用分析程序分析重大错报风险,请计算以下比率: +UvT;"
(a)20×8年存货周转率
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(b)20×8年销售毛利率 :{7gZ+*
(c)20×8年总资产净利率 2iX57-6Ub
(d)20×8年12月31日的流动比率 EhWYFQ
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) b{
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【答案】 P|U9f6^3
(1)应选择营业收入作为计算重要性水平的基础。 Lp1\vfU<+
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 MgpjC`
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 u7>{#]
销售毛利率=(64000-54000)/64000×100%=15.63% |FED<
总资产净利率=30/[(100000+90000)/2]=0.03% Pi/V3D)B
流动比率=60000/20000=3 85e!)I_
(3) o57r ,`N
a.应建议做如下审计调整分录: {wK|C<K
借:应收票据 6 000 000 I
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贷:短期借款 5 820 000 *OM+d$l!
财务费用 180 000 Q}zd!*
b.应建议做如下审计调整分录: ~7;AV(\%e
借:预计负债 3 000 000 4CH/~b1(
贷:营业外支出 500 000 "A9qC*6[
其他应付款 2 500 000 Sv#S_jh