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)。 c>)_ I
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: .?NraydwV
(Expressed in RMB thousands) 7@u:F?c
FINANCLAL STATEMENTS ITEMS lG/h[
20×8 ,+U,(P5>s
20×7 YkJnZ_k/P
ZmKxs^5S
Sales |<Rf^"T
64000 P7|x=Ew;`
48000 5m\T~[`%
v$]eCj'
Cost of sales FI=]K8
54000 +)U>mm,
42000 [[A}MF*@
{[Z}<#n)
Net profit IM 8lA
30 Re]7G.y
-20 FJH'!P\
UWIw/(Mv/]
yRtxh_wr9
December 31, 20×8 t{g7 :A
December 31, 20×7 7
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G8tb>q<V
Inventory b.lK0 Xo
16000 tv\_&
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12000 N[j*Q 8X_
>j}.~$6dj_
Current assets 72akOx
60000 %DIZgPd\
50000 [W,} &
vq;_x
Total assets m0[JiwPI
100000 HTw7l]]
90000 2nkUvb%=
FNgC TO%
Current liabilities Lju)q6
20000 8TV
"9{
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18000 m|%ly
xa]e9u%
Total liabilities T/Fj0'
30000 'rSP@
25000 \`N<0COP
F?*ko
,
:o=a@Rqx
During the audit, John has the following findings: HCOE'24I
(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: ZT1IN6;8W
Dr. Cash in Bank RMB 5820000 *wNO3tP't
Dr. Financial Expenses RMB 180000 e0cVg
Cr. Notes Receivable RMB 6000000 alz2F.%Y
(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: Udl8?EVSz
Dr. Non-operating Expenses RMB 3000000 BELxaV,
Cr. Provisions RMB 3000000 #24eogo~
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 XPd@>2
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: p*OpO&oodu
Dr. Provisions RMB 3000000 SQ0t28N3h
Cr. Cash in Bank RMB 2500000 = k7}[!T
Cr. Non-operating Income RMB 500000 /M@6r<2`i
Required: lN,)T%[
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(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. l?J|Ip2W
(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: Bkh1VAT
(a)Inventory Turnover Rate in 20×8; vAH `tPi>
(b)Gross Profit Ratio in 20×8; c2fqueK|:W
(c)After Tax Return on Total Assets in 20×8; and /\e&nYz
(d)Current Ratio as at December 31, 20×8 VyWPg7}e
(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. zilM+BZ8
【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。 pon0!\ZT=
以下是未经审计财务报表的部分信息: XJ{b_h#N
(单位:千元) D5gDVulsh
项目 20×8 20×7 )"4v0dv
营业收入 64 000 48 000 [rf.&
营业成本 54 000 42 000 ;fl3'.S[
净利润 30 -20 *CS2ndp
7'1 +i
20×8年12月31日 20×7年12月31日 A$;"9F@
存货 16 000 12 000 }[c,/NH
流动资产 60 000 50 000 ccm(r~lhJ
总资产 100 000 90 000 F* h\ #?
流动负债 20 000 18 000 6&KvT2?tA`
总负债 30 000 25 000 5ON\Ve_H
在审计过程中,约翰发现以下事项: l
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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: m\xlSNW'q
借:银行存款5 820 000 V9cKl[
财务费用 180 000 ObIL w
贷:应收票据6 000 000 w4%yCp[,
(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: #Rx|oSc}
借:营业外支出 3 000 000 {j!+\neL
贷:预计负债 3 000 000 #yi&-9B
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: 0oiz V;B5%
借:预计负债 3 000 000 D/x!`&.sN
贷:银行存款 2 500 000 uFl19
营业外收入 500 000 " _{o}8L
要求: s%xhT
(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。 9#iv|X
(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: unZYFA}(
(a)20×8年存货周转率 eGr;P aG
(b)20×8年销售毛利率 h-+GS%
(c)20×8年总资产净利率 Kg>ehn4S@
(d)20×8年12月31日的流动比率 '#Pg:v_
(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) U2TR>0l
【答案】 G}8Zkz@+
(1)应选择营业收入作为计算重要性水平的基础。 LzE$z,
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 _&xi})E^O]
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 ;I@@PUnR
销售毛利率=(64000-54000)/64000×100%=15.63% H4{CiZ
总资产净利率=30/[(100000+90000)/2]=0.03% Li8$
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流动比率=60000/20000=3 Q-7C'|
(3) 3d81]!n
a.应建议做如下审计调整分录: ]sL)[o
借:应收票据 6 000 000 &U7INUL
贷:短期借款 5 820 000 YOE!+MiO
财务费用 180 000 H)VzPe# {
b.应建议做如下审计调整分录: o{r<=X ysM
借:预计负债 3 000 000 @})]4H
贷:营业外支出 500 000 !eE;MaS>
其他应付款 2 500 000 O4lHR6M2