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)。 wkp|V{k
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: >#MGGCGL
(Expressed in RMB thousands) %mda=%Yn
FINANCLAL STATEMENTS ITEMS m>@$T
x
20×8 8")1,
20×7 ~IB~>5U!
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Sales x{B%TM-Ey
64000 -6+&?f
48000 bB^SD] }C
IX /r
Cost of sales FL5tIfV+
54000 L;},1
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42000 \mt0mv;c
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q
Net profit A3 UC=z<y
30 >D';i\2j&
-20 wec|~Rc-
!50Fue^JM
ypuW}H%`
December 31, 20×8 Vm1U00lM{
December 31, 20×7 &k5 Z|d|
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Inventory S*o%#ZJN
16000 (+Yerc.NQt
12000 ACg5"
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Current assets ;b[% L&
60000 C^po*(W6
50000 aF:_ 1.LC
+G3&{#D
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Total assets HNA/LJl[VU
100000 g`jO
90000 pZ/aZg1Ld
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Current liabilities pI>i1f=W
20000
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18000 /\-qz$
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Total liabilities 05zBB
30000 CQo<}}-o
25000 a
X >bC-
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During the audit, John has the following findings: /?%zNkcxu
(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: JDi|]JY
Dr. Cash in Bank RMB 5820000
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Dr. Financial Expenses RMB 180000 blcd]7nK
Cr. Notes Receivable RMB 6000000 R=IZFwr
(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: "CdL?(
Dr. Non-operating Expenses RMB 3000000 Tp.0@aC
Cr. Provisions RMB 3000000 .17WF\1HC.
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 \v7M`! &
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: R 2uo ZA,
Dr. Provisions RMB 3000000 'aQ"&GX@
Cr. Cash in Bank RMB 2500000 KZ/U2.{O<
Cr. Non-operating Income RMB 500000 %aU4d
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Required: /jQW4eW0
(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. MfhJb_q`
(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: /O1r=lv3Z
(a)Inventory Turnover Rate in 20×8; m}] bP
(b)Gross Profit Ratio in 20×8; uI7 d?s
(c)After Tax Return on Total Assets in 20×8; and XV+s 5C
(d)Current Ratio as at December 31, 20×8 ~3Y)o|D3
(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. nz:I\yA
【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。 oagxTFh8~
以下是未经审计财务报表的部分信息: /sf:.TpVh
(单位:千元) ~^QL"p:5|
项目 20×8 20×7 =dD<[Iz6
营业收入 64 000 48 000 ,[}5@cS
营业成本 54 000 42 000 ] Cpd`}'
净利润 30 -20 "8wRxDr+
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20×8年12月31日 20×7年12月31日 "q(#,,_
存货 16 000 12 000
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流动资产 60 000 50 000 C`c;I7
总资产 100 000 90 000 zhbp"yju7
流动负债 20 000 18 000 r3oAP[+n
总负债 30 000 25 000 -o<L%Y<n2
在审计过程中,约翰发现以下事项: f}g )3+i
(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: ~d :Z|8
借:银行存款5 820 000 `QV}je
财务费用 180 000 Q}~of}h/
贷:应收票据6 000 000 L;=:OX0
(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: Hxft~*
借:营业外支出 3 000 000 MhN)ZhsC
贷:预计负债 3 000 000 $:kG>R@\t
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: [6Y6{.%~
借:预计负债 3 000 000 +!IIt {u
贷:银行存款 2 500 000 0S <;T+WA
营业外收入 500 000 ,.tv#j|A
要求: z5PFppSQ
(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。 pqO}=*v@
(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: ((
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(a)20×8年存货周转率 1\:puC\)
(b)20×8年销售毛利率 gNJ,Bj Pd
(c)20×8年总资产净利率 2mAXBqdm
(d)20×8年12月31日的流动比率 il `O*6-
(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) OI"vC1.5
【答案】 <:)T7yVq
(1)应选择营业收入作为计算重要性水平的基础。
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因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 R4G$!6Ld
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 Xxcv5.ug
销售毛利率=(64000-54000)/64000×100%=15.63% ItGi2'}
总资产净利率=30/[(100000+90000)/2]=0.03% sXp>4MomV
流动比率=60000/20000=3 %;kr%%t%
(3) 1TbY,3W
a.应建议做如下审计调整分录: Z.+-MN WV
借:应收票据 6 000 000 ^OKCvdS
贷:短期借款 5 820 000 yC ZV:R;
财务费用 180 000 $lmbeW[0
b.应建议做如下审计调整分录: ;u!qu$O
借:预计负债 3 000 000 Um9Gjd
贷:营业外支出 500 000 sJ)XoK syW
其他应付款 2 500 000 B
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