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)。
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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: `aAE4Ry?
(Expressed in RMB thousands) S1Y,5,}
FINANCLAL STATEMENTS ITEMS |.$B,cEd
20×8 \#]%S/_ A
20×7 j!i*&
^6kl4:{idE
Sales &,%n
64000 36(qe"s
48000 j%
7Gje[
c=\ _[G(
Cost of sales r+ 8Tp|%
54000 ai$l7]7
42000 eUQmW^
=@M9S
Net profit i*N2@Z[
30 'uL$j=vB
-20 1/?Wa
51|s
2+GG
Q2ne]MI
December 31, 20×8 }EwE#sZ#
December 31, 20×7 S;#:
~?dU
I2CI9,0
Inventory 2QbKh)
16000 '6qH@r4Z<
12000 mvT/sC7I
HN NeH;L
Current assets 6jc5B#
60000 [>?|wQy >=
50000 h SS9mQ
s3JzYDpy
Total assets ZrEou}z(*
100000 6/L[`n"G
90000 uo]\L^j
u-iQ
Current liabilities u->[y1JY
20000 h )Y.jY
18000 (Ud"+a
;hq_}.
Total liabilities 8/R$}b><
30000 3l~7
25000 [C4{C4TX
Dz~^Au
D6
Pzzzv^+
During the audit, John has the following findings:
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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: dLH@,EKl)
Dr. Cash in Bank RMB 5820000 i`l;k~rP
Dr. Financial Expenses RMB 180000 F%y#)53g
Cr. Notes Receivable RMB 6000000 >qy62:co
(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: ?SYmsaSr5
Dr. Non-operating Expenses RMB 3000000 U~yPQ8jD
Cr. Provisions RMB 3000000 x'}zNEXI
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 (G+)v[f
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: WP\kg\o
Dr. Provisions RMB 3000000 cLL2
'
Cr. Cash in Bank RMB 2500000 THOYx :Nr;
Cr. Non-operating Income RMB 500000 {wSz >,
Required: $ bMmyDw
(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. nnRb
(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: 4>d]0=x
(a)Inventory Turnover Rate in 20×8; Cd^1E]O0{
(b)Gross Profit Ratio in 20×8; e/g9r
(c)After Tax Return on Total Assets in 20×8; and [g"nu0sOK
(d)Current Ratio as at December 31, 20×8 ehr\lcS<
(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.
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【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。 $ZyOBxI
以下是未经审计财务报表的部分信息: |4/rVj"
(单位:千元) ~5|R`%
项目 20×8 20×7 Ew.6y=Ba
营业收入 64 000 48 000 KI\bV0$p<
营业成本 54 000 42 000 u{uqK7]+
净利润 30 -20 )g8Kicox5
H'$H@Kn]-
20×8年12月31日 20×7年12月31日 @Zhd/=2[
存货 16 000 12 000 7R5ebMW
V
流动资产 60 000 50 000 EVqqOp1$v4
总资产 100 000 90 000 =YO<.(Lu
流动负债 20 000 18 000 s^PsA9EAn
总负债 30 000 25 000 &$T7eOiZ
在审计过程中,约翰发现以下事项: 3jfAv@I ~
(1)20×8年12月31日,A公司将未到期金额为人民币6 000 000元的商业承兑票据(附追索权)贴现,银行收取了人民币180 000元的贴现利息。A公司在20×8年12月31日做会计分录: l2M(
借:银行存款5 820 000 c]k+ Sx&}
财务费用 180 000 [C-FJ>=S
贷:应收票据6 000 000 //r)dN^
(2) 20×8年6月,A公司为B公司在C银行的贷款提供了担保。20×8年12月,由于B公司未能及时偿还贷款,A公司被银C行起诉,要求偿还贷款3 000 000元。20×8年12月31日官司尚未判决,根据管理层对担保损失的合理性估计,A公司做出以下会计分录: AwuhFPG
借:营业外支出 3 000 000 =`(W^&|
贷:预计负债 3 000 000 UnVa`@P^:G
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: 0r$n
借:预计负债 3 000 000 H0B=X l[
贷:银行存款 2 500 000 Zr6.Nw
营业外收入 500 000 d7X7_
要求: 8]#J_|A6Z
(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。 PpLhj
(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: t}}Ti$$>
(a)20×8年存货周转率 LrdED[Z
(b)20×8年销售毛利率 1)97AkN(O
(c)20×8年总资产净利率 x3 ( _fS
(d)20×8年12月31日的流动比率 Jc]k\U
(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) Uv<nJM
【答案】 ^"iL|3d
(1)应选择营业收入作为计算重要性水平的基础。 S~m8j|3K
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 /9SoVU8
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 WCqa[=v)t
销售毛利率=(64000-54000)/64000×100%=15.63% C
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总资产净利率=30/[(100000+90000)/2]=0.03% A^hafBa
流动比率=60000/20000=3 #Ddo` >`&
(3) ]NW_oRH
a.应建议做如下审计调整分录: b!J?>du
借:应收票据 6 000 000 @|w/`!}9q
贷:短期借款 5 820 000 x<w-j[{k_K
财务费用 180 000 {ktwX\z
b.应建议做如下审计调整分录: Ur1kb{i
借:预计负债 3 000 000 %)d7iT~M
贷:营业外支出 500 000 >^,?0HP
其他应付款 2 500 000 %<O~eXY