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)。 3>3 Kwc~E
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: L s
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(Expressed in RMB thousands) @Y?#Sl*
FINANCLAL STATEMENTS ITEMS -r!. 9q
20×8 b\ X@gq
20×7 \9.bt:k@OT
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Sales `b?R#:G
64000 , |
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48000 2d>z1%'
FX;QG94!
Cost of sales +*\u :n
54000 32(^Te]:
42000 ]v?@g:iE
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Net profit {Je[ZQ$
30 >R|/M`<ph
-20 J;S
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BfXgh'Z~
:Oy%a'w
December 31, 20×8 adlV!k7RG
December 31, 20×7 LmRy1T,act
yyR0]NzYUD
Inventory MO[2~`,Q!
16000
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12000 f@6QvkIa
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Current assets 1&\0:vA^Y
60000 <g-9T -Ky
50000 *=) cQeJ
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Total assets )z>|4@,
100000 =-tw5],
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90000 "RedK '7g
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Current liabilities evenq$
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20000 1eA7>$w}[
18000 ~cWAl,(B<F
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Total liabilities f}6s
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30000 G3txj
25000 ^0Zf,40
W,D4.w$@'
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During the audit, John has the following findings: 2{D{sa
(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: r`$OO,W
Dr. Cash in Bank RMB 5820000 84$nT>c
Dr. Financial Expenses RMB 180000 }~2LW" 1'
Cr. Notes Receivable RMB 6000000 88Ey12$
(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: oL-]3TY~
Dr. Non-operating Expenses RMB 3000000 AJt+p&I[J
Cr. Provisions RMB 3000000 ih)zG
On January 10, 20×9,Company A received a judgment on repaying RMB 2500000 &)2i[X
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: Y2|#V#
Dr. Provisions RMB 3000000 $yN{-T"
Cr. Cash in Bank RMB 2500000 D{!6Y*d6&s
Cr. Non-operating Income RMB 500000 >
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Required:
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(1)For Revenue and Net Profit, explain which one is more appropriate to be used to calculate planning materiality for Company A’s 20×8 financial statements as a whole. Explain the reasons of that conclusion. !1rlN8w(qr
(2)Based on the un-audited in formation of selected financial statements items, for the purpose of using analytical procedures as risk assessment procedures, calculate the following ratios: 9 *xR6
(a)Inventory Turnover Rate in 20×8; +ndaL
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(b)Gross Profit Ratio in 20×8; :8I9\eet3
(c)After Tax Return on Total Assets in 20×8; and 2iHUZzz\
(d)Current Ratio as at December 31, 20×8 -#7'r<I9@
(3)For each audit finding identified during the audit, list the suggested adjusting entries that John should made for Company A’s 20×8 financial statements. Tax effects, if any, are ignored. #r$cyV!k
【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。 imo$-}A
以下是未经审计财务报表的部分信息: @#<D ^"
(单位:千元) 5c9^-|-T
项目 20×8 20×7 =MSr/ O2
营业收入 64 000 48 000 v5/~-uRL%
营业成本 54 000 42 000 Jlri*q"hE
净利润 30 -20 XY
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20×8年12月31日 20×7年12月31日 bNm#tmSt
存货 16 000 12 000 =FlDb
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流动资产 60 000 50 000 H=@}=aPf
总资产 100 000 90 000
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流动负债 20 000 18 000 O $LfuL
总负债 30 000 25 000 k@\ iGqo
在审计过程中,约翰发现以下事项: I*o()
(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: 8H;t_B
借:银行存款5 820 000 &@G:G(
财务费用 180 000 Jk&3%^P{m
贷:应收票据6 000 000 @V(*65b2
(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: aL*&r~`&e'
借:营业外支出 3 000 000 W~6EEyD%
贷:预计负债 3 000 000 $}RJ,%~'x
20×9年1月10日,A公司收到法院判决:A公司应赔偿C银行人民币 2 500 000元。A公司支付了这笔款项,并于20×9年1月末将做出如下会计分录: ^({})T0wu
借:预计负债 3 000 000 @>u]4Jn
贷:银行存款 2 500 000 +:8fC$vVfC
营业外收入 500 000 *e<[SZzYZ
要求: :Uz| 3gq
(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。 c*(bO3 b
(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: -5
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(a)20×8年存货周转率 ]}*R| 1
(b)20×8年销售毛利率 b $'FvZbk
(c)20×8年总资产净利率 J{'>uD.@
(d)20×8年12月31日的流动比率 ;>#wU'
(3)根据上述事项,注册会计师约翰应提出哪些审计调整建议,并列示调整分录。(调整分录不考虑所得税的影响) W_||6LbZy
【答案】 !\"EFVH
(1)应选择营业收入作为计算重要性水平的基础。 bmJ5MF]_fG
因为营业收入具有稳定性,净利润有亏转盈,不具有稳定性。 XO`0>^g
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(2)存货周转率=54 000/[(16000+12000)/2]=3.86 M:XSQ["6>V
销售毛利率=(64000-54000)/64000×100%=15.63% :a^t3s
总资产净利率=30/[(100000+90000)/2]=0.03% C.~,qmOP
流动比率=60000/20000=3 b+,';bW
(3) 0QFS
a.应建议做如下审计调整分录: ?
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借:应收票据 6 000 000 QU4h8}$
贷:短期借款 5 820 000 5}:-h>
财务费用 180 000 {`J)j6;
b.应建议做如下审计调整分录: yQU_>_!n
借:预计负债 3 000 000 vo`
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贷:营业外支出 500 000 >,
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其他应付款 2 500 000 S-Wz ou
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