The answer to the first question is as follows:
(1) The amount of importance level is 250,000 yuan. Reason: 25000*0.1%=25 35000*0.2%=70 2700*1%=27 According to the principle of caution, the smallest number among the three should be selected.
(2) There is an inverse relationship between materiality level and audit risk. The higher the materiality level, the lower the audit risk; the lower the materiality level, the higher the audit risk. If the materiality level is 700,000 yuan, it means that misstatements less than 700,000 yuan will not affect the decisions of users of financial statements. At this time, the CPA needs to reasonably ensure that misstatements above 700,000 yuan can be found by performing relevant audit procedures. of misreporting. If the materiality level is 250,000 yuan, misstatements exceeding 250,000 yuan will affect the decisions of users of financial statements. At this time, the CPA needs to reasonably ensure that errors exceeding 250,000 yuan can be discovered by performing relevant audit procedures. Report. Obviously, when the materiality level is 250,000 yuan, the possibility that such a material misstatement will not be found in the audit, that is, the audit risk, is higher than the audit risk when the materiality level is 700,000 yuan. The higher the audit risk, the more the CPA is required to collect more and more effective audit evidence, which has reduced the audit risk to an acceptable low level. Therefore, there is also an inverse relationship between materiality and audit evidence.
The answer to the second question is as follows:
(1) The accounts and facts are consistent. Reason: The cash balance in the book on March 4 was 2,000 yuan, plus the income of 3,000 yuan on March 5, minus the expenditure of 4,000 yuan, the balance was 1,000 yuan, which was exactly the same as the actual cash amount in the supervision order.
(2)200165500-165200=2300