3 Match the words and phrases in the box with the correct definition:

1) a detailed inspection of the accounts of an organization by a professionally trained person; 2) an audit carried out by a person not employed by the company to check that the accounts are accurate and honest; 3) a professionally trained person who examines the accounts of an organization to check that they are true and correct; 4) a review and evaluation of a company's

financial records by employees of the same company; 5) an organization's established methods of carrying out its operating and recording functions; 6) an analysis, study; 7) the books, files or computer records where a company's accounts are kept; I, a report showing profit and loss for a business or institution.

4 Choose the correct word from the box to complete the gaps. Translate the sentences into Ukrainian:

accurate; an evaluation; fiscal affairs; financial records; outside audits; an internal audit; the books; independent accountants; the accounting; audit; the auditors

1 ... were called in to inspect the accounts. 2 An accountant did a year-end ... of our financial records. 3 ... firm audited the company every year. 4 ... are not employees of the organization whose books they examine. 5 The tax inspector wants to examine .... 6 Many companies employ their own accountants to maintain .... 7 ... are a normal and regular part of business practice. 8 Auditors review ... and report to the management on the current state of the company's ... in the form of an Auditor's Report. 9 An accountant did ... of the company's financial health. 10 The numbers in the report are ....

5 True or false?

1 The people who keep the financial records for an organization are the same people who carry out an audit of those records. 2 An external auditor is only invited when a company is having financial difficulties. 3 The more internal controls an organization has, the more efficient is its performance. 4 Many companies nowadays employ accountants of their own to maintain a continuous internal audit. 5 Internal auditors try to make sure that the operating sections of a company follow the policies established by management. 6 The reports of internal auditors always reach the people in management. 7 CPAs seldom do independent auditing. 8 Only very large corporations need external audits.

Grammar: Modals – Модальні дієслова (1) Ability (здатність, спроможність): can, could, be able to

1 Can and cannot (can't) are commonly used to talk about ability to do something in the present:

He can speak several foreign languages.

2 Could is used to talk about someone's general ability to do something in the past.

I could read when I was five.

Was / were able to is used to talk about someone's specific ability (to do something on one occasion):

I was able to see personal manager without an appointment.

3 To talk about ability with perfect and future forms, the be able to structure is used.

Will you be able to send this fax?