V. Match the job titles (1-4) with the descriptions (a-d). Use the text to help you
bookkeepers a. company employees who check the
financial statements
accountants b. expert accountants working for
independent firms who review
companies’ financial statements and
accounting records
internal auditors c. people who prepare financial statements
external auditors d. people who prepare a company’s day-
today accounts
VI. Match the nouns in the box with the verbs below to make word combinations. Some words can be used twice
accounts systems of control stock take |
procedures regulations advice |
opinions policies laws |
____________ ___________
____________ ___________
____________ ___________
__________ ___________
__________ ___________
__________ ___________
VII. Complete the table with words from the text and related forms. Put a stress mark in front of the stressed syllable in each word. The first one has been done for you. Then complete the sentences below with the correct forms of words from the table
Verb |
Noun (s) |
Adjective |
- |
|
‘accurate |
|
compliance |
- |
recommend |
|
|
|
record |
- |
|
examination |
- |
I’m an internal auditor. I …………. The company’s accounts, to make sure that they are ………….., and that they ……………. With company policies and general accounting principles.
If the control systems aren’t adequate, I make ………… concerning changes.
The external auditors check to see if transactions are being ………….. correctly.
VIII. Give extensive answers to the following questions
Would you like to work as an external auditor? Do you think they get a very friendly welcome at the companies whose accounts they audit? If not, why not?
IX. Тest your English
Match the following terms (1-14) with the correct definition (a-n) on the right and write your answers in the grid below
statutory audit a) official document stating the
continuous audit internal rules of the company
Memorandum of b) following one after the other
Association without a break
Articles of Association c) this checks that controls are
walk through test operating effectively
compliance test d) required by law
substantive test e) money received from one debtor is
teeming and lading wrongly recorded to another
auditor f) regulates the company’s
relationship with the public
prior period g) testing a small number of
audit assignment representative items
corroborate h) carried out all the time
statistical sampling i) following documents or
consecutive numbers transactions through the system
j) piece of work you are given to do
k) careful study of all the details
l) accountant who examines
a firm’s accounts
m) previous length of time
n) make sure it’s true with more information
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
d |
|
|
|
|
|
|
|
|
|
|
|
|
|
Key: 34 Auditing