Вариант 5

statutory requirement установленное законом требование

in force действующий

"true and fair" view точное отражение

to find faults находить недочеты

chartered public accountant дипломированный частнопрактикующий

бухгалтер

consultancy предоставление консультационных услуг

to render a wide range of services предоставить широкий перечень услуг

tax return налоговая декларация

maintenance of accounting ведение системы бухучета

institutional infrastructure институциональная инфраструктура

audit chamber аудиторская палата

statutory audit аудит, предписанный законом

practising certificate свидетельство, дающее право заниматься

аудиторской деятельностью

consolidated accounts сводная отчетность

cost and management accounting производственный и управленческий

учет

insolvency неплатежеспособность

civil and commercial law гражданское и коммерческое право

employment law закон о занятости

In most industrialized countries audit is a statutory requirement applying to limited companies. The transition to a market economy has led to the establishment of new market mechanisms and creation of new institutions. Under the legislation in force, joint ventures are required to submit their annual financial statements, audited by an auditing organization, to the local financial authority.

Russia didn't use to have auditing firms in the past, but this profession is developing very fast. There are hundreds of auditing firms in every big city now.

As in many other countries the auditor is responsible for ensuring that the accounts show a "true and fair" view of the business's financial position and performance. Auditing in our country is a process in which an independent accountant examines a firm's records, analyses financial statements and offers an opinion on their accuracy and reliability. If the auditor doesn't find faults he confirms the Balance Sheet and the Profit and Loss Account Due to the specific business environment, auditors in Russia render a very wide range of consultancy services. They help their clients to prepare tax returns and give advice on the maintenance of accounting and organization of internal control. They also give advice on how to set up businesses, how to improve an enterprise management, explain their clients rules for performing foreign trade trans-actions and foreign currency operations.

In order to play their proper part in the national economic development, auditors must be independent of pressures not simply from clients but also from government or state agencies. Moreover, an independent, effective and efficient profession requires a strong institutional infrastructure. That's why audit chambers have been set up throughout the country.

The strength and prestige of a professional body depends on the professional competence. To be entitled to carry out statutory audits of accounting documents in Russia, an auditor must have a license.

I.Answer the questions on the text:

1. What forms of business organization are audited in Russia?

2. Why is the auditing profession developing fast in Russia now?

3. What responsibilities do Russian auditors take?

4. Why is it that Russian auditors offer a wide range of services?

5. What conditions can ensure existence of an independent, effective and efficient auditing profession?

II.Find English equivalents for the following Russian phrases from the text:

Проведение аудиторской проверки является требованием, установленным законом; в соответствии с существующим законодательством; финансовая отчетность, проверенная аудиторской фирмой; аудит быстро развивается; финансовая отчетность дает истинную картину финансового состояния; обнаружить недочеты; подтвердить счет прибылей и убытков; правила осуществления внешнеторговых сделок и операций с твердой валютой; организовать аудиторскую палату; иметь лицензию.

III. Say in a few words what the text is about. Use the following opening phrases:

The text looks at (the problem of...)...;

The text deals with the issue of...;

It is clear from the text that...;

Among other things the text raises the issue of...;

The problem of ... is of great importance. One of the main points to be single out is ...;

Great importance is also attached to ...;

In this connection, I'd like to say ...;

It further says that ..;

I find the question of... very important because ...;

We shouldn't forget that...;

I think that ... should be mentioned here as a very important mechanism of... .

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