- •Accounting principles and concepts
- •Vocabulary list
- •1. Read and translate the text.
- •2. Answer the questions on the text:
- •3. Find English equivalents for the following Russian phrases from the text:
- •4. Say in a few words what the text is about. Use the following opening phrases:
- •Accountancy in a free-market economy
- •Vocabulary list
- •1. Read and translate the text.
- •2. Answer the questions on the text:
- •3. Find English equivalents for the following Russian phrases from the text:
- •4. Say in a few words what the text is about. Use the opening phrases given above.
- •Public and private accountants
- •Vocabulary List
- •Read and translate the text.
- •2. Answer the questions on the text:
- •3. Find English equivalents for the following Russian phrases from the text:
- •4. Say in a few words what the text is about Use the opening phrases given above.
- •Exercises
- •1. Work on vocabulary and grammar
- •Discussion
- •2. Read the dialogue, sum the its content using the phrases given below and act it out:
- •Accounting methods
- •3. Give extensive answers to these discussion questions:
- •4. Write a short paragraph, explaining:
- •5. Prepare a short talk on the following:
- •6. A company needs the chief accountant, who will:
- •7. Read the text that follows to find the answers to the following questions:
- •Financial statements and their elements
- •8. Read the text quickly and explain what "green accounting" is:
- •Auditing performing an audit
- •Vocabulary list
- •1. Read and translate the text.
- •2. Answer the questions on the text:
- •3. Find English equivalents for the following Russian phrases from the text:
- •4. Say in a few words what the text is about. Use the opening phrases.
- •Auditing in russia
- •Vocabulary list
- •Read and translate the text.
- •2. Answer the questions on the text:
- •3. Find English equivalents for the following Russian phrases from the text:
- •4. Say in a few words what the text is about. Use the opening phrases.
- •Exercises
- •1. Work on vocabulary and grammar
- •Auditors’ Report
- •Misuse of Public Funds
- •5. Fill each gap with a suitable word from the box. Sum up the text in 5-7 sentences and present your summary in class.
- •Independent Auditors' Report to the Board of Directors and Stockholders of ___ Company
- •6. Read the dialogue, translate the Russian remarks into English and act the dialogue out:
- •Discussion
- •Independent Auditor's Report
- •2. Read the dialogue, sum up its content and act it out:
- •3. Give extensive answers to these discussion questions:
- •4. Write several paragraphs on the following:
- •5. Prepare a short talk on the following:
- •6. Talk to professional auditors to find out what they think about their professional
- •Reading practice
- •Continuing professional education
- •Abbreviations
- •Literature
- •Contents
- •060500 «Бухгалтерский учет, анализ и аудит »
- •683003, Г. Петропавловск-Камчатский, ул. Ключевская, 35
Independent Auditors' Report to the Board of Directors and Stockholders of ___ Company
We have audited the consolidated balance sheet of __ Company and Subsidiaries at December 31, ... and ... (years) and the related consolidated statements of income, stockholders' equity and cash Hows for each of the years in the period ended December 31, ... (year).
Respective __ of directors and auditors are as follows: the company directors are responsible for the preparation of financial __; our responsibility is to form an independent __ based on our audit of these statements and to report our opinion to you.
Basis of opinion. We conducted our __ in accordance with generally accepted auditing __. Our audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the ___ in the preparation of the financial statements, and of whether the accounting policies are appropriate to the company's circumstances, consistently applied and adequately disclosed.
We planned and __ our audit so as to obtain all the information and explanations which we considered ___ in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are __ from material misstatements, whether caused by fraud or other irregularity or error. In __ our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements. We believe that our ___ provides a reasonable basis for our opinion.
Opinion. In our __ the financial statements referred to above give a true and fair of the consolidated financial position of __ Company and Subsidiaries at December 31, ... (year) and have been properly prepared in ___ with generally accepted accounting principles and the Company Act 1985.
Words you may need:
disclosure отражение (информации в финансовой отчетности)
fraud обман, мошенничество
6. Read the dialogue, translate the Russian remarks into English and act the dialogue out:
Foreigner: As far as we know, you are Russia's leading provider of accounting and consulting services. The history of your firm mirrors the changes that have taken place in Russia over the recent years.
Russian: Да, вы правы. Наша фирма была основана еще в 1989 году. Все эти годы нам пришлось упорно работать, так как мы начинали практически с нуля. А сейчас мы активно сотрудничаем с Большой Шестеркой, крупнейшие представители нашего бизнеса обращаются к нам за помощью и советом.
F.: What services do you provide?
R.: Мы предоставляем широкий перечень услуг: от услуг в области бухучета и аудита до услуг в области финансового менеджмента и налогообложения. Главным является проведение аудиторских проверок и подтверждение финансовой отчетности.
F.: Who are your clients?
R.: Нашими клиентами являются компании всех форм организации бизнеса, работающие во всех секторах нашей экономики, включая транспорт, торговлю и банковскую деятельность.
F.: We in the UK believe that if auditors are to play their role in economy they must be independent. What are your fundamental principles?
R.: Мы полностью разделяем вашу точку зрения в отношении независимости аудиторов, кроме того, мы уделяем большое внимание повышению их профессионального уровня.
F.: Are there any professional organizations of auditors in Russia?
R.: Да, у нас существуют различные профессиональные организации, помогающие аудиторским фирмам решать различные вопросы, включая повышение kвалификации, лицензирование и т.п.
F.: Thank you for the opportunity to learn something about auditing in Russia.
UNIT 4.