1. You _____ be joking. The house is not worth that much.
2. Its not a good time to visit Italy. The weather ______ be awful at this time of the year.
3. She _____ be ill; She looks so pale.
4. It _____ be true.
5. You ______ see interesting samples at the exhibition.
6. It ______ be late as the offices are closed.
7. This contract ______ to be profitable.
8. Its impossible. It ______ be the correct answer.
9. She ______ be at home. I saw her in the office 10 minutes ago.
10. I ______ have some new information for you tonight.
11. He has been working all day. He ______ be very tired.
12. There ______ be another rise in the price of sugar soon.
13. He _____ get this job. He has got all the necessary qualifications.
14. I am not sure whether I can help you. I ______ not have enough time.
Ex.2. Translate into English:
1. , !
2. .
3. . .
4. . .
5. .
6. , .
7. .
8. .
9. . .
10. , !
11. 2- . ³ - .
12. , .
13. , , , .
14. . - .
Speech and Discussion
Ex.1. Discuss the importance of a budget for the company and the consequences that might result from its absence.
Ex.2. Familiarize yourself with the following idioms, consult your dictionary and translate the sentences into Ukrainian. Think of situations where you could use them:
1. We spent days working on a solution but it led us up a blind alley.
2. I shall sugar the pill by sending John on a weeks paid holiday before I make him redundant.
3. I was offered quite a well-paid job, but the work wouldnt have been my cup of tea.
4. We need to rethink our plan in light of this new information.
5. With the drop in sales, the company cut the number of employees to the bone.
Ex.3. Comment on the following:
It is easier to forgive an enemy than a friend.
(Anonymous)
Lesson 3
Text: Auditing
Grammar: Modal Verbs with the Perfect Infinitive
Terms to remember:
| auditing | ™ | ; ; |
| review | ™ | ; |
| evaluation | ™ | , ; () |
| audit | ™ | ; , ; |
| auditor | ™ | , - |
| outside/external/independent audit | ™ | |
| internal audit | ™ | |
| accounting department | ™ | |
| fiscal affairs | ™ | |
| the standard operating procedures | ™ | |
| books | ™ | |
| accounting records | ™ | , |
| accurate | ™ | , |
| adequate | ™ | , , |
| accessible | ™ | , |
|
|
|
Auditing
Auditing is an accounting function that involves the review and evaluation of financial records of a company. It is done by auditors. These reviews are called audits.
Outside/external audits are a normal and regular part of business practice. In addition, many corporations maintain a continuous internal audit by their own accounting departments. They review operating procedures and financial records and report to management on the current state of the companys fiscal affairs. The internal auditors make suggestions to management for improvements in the standard operating procedures and check the accounting records.
Independent auditing is done by accountants who are not employees of the organization whose books they examine. The independent accountant is almost always a CPA. Independent accountants review the businesss operating activities; they examine financial statements and the accounting records. An audit can take several days, even for a fairly small company.
Management must act upon the information in the financial records; the auditor ensures that this information is accurate, adequate, and accessible.
Exercises in Word Study
Ex.1. Form nouns from the following verbs:
evaluate, improve, examine, act, inform, organize, manage.
