I. Are the following statements true or false?

1. Auditors ensure that financial records are accurate, assess financial operations and work to help ensure that organizations run efficiently.

2. Аuditors are divided into two types.

3.External Auditor helps organizations achieve their goals by providing aconsistent approach to risk assessment, control and management.

4. External auditors engage in professional organizations of accountants.

5. Company invites the internal auditor to obtain an independent assessment of the financial condition.

6. The internal auditors report only to the management of audit procedures.

7. Consultant auditor verifies the company activity along with a team of auditors or independently.

8. Affiliation of the external auditor to the company, which carried the test, plays a crucial role in the correctness of the given assessment.

9. Internal auditors relating to corporate governance involved meetings and discussionswith members of the Board of Directors.

10. Relationships that occur between the external auditor and the organization displayed in the audit report.

II. Answer the questions:

1. What work does auditor do in the company?

2. What categories of auditors do you know (according to the text)?

3. What responsibilities does the external auditor have?

4. Why the external auditor's independence is crucial for a correct assessment of the financial condition?

5. What are the audit procedures the internal auditors provide?

6. In which cases do companies use the consultant auditors?

7. How does an internal auditor help to manage risks?

8. How is the audit report used in verification of object auditing?

9. What is the role of the internal auditor in corporate governance?

10. What are the differences between the external and internal auditors?

III. Complete the sentences with the following words and phrases:

Internal auditor to verify accounting meets consultant auditor auditor audit report external auditor senior management risks financial statements

1. An _____________ is an audit professional who performs an audit of financial statements of a company or organization, and who is independent of the entity being audited.

2. ____________ is an individual whose primary job function is to audit his or her own company.

3. The ____________ is the person, who entitled to inspect the state of financial and business organizations and institutions on the basis of the contract and during the review assemble audit report.

4. Internal auditors can advise management regarding the reporting of forward-looking operating measures to the Board, to help identify emerging ___________.

5. Users of these entities' financial information rely on the external auditor to present an unbiased and independent ____________.

6. The main tasks generally include making ______________sure comply with SEC and government standards.

7. Internal auditors often conduct a series of interviews of ____________ to identify potential engagements.

8. To increase the qualified personnel company or organization recruit _____________ .

9. One of the functions of internal audit is ____________ compliance with laws and regulations.

10. The purpose of external audit is to determine how ____________ established standards and procedures.

Ansvers

I. True or false statements:

1. True; 2. True; 3. False; 4. True; 5. False; 6. False; 7. True; 8. False; 9. True; 10. True.

III. Complete the sentences:

1. External auditor; 2. internal auditor; 3. auditor; 4. risks; 5. audit report; 6. financial statements; 7. senior management; 8. consultant auditor; 9. to verify; 10. accounting meets.

Date: 2015-12-24; view: 1278