3. 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; пройти интенсивную профессиональную подготовку; получить свидетельство практикующего аудитора.

4. Say in a few words what the text is about. Use the opening phrases.

UNIT 3.

Exercises

1. Work on vocabulary and grammar

a) Study the key words in the dictionary:

Audit (ing), auditor, auditor's opinion, auditor's report, records.

b) Match the verbs from (1) with the nouns from (2) below:

1) to share 2) certificate

to take assumption

to foster responsibility

to seek faults

to submit services

to give advice

to make point of view

to obtain financial statements

to find evidence

to render standards

Ex. 2.

a) Supply the articles where necessary;

b) Write down 3-5 questions about the text;

c) Say what you have learned form the text about government auditing in Sweden;

The Swedish National Audit Office (SNAO) is ... independent institution for central government auditing and accounting in ... Sweden. The main task of... organization is to audit the effective fulfillment of central government goals and commitments.

In line with this, the organization analyses revenues and expenditures of ... central government, audits central government activities, examines accounts and performance of all government agencies and ... public organizations. The SNAO selects independently ... agencies and activities to be audited, ... auditing methods to be used, ... content of the audit reports, as well as the audit statements. All audits are carried out in accordance with generally accepted auditing standards. The audits principally have ... control functions, but substantial efforts are also made to ensure that the results of the audit can be used as ... basis for improving efficiency and effectiveness. The SNAO also has ... task of improving financial management at all levels of ... central government, of fostering high standards of financial management leading to the efficient use of central government funds, efficient cash flows and security of the payment system.

The government and ... Parliament use the information of the SNAO as a basis for their decisions on ... development and transformation of the Swedish public administration. Besides, ... government often turns to the SNOA for ... comments on measures proposed by different public commissions.

In addition, ... SNAO establishes ... norms, develops auditing methods, and offers training, and advice on issues related to auditing and financial management.

The staff are recruited on ... basis of educational qualifications and ... professional ability. Almost 95 per cent of the professional staff hold high professional qualifications. Central government appropriations finance some fifty per cent of ... organization's activity and the remaining activities are fee-financed. The SNAO is ... active member of INTOSAI (the International Organization for Supreme Audit Institutions) and its European equivalent EUROSAI (the European Organization for Supreme Audit Institutions).

Words you may need:

Swedish National Audit Office Государственная ревизионная служба Швеции

foster v поощрять, благоприятствовать

cash How поток наличных средств

public administration управление на государственном

и местном уровнях

appropriation n ассигнование

fee-financed на хозрасчете

INTOSAI Международная организация высших

kонтрольных органов

EUROSAI Европейская организация высших

контрольных органов

Ex.3.

a) Supply the prepositions where necessary.

b) Say what the auditors checked during the audit in accordance with the instructions given to them.