A) Public accounting

Date: 2015-10-07; view: 446.

1. In what fields are accountants employed?

2. What is the principal service offered by public accountants?

3. Who performs audits of the financial statements of companies? What kind of accountants are they?

4. What other companies must also be audited?

5. What is the purpose of an audit?

6. What do the auditors examine in making the audit?

7. What do the auditors seek to determine in their examination?

8. What does the auditors' report express? Where is it published?

9. Why do banks, investors, and other users of financial statements rely on independent auditors?

10. What does the audit give these financial statement users and for what purpose?

11. Explain, please, why the public accountant is in excellent position to offer constructive suggestion for improving the company's methods of operation? What can be said about these suggestions as a useful audit by-product?

12. What do management advisory services include for managing the company?

13. What kind of equipment may the company involve to bring an information system into effective operating use?

14. What else may management advisory services include?

15. What is taken into consideration in making important business decisions of tax laws and tax rates?

16. What else do tax services include besides the preparation and filing tax returns?

IX. Translate the following questions and answer them in English: