3. The more internal control an organization has, the more efficient is its performance.
4. Many companies nowadays employ accounts of their own to maintain a continuous internal audit.
5. Internal auditors try to make sure that the operating sections of a company follow the policies established by management.
6. The reports of internal auditors always reach the people in management.
7. CPAs seldom do independent auditing.
8. Only very large corporations need external audits.
Exercise 7. Sum up what you remember:
· auditing;
· internal audits;
· independent audits.
Unit 36. International Trade
Active Vocabulary
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overseas market export foreign currency international trade consume unobtainable domestic living standard domestic tariff quota exchange control protect procedures free trade national producer barrier free trade exchange rate |
закордонні ринки експорт іноземна валюта міжнародна торгівля споживати недосяжний, недоступний вітчизняний, внутрішній життєвий рівень внутрішній, місцевий тариф квота валютне регулювання захищати заходи вільна торгівля національний виробник бар’єр вільна торгівля обмін валюти |
International trade is when companies from one country sell their products or services in other countries. For example, the UK producers cars, machinery, oil and chemicals, which it exports to overseas markets. Other British exports include services like banking and travel. These earn foreign currency for the UK. Imports to the UK include cars, food, and electrical goods.