Английский язык: Сборник текстов. Гурская Т.А. - 11 стр.

     Words you may need:
   Chart of Accounts            план счетов
   set of accounts              перечень счетов

     Exercise 4.
   a) Fill each gap with a suitable word from the box.
   b) Sum up the text in 5-7 sentences and present your summary in class.
   c) Name the most important events in the development of the accountancy profes-
sion in the world.

      accountants principles         Back profession             Number role
       organized members           creation throughout      organizations functions

                                Accountancy Profession

    The organization of the accountancy profession dates __ to January 1853 when
eight accountants in Edinburgh, Scotland met for the purpose of seeking recognition
of their __ as a separate and distinct profession. Their discussion of their professional
situation resulted in the __ of the Institute of Chartered Accountants of Edinburgh.
Since that time numerous professional accountancy organizations have been estab-
lished __ the world. The process is going on.
    In 1977 the International Federation of Accountants (IFAC) was established.
Its initial membership was 63 organizations representing 49 countries, but within
a decade, the __ grew to 105 organizations from 79 countries. The establishment of
the IFAC recognized the need for international coordination of the objectives of pro-
fessional accountancy organizations and means of achieving those objectives.
Accountancy is an international profession. Under the conditions of global interde-
pendence of countries through trade, finance, and crossborder investments, the __ of
the IFAC is becoming more important.
    The size and principles of accountancy __ vary. Some organizations comprise ac-
countants working in commerce, industry, and government organizations, as well as
in public practice (auditing), others consist solely of members in public practice.
    The main follows:
of the accountancy profession may be summarized as
    - to protect the public by ensuring the observance by its members of
    the highest __ of professional and ethical conduct;
    - to promote and increase the knowledge, skills, and proficiency of members
of the organization and students;
    - to preserve the professional independence of __ in whatever capacities they
may be serving;
    - to maintain the legitimate rights of its __. IFAC was __ in recognition of the grow-
ing changes towards inter-nationalization of the world economy, business and trade.


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