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Business English Exercises
 

Business buzzwords: Auditor's doubt

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Home > Teaching Business English > Business English Lessons, Advanced Level # 180
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auditors doubt question 1
The auditor will normally reach substantial doubt that an entity can continue as a ......... concern if the entity is unable to meet its obligations as they become due without (1) substantial disposition of assets outside the ordinary course of business, (2) restructuring of debt, or (3) externally forced revisions of its operations or similar actions.


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auditors doubt question 2
Bankers in emerging markets often view treasury activities common in the developed world as ......... finance, so they have lagged behind developed-market competitors in managing risk and creating profitable treasury units; but high-performing treasuries seek out and profit from market risk, and emerging-market banks must commit themselves to a more aggressive posture.


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auditors doubt question 3
Each country established working groups to plan migration at national level, under the aegis of the banking and/or payment associations, to ensure that a ......... mass of national credit transfers and card payments migrate to SEPA payment instruments by the end of 2010, as demanded by the regulators and committed to by the European Payments Council.


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auditors doubt question 4
After the first day Google's stock was publicly traded on the NASDAQ, approximately 1,000 (or almost 50 percent) of its employees were estimated to be ......... millionaires.


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auditors doubt question 5
On Black Tuesday, Reuben Thorson, 77, retired senior partner of Paine Webber, recalls, "The volume was so heavy that the ......... was late by hours; we had no idea what the prices were."


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auditors doubt question 6
The Nikko Cordial Corporation announced a stock consolidation to its common shareholders in Japan at the rate of one (1) new share to be issued for every two (2) existing ordinary shares held; the ......... of the ordinary shares in the local market will be effective September 1, 2005.


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auditors doubt question 7
Bill Nguyen is the subject of a story in The WSJ about how entrepreneurs are cautiously spending venture capital, especially compared to the last crop of Internet entrepreneurs in the 90s; the story includes some of the monthly ......... rates at Silicon Valley companies — about $160,000 a month at Meebo, $200,000 at LaLa and $500,000 at Sharpcast.


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auditors doubt question 8
Last week, the County announced that they no longer needed to consider Mandatory Time Off as a budget balancing device; some of the '.........' was a reallocation of about $35k previously earmarked for the expensive (and unnecessary) study of raising Coyote Dam.


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auditors doubt question 9
When a law firm that handled tons of sensitive legal matters for Valley startups and VC firms then goes belly up, what happens to all that information? — currently ......... Brobeck, Phleger & Harrison LLP notified clients that their digital files would be placed in a 'closed archive' managed by the Library of Congress.


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auditors doubt question 10
Filtronic, the telecoms equipment manufacturer, has got its house in order and is looking forward to the future with confidence: the banks have agreed new five-year facilities and the company's problem ........., a mobile phone antennae business, is to be sold off.


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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
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