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BEP 417 – Accounting English: Discussing an Audit (2)

Business English, Business English Vocabulary, English Collocations, Finance and Accounting /

BEP 417 LESSON - English for Accounting: Audits 2

Welcome back to Business English Pod for today’s lesson, the second part of our financial English series on discussing an audit.

Money is the language of business, and audits are one way companies prove they can be trusted with it. Audits check whether financial records are accurate and reliable. They help investors, managers, and the public see that the numbers tell the truth about the organization’s money.

If you’ve ever been a part of a discussion about an audit, you’ll know that there’s a lot of specialized language in the world of finance. And some of this language is what we call collocations, or natural combinations of words. We use collocations all the time. In fact, we store a collocation in our memory as one unit, rather than individual words.

Maybe you’ve noticed a few collocations I’ve already used. Earlier, I said “financial records,” which are the documents related to a company’s finances. I also said “to tell the truth,” which is a verb plus noun, showing that collocations include combinations of different types of words. And if you learn these combinations, you can both understand better and sound more fluent.

In today’s dialog, we’ll hear a conversation between Ray and Elaine, who work for an international company that has just gone through an audit. Ray is the CFO, or Chief Financial Officer, and Elaine is the CEO. In their conversation about the audit results, they use many collocations. We’ll explain these collocations later in the debrief.

Listening Questions

1. Ray says that the “audit findings” revealed a gap. What financial process is this gap related to?
2. What question does Elaine ask about reporting?
3. What does Ray suggest rolling out this quarter to improve procedures?

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BEP 416 – Accounting English: Discussing an Audit (1)

Business English, Business English Vocabulary, English Collocations, Finance and Accounting /

BEP 416 LESSON - English for Accounting: Discussing an Audit 1

Welcome back to Business English Pod for today’s lesson, the first in a two-part series on financial English for discussing an audit.

Financial audits have a way of increasing stress within a company. Suddenly everyone’s paying attention as reports get checked, numbers are reviewed, and details that seemed minor yesterday become urgent today. Audits can feel intense, but they are a critical part of good business practice.

Like many other financial processes, the world of audits has its own language or vocabulary. And much of this language comes in the form of “collocations.” Collocations are words that go together naturally. They are combinations of words that we learn as a group, rather than individually.

For example, a minute ago I said “everyone suddenly pays attention.” We always use that verb “pay” with the noun “attention.” It’s a strong collocation. That expression includes a verb and a noun, but collocations can feature any word forms. “For example” is a collocation that has a preposition and a noun, for example.

In today’s dialog, we’ll hear a conversation between Ray and Marcia. Ray is the Chief Financial Officer for an international company. Marcia is an auditor with an accounting firm hired to do an audit of Ray’s company. During their conversation about the upcoming audit, Ray and Marcia use many English collocations. We’ll explain these collocations later in the debrief.

Listening Questions

1. What does Ray hope to do in the week following the 15th of the month?
2. What does Marcia want to “walk through,” or review, with Ray?
3. Ray asks about something that is a hot topic, in Marcia’s opinion. What does he ask about?

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Business English News 60 – Tariffs: Rewiring Global Trade

Business English, Business English Vocabulary, Business News, Supply Chain /

Business English News 60 - Tariffs

In this Business English News lesson on the effects of tariffs on global trade, we look at business English vocabulary related to the global supply chain and economics.

With his recent moves, Donald Trump has plunged the global economy into a new era of mercantile competition. He slapped tariffs on numerous trading partners even as he finalized new deals with others, such as Japan and the EU. The US president’s executive order last month announcing the tariffs said they were designed to reduce America’s trade deficit. As the Washington Post reports:

Since returning to office, Trump has raised US tariffs to their highest level since the 1930s, with an average rate of about 17% on nearly 45% of all imports. New 25% tariffs have been announced on India, with 50% on Brazil and copper imports. Although the administration has signed framework deals with key partners such as the EU and Japan, analysts warn these agreements remain fragile and insufficient to offset rising input costs and legal challenges.

The consequences of these sweeping tariff increases are being felt deep within the mechanics of global trade. As costs rise and agreements remain uncertain, businesses are struggling to maintain operational stability. Nowhere is this more evident than in global supply chains.

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BEP 43c – Meeting English: Managing the Discussion

Business English, English for Meetings, Intermediate English /

BEP 43c - Meeting English: Managing a Meeting

Welcome back to Business English Pod for today’s lesson on how to manage the discussion during a meeting in English.

Bad meetings can waste time and leave everyone confused. But a well-run meeting can help create new ideas, solve problems, and move a project forward. Running a great meeting is about more than just following an agenda. It means guiding the conversation effectively.

If you’re running formal meetings as a manager or team leader, this skill is essential. But even if just you’re a team member who wants to make sure your team has good discussions, it’s good to understand what’s behind running a meeting. And you never know when it might be your job to facilitate.

Good meeting management often means keeping the discussion focused and inviting different viewpoints or opinions. It also means widening the discussion, moving to a new agenda item, and checking for agreement.

In this lesson, we’ll rejoin a meeting about budget cuts at an international shipping company. Martin, the General Manager, is facilitating the meeting. We’ll also hear Sandra, Sam, and David, three employees in the meeting.

Listening Questions

1. How does Martin respond to Sam’s comment about pizza?
2. What does Martin say once they have finished talking about the outsourcing issue?
3. At the end of the conversation, what question does Martin ask everyone if they agree on?

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BEP 42c – Meeting in English: Starting a Meeting

Business English, English for Meetings, Intermediate English /

BEP 42c - Meeting in English: Starting a Meeting

Welcome back to Business English Pod for today’s lesson on how to start a meeting in English.

Many jobs require us to spend a lot of time in meetings. Sometimes we might think there are too many meetings. In part, we might feel this way because a lot of meetings aren’t run very well or facilitated effectively.

There’s a good chance that you will have to run meetings some day, if you don’t already. You have a chance to make sure those meetings are effective by running the meeting well. Fortunately, running a meeting involves skills that you can learn.

Today we’ll focus on starting a meeting, which begins with getting people’s attention and acknowledging them. Next, you might clearly state the purpose or goals of the meeting before reviewing the agenda with everyone. Then you may invite someone to begin speaking about the first item on the agenda.

In this lesson, we’ll hear the start of a meeting about budget cuts at an international shipping company. The meeting is being led by Martin, the General Manager. We’ll also hear Sandra, David, and Sam, employees who are attending the meeting.

Listening Questions

1. What does Martin apologize for as he is acknowledging the meeting attendees?
2. What does Martin say is the objective of the meeting?
3. What does Martin invite Sandra to do at the end of the conversation?

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