The translation of highly standardized financial and legal texts is at the same time easy (due to its degree of standardization) and difficult (due to the roots of the texts in the national legal culture and terminology requirements). Strategic knowledge-based choices must be made when translating an auditor’s report. Language Marketplace has literally translated thousands of audit statements over the years.
Three important points must be kept in mind when looking at translating an Audit Statement from one language to another:
Firstly, many CPAs are finding themselves working with foreign statements that must be brought into the North American fold. As progress is made in convergence and harmonization between FASB and the IASB, the language interpretation of foreign financial statements should become easier.
Secondly, approximately 50% of the countries in the world have adopted international standards for publicly listed companies. Although the United States is not one of them, FASB and the IASB are working on convergence projects to one day make that happen.
Thirdly, cultural differences often make foreign statements prepared using U.S. GAAP quite different from statements of U.S.-based companies. CPAs should not accept anything at face value.
Proven translation services for audit statements
Language Marketplace provides translation services for your company’s audit statement based on our audited processes as per ISO 17100 –Translation Services Certification. This ensures that all language translation services we provide to our business clients meet the highest level in our industry. By providing translation services and revision of each document by a second translator, we are able to deliver accurate, reliable and cost-effective translation services into over 140 languages. We have the language skills and subject-area expertise to meet all of your communications needs.
Our audit statement Language expertise
Language Marketplace provides translation services of audit statements for a wide range of business categories. We provide certified translators with knowledge and expertise in various fields. All our translators are assigned based on the subject of your audit statement document translation requirements. Our streamlined processes and quality assurance procedures allow us to focus both our internal and external resources on providing translation services for your audit statement and/or any other type of business documentation that needs to be translated. Language Marketplace provides translation services for all audit statements for a variety of organizations; translated and proofread by a second translator, and thus enabling our customers to expand to new markets Worldwide with confidence.
The languages we translate and interpret (verbal translation)
We provide translation services for any audit statement, from not-for-profit organizations, to audited documentation for corporations. Our vast experience in translating audit statements has allowed our client’s entry into regions such as Central and Eastern Europe, Latin America, China and South East Asia. Our ability to assist our clients fast and efficiently when they require their audit statements translated has been a key to our success.