and the certified accounts are accepted

English translation: they assure that the certified accounts prepared by them are accepted by the Central Bank...

21:42 May 6, 2006

English language (monolingual) [PRO]
Bus/Financial - Accounting / Auditِ

English term or phrase: and the certified accounts are accepted

"At present, our professional services are extended to more than 400 active clients and the certified accounts are accepted by the Central Bank and other major local and international banks."

How does "extended to more than 400 active clients" and "the certified accounts are accepted by the Central Bank" link together to form a meaning?

Ala Rabie KudoZ activity Questions: 46 (none open) (4 closed without grading) Answers: 282 Egypt
Local time: 05:45

Selected answer:they assure that the certified accounts prepared by them are accepted by the Central Bank...

Explanation:
Yo didn't reveal some important information, so I am making (educated) guesses.

To put it bluntly, it is a sales pitch: they assure their potential clients, that they assure that the certified accounts prepared by them are acceptable to the Central Bank, etc.

The sentence is talking about a company of accountants and their professional services for their clients include preparing certified accounts. These are required in the country of their activities (like in most countries) to be prepared by registered companies - or by their accountants on their behalf - every year for submittance to the Central Bank, or some other bank in accordance of the regulations.

The accounting firm in question affirms, that certified accounts prepared by them are accepted and would be accepted by the Central Bank (of that country) and other major local and international banks.

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Note added at 47 mins (2006-05-06 22:30:01 GMT)
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(sorry, I left "they assure" in twice)

Selected response from:

juvera
Local time: 04:45

Grading comment

4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

4 +5

they assure that the certified accounts prepared by them are accepted by the Central Bank...

juvera

Accounts which are (already) certified through the company are accepted by the bank.

Raging Dreamer

...

Leny Vargas

Answers

38 mins confidence:

...

Explanation:
*extended* to more than 400 active clients = *provided* to [....]
certified accounts = accounts done by certified/licenced accountants (or certified public accountants); accounts confirmed as true and accurate by certified accountants.

*Accepted by the Central bank and other major banks* probably means that *they (the group of accountants) meet the generally accepted accounting and business norms* (because their certified accounts are accepted by the Central bank, etc.)

Leny Vargas
France
Local time: 05:45
Works in field
Native speaker of:

Tagalog,

English

Notes to answerer

Asker: Thank you very much, lenybee :)

46 mins confidence:

peer agreement (net): +5

they assure that the certified accounts prepared by them are accepted by the Central Bank...

juvera
Local time: 04:45
Native speaker of:

Hungarian
PRO pts in category: 12

Notes to answerer

Asker: Thank you very much, juvera :)

3 hrs confidence:

Accounts which are (already) certified through the company are accepted by the bank.

Explanation:
The company puts the accounts through a certification process. Anything not meeting criteria is not accepted. So all client accounts which are certified are then sent to the bank for acceptance. The bank trusts the company's standards and automatically accepts business transactions from the company.

A business partnership has already been formed between the company and the banks in question. Certified accounts are sent to the bank, which accepts them through their trust of the company.

I hope this is a clear enough explanation. :)

Raging Dreamer
United States
Local time: 23:45
Specializes in field
Native speaker of:

English
PRO pts in category: 4

Notes to answerer

Asker: Thank you very much, Dreamer :)

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and the certified accounts are accepted

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