Could you please tell me what is wrong with this part of the story one of my students turned in after the module test was over:
- Now it`s clear why you were left in dust by your competitors. Are you in the red? What is the Board going to do?
- Not completely, but when the auditors went through the company books with a fine tooth comb last month they found out an outstanding amount on the company`s account and that some orders were backdated.
I am not sure about "they found out". I would use "dug up" or "discovered" or just "found".
I am not familiar with Accountancy terms in English, but I have a gut feeling that "an outstanding amount on the company's account" is wrong.
Thank you in advance.
I would just use 'noticed' or 'spotted' the discrepancy.
'An out standing amount on the company's account' is not wrong, but it doesn't fit the context - which is about 'books' or 'accounts'. A company's account is something else - a client has an account with a supplier - and this is the sort of account on which there may be 'an outstanding amount'.