Each of these has its own specifics, and it is clear that a translator working in this field needs, in addition to a core linguistic education, a second qualification in economics. Only a deep knowledge of the industry, its categories and its terminology makes it possible to produce an accurate financial translation of the original document.
It should also be remembered that financial documentation is not standardized. If, for example, the Russian federal Rules (Standards) of Auditing are practically identical to the International Standards on Auditing (ISA), the same cannot be said of many other documents. The difficulty is compounded by the nature of the language itself. A specialist doing financial translation risks running into terms with no equivalent, which may require separate explanatory notes. For example, temporarily non-equivalent English vocabulary in the field of financial reporting makes up more than 9% of the entire financial lexicon. Another separate problem is lexical and grammatical constructions (the passive voice, for example), whose specifics go back to the internal laws of language development and to centuries-old conventions in drafting documents of this kind. All of this often requires significant adaptation of the original text.
However, these and other features of the work are not insurmountable obstacles for the specialists at Kerner. The company has highly experienced professionals with a background in economics who carry out financial translation with full command of the subject and its terminology. Call us, and we will complete the translation to an exemplary standard of quality and within the agreed deadlines.
Business translation: