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Without changing the meaning of the text, the fragment “explains the basic rationale for instituting controls rather straightforwardly” (L.16-17) could be correctly replaced with explains a common-sense approach to retain control instead of simply handing it over.
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People have inherited from the Bible the notion that auditing is necessary because of the inherently dishonest nature of human beings.
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The word “allay” (L.3) is used as a verb and it means reduce or ease.
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The author points to a discontinuity in the history of financial bookkeeping from the end of the 15th century to the 18th century.
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The text concludes that

