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The phrase "acknowledging as much" is correct and usable in written English.
It can be used when you want to recognize or admit a certain fact or situation that has been previously mentioned or implied.
Example: "In our discussion about the project's challenges, I appreciate you acknowledging as much, as it shows your understanding of the issues at hand."
Alternatives: "recognizing this fact" or "admitting as much".
Exact(7)
In acknowledging as much, a senior administration official said, "I don't have a specific timeline for you".
But it is in no way a biography of anyone or anything, and Dr. Mukherjee winds up acknowledging as much before his book is over.
Perhaps acknowledging as much, the Mets, through their Twitter account, have offered free tickets for upper-deck seats at their games this weekend against the Marlins at Citi Field.
In a 2004 affidavit in another Brady-related wrongful conviction case, Bill Campbell, who had worked in the prosecutor's office during Mr. Connick's tenure, put it simply: "The policy was 'When in doubt, don't give it up.' " Even Mr. Connick's successor, Eddie Jordan, came close to acknowledging as much in a 2003 interview with The Times-Picayune.
Acknowledging as much this week, Henry Paulson, America's freshly minted treasury secretary, backed a committee set up to review the Sarbanes-Oxley law and other aspects of capital-markets regulation.American and foreign firms alike see Sarbanes-Oxley, which was passed in the wake of the Enron scandal, as intrusive, expensive and heavy-handed.
What's now beyond dispute (Obama seems to be acknowledging as much) is that the Bush family conceit of a unipolar, US-dominated world is over, much more convincingly so than the much-predicted overthrow of Davos man, who is yet to show either contrition or signs of the technocratic competence for which he (they're mostly he) was paid so much until recently.
Similar(53)
Domenech acknowledged as much.
Ephron has acknowledged as much.
Mr. Donatelli acknowledged as much.
Mr. Shiller acknowledged as much.
Lowell has acknowledged as much.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com