The phrase "admitting its" is correct and usable in written English.
It can be used when acknowledging or confessing to something, often in a context where an organization or individual is recognizing a fault or mistake.
Example: "The company is admitting its shortcomings in the recent project and is committed to making improvements."
Alternatives: "acknowledging its" or "confessing its".
Wonga is writing these debts off because it's admitting its own affordability checks were inadequate.
But if the coalition investigates mistakes that have been made and works to improve its targeting while admitting its culpability, then it can avoid being charged with violations.
It did so after admitting its automated checks, the core algorithmic IP that allowed the business to hook a series of high profile technology investors in the first place, had failed to adequately assess affordability.
The Gates Foundation is to be commended for admitting its misses in its annual letters, and it should not be deterred from daring to make more.
With a charge like that, Andersen waffled famously about admitting its own guilt (see "Andersen Plea: Maybe Guilty, It Depends").
Under pressure from bondholders to explain its poor performance, it has chosen to blame China rather than admitting its assumptions were too rosy.
At the very least, as the war critic Noam Chomsky had it, defeating ISIS must start "with the US admitting its role in creating this fundamentalist monster".
Without admitting its own culpability, the MCC settled the matter by blaming it all on Harold Larwood, the Nottinghamshire miner who carried out the instruction to bowl fast at Australian bodies.
While admitting its campaign had stumbled, the party is focusing on what it hopes will be good results in its heartlands and in parts of Kent, Essex and Hertfordshire.
Following the group admitting its early Christmas sales had tumbled below expectations and that it would probably breach its banking covenants early next year: the 238-store chain said: "The directors recognise that this represents a material uncertainty which may cast doubt upon the group's ability to continue as a going concern".
His treatment of Cormac McCarthy's "Blood Meridian" makes me want to read it, all the more so because of his honesty in admitting its "overwhelming carnage" ensured that his own "first two attempts... failed".
