AUDIT INTERN
Position Summary:
Assist in evaluating existing control documentation, testing current processes and providing recommendations. In addition, the Audit Intern will assist the Audit Supervisor and/or Manager in administrative duties, observations and inquiries.
Required Experience:
· Pursuing a Bachelor degree in Accounting or a Master’s of Accountancy with a commitment to satisfy the required minimum number of hours for CPA licensure per respective state regulations;
· Strong academic credentials;
· Demonstrate strong interpersonal, communication, analytical and problem solving skills;
· Proficient in Word and Excel;
· Attention to detail;
· Possess ability to self-motivate, work with a sense of urgency, and to prioritize tasks;
· Ability to work well with others;
· Willingness to learn.
Essential Job Requirements:
· Ability to manage multiple projects simultaneously;
· Ability to work in a cross functional team environment, while also building strong partner relationships;
· Ability to learn new tasks as well as accept direction on given assignments;
· Audit select areas of a financial statement and note disclosures;
· Work with client’s documentation; communicate with the clients;
· Possess strong organizational and analytical skills.
Primary Duties:
· Test of Controls, Compliance or Transactions
o Performs tests of transactions, compliance or controls by:
§ Following the designated work program, senior associate instructions and insight gained from a review of prior year work papers;
§ Clearly documenting the results of those tests and bringing any exceptions to the immediate attention of the supervisor;
§ Determining conclusions based on the results of those tests, with the assistance of a supervisor.
· GAAP
o Applies knowledge and understanding of governing accounting principles; applying these principles to audit areas and transactions; and documenting and communicating an understanding and application of these principles by:
§ Testing the validity of inputs with respect to an audit are based on prescribed scopes and work program requirements;
§ Testing activity based on prescribed scopes and work program requirements;
§ Testing the validity or reasonableness of outputs or ending balances based on prescribed scopes and work program requirements;
§ Documenting the work performed in a clear and concise manner which is directly responsive to the work program requirements and supervisor instruction.
· GAAS
o Applies knowledge and understanding of professional standards; application of the principles contained in professional standards; and the ability to document and communicate an understanding and application of professional standards on an engagement by:
§ Developing and applying a basic knowledge of auditing theory, a sense of audit skepticism, and the use of other audit guidance;
§ Documenting in line with firm policy, identifying deviations and notifying more senior team members in order to obtain appropriate approvals;
§ Applying knowledge to identify instances where testing may be reduced or expanded and notify more senior team members of the occurrence;
§ Contributing ideas/opinions to the engagement team.
· Methodology
o Develops and applies knowledge of firm standards to guide effective and efficient delivery of quality services and products by:
§ Completing all appropriate documentation of firm or PPC work papers;
§ Ensuring assigned work is performed in accordance with firm methodology and requirements.
Required Certificates, Licenses or Knowledge: Pursuit of Bachelor’s and/or Master’s degree in Accounting or other related field required.
