Audit Intern

Description

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
• 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
• 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
• 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
• 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.

Work Environment:

The working environment characteristics described here are representative of those an employee encounters while performing the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The working environment changes with the client and professional services provided for that client. A significant percentage of time will be spent indoors in an office atmosphere. This role routinely uses standard office equipment such as computers, phones, copiers and fax machines. Occasionally client work could be outside, in a warehouse, on factory floors, etc., if necessary.

• Frequent same-day travel, using a personal vehicle, for work at client’s offices, meetings or seminars.
• Occasional out-of-town travel, using a personal vehicle or firm provided transportation, with overnight stay for work at clients, meetings or seminars.

Requirements

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.