Internship Report in Auditing - 5036 Words

CHAPTER ONE: INTRODUCTION 1.1. BACKGROUND OF THE STUDY Auditing refers to the process of checking and analyzing of financial statements to prove that they give true and fair view of the company and to ensure that they were prepared according to the accounting standards and finally producing a report after their opinion. Internal audit is professional activity involved in helping organizations to achieve their objectives. And the goals using systematic methodology for analyzing business processes, procedures and activities by highlighting organizational problems and recommending solutions. Famous authorities an auditing literature; defined auditing the internal auditing system as the whole system of controls , financial and†¦show more content†¦1.3.2 Specific objective: The role of internal audit in the achievement of the objectives. * To assess the efficiency and effectiveness of internal audit function in RRA. * To examine the impact of internal audit function (department) within RRA; * To forward recommendations and conclusion based on the research finding. 1.4. RESEARCH QUESTIONS A number of research questions will guide me to carry out my study. Such questions include: * What type of audit is performed in government institutions? * Is it necessary to have internal auditing in government institutions? * To what extent is this internal audit department has been able to solve the problem of mismanagement? 1.5. HYPOTHESIS In the paragraph of research questions raised with the above questions; the assumptions solutions made are the following: * Desk (Office) audit and field audit are conducted in public sector. * Yes, government institutions uses internal audit so that to evaluate their well internal performance or not. * Put their employees into the work or assignments and prepare the training support. 1.6 SIGNIFICANCE OF THE STUDY The significant of the research is very important especially to the researcher, SFB institution and government organization. 1.6.1To the researcher: The research will provide the relevance information comes fromShow MoreRelatedMy Goal Of Becoming An Accountant876 Words   |  4 Pagescan help launch different opportunities. I chose to be an accountant because of all the possibilities I have of succeeding. The steps to achieve my goal of becoming an accountant are to first apply to the Coles College of Business, then getting an internship or co-op, and finally receiving my accounting degree from Coles College of Business. Applying for Coles College of Business is the first step in achieving my goals. I need to first finish my two year of general education, and I need to have anRead MoreReport: Employment and Internship1268 Words   |  6 Pageswas just around the corner. My internship reaffirmed my decision to become an accountant. I found that nobody expects you to know everything and that mistakes can be tolerated if learned from. The experience has given me confidence in myself that was severely lacking beforehand. I have realized that I want to continue working in the area of auditing. Experience And Academic Benefits. Experience is always an advantage when seeking employment. An internship provides a relatively nurturingRead MoreIntern At The Largest Cpa Firm1550 Words   |  7 PagesAlicia Sowinski Internship Reflection This past summer, I had the opportunity to intern at the largest CPA firm in Buffalo, Freed Maxick, CPAs. It was an intense six-week program that exposed me to a variety of work in departments such as tax, audit, EAS, consulting, and healthcare. At Freed Maxick, they wanted the internship to parallel the experience their first-year staff accountants have. We were treated as full-time employees as we had our own cubicles, worked forty-hour weeks, and wereRead MorePractical Report1181 Words   |  5 Pagesvision is ‘to be the preferred business advisor in enterprise value enhancement’ and holds a mission of ‘linking strategy to value’. The firm is a medium sized audit firm in Malaysia and provides many services that focus in the area of taxation, auditing and assurance services, as well as other services such as enterprise risk management and internal audit. KHR operates from 4 strategically located offices in Malaysia with its headquarter in Kuala Lumpur and 3 other branches in Kota Bharu, Alor SetarRead MoreInternship Report of Accounting1891 Words   |  8 PagesInternship Report 1. Introduction During April 12th and April 30th, I served as an intern for ZhiqinCertified Public Accountants CO., LTD. Foshan City, ZhiqinCertified Public Accountants Co., Ltd. is officially registered, a certified public accountant firm, in 1990, a period approved by Guangdong Provincial Department of Finance was established in 2000 began operating a limited company, a practicing certificate number is 44060005, assets assessment Certificate No. 440 200 756. Since itsRead MoreInternship Report of Accounting1906 Words   |  8 PagesInternship Report 1. Introduction During April 12th and April 30th, I served as an intern for ZhiqinCertified Public Accountants CO., LTD. Foshan City, ZhiqinCertified Public Accountants Co., Ltd. is officially registered, a certified public accountant firm, in 1990, a period approved by Guangdong Provincial Department of Finance was established in 2000 began operating a limited company, a practicing certificate number is 44060005, assets assessment Certificate No. 440 200 756. Since its establishmentRead MoreProfessional Skepticism Throughout A Winter Quarter Auditing Internship1437 Words   |  6 Pagesexperience of applying professional skepticism throughout a winter quarter auditing internship. Third, as described in PCAOB Audit Staff Practice Alert No. 10, the PCAOB plans to explore meaningful ways to enhance auditor’s professional skepticism. Therefore, contained in section three is a proposal which provides justification for an implementation that may enhance the application of professional skeptic ism throughout the auditing profession. In culmination of discussing these examples, professionalRead MoreSample Resume : Computer Science Technology2359 Words   |  10 Pages â€Æ' Table of Contents Contents INTRODUCTION 1 FOUNDATIONAL COURSES PROJECTS AT UNIVERSITY AT BUFFALO 2 IT auditing 2 Information Assurance 3 Digital Forensics 5 Internship at MetLife 6 IT audit intern role 8 Conclusion 10 INTRODUCTION I have decided to take up my internship in IT audit to leverage my knowledge that I gained from my Master’s program and my three years of experience in IT industry. I would like to establish the various factors that have led me to choose my career as an ITRead MoreThe A Company Truly Stands Behind. Bunn Essay1402 Words   |  6 Pagessubsidiary is a retail and wholesale business and I worked on the daily tasks such as entering invoices and receiving and applying payments to the customer’s accounts. I also ran and created various reports. These reports included a labor report, hourly sales report, and sales by category report. These reports were given to upper executives of the company. My learning objectives were to develop an understanding of operations of subsidiary and increase QuickBooks knowledge. I had to learn processes andRead MoreInterning As The Financial Analyst At Terma North America Inc.1382 Words   |  6 Pagesmy internships, I met with my supervisors to create goals that I would strive to achieve by the end of the summer. At Terma, my goal was to prepare and present summary financial status reports to management and cust omers. I was able to exceed this goal by working with the IT department to design and create a program management module for the program managers. With the guide, the managers will learn how to access reports and update them at any time without assistance. Instead of having reports as