Week 1

Monday

        Today is my first day to work in a multinational audit firm, Ernst & Young. I am excited and hopeful as I am going to meet new friends and learn new things. I have set some objective that I want to achieve during and after the internship:

1) Improve social skill

2) Achieve better performance evaluation

3) Improve communication skill

4) Improve understanding in detecting fraud

         I have made some friends during the orientation. Some of them are either a permanent staff or an industrial trainee. The orientation guides us to use the company’s facilities, such as Information Technology (IT) system and financial claim.  After the orientation, I have been allocated to the department of Fraud Investigation & Disputes Services (FIDS). The partner of FIDS introduced me on the operations in FIDS. I have been assigned to check for the completeness of the documents. My colleagues treated me like a family member. I believe I can adapt the new environment easily in my workplace. I managed to ask my supervisor about the operation of the department, so that I can get more detailed understanding in my workplace.

Tuesday

         In the morning, I went to an audit course. The course is held for two days only.I learned about the EY Global Audit Methodology (GAM). GAM ensures the auditors from every EY branches are using the standardized method to do audit works. I learned about the following knowledges:

1) Identify materiality and tolerable error on financial statements.

2) Write the Global Working Paper Index and footing on audit working papers.

3) Interview with the clients.

4) Identify reliable evidences and supporting documents for audits.

          There are a few interesting role-playing activities during the course. The activities include interview with clients, prepare working papers, check and write footing on the working paper. It enables me to have a better and deeper understanding in auditing. 

Wednesday

           Today is the final audit courses. I am excited as I am going to learn something more specific and practical knowledge about auditing. I learned the techniques to observe physical inventory count, and auditing cash and cash equivalent, income statements, trade receivable, trade payable and fixed assets. Meanwhile, I understood some of the possible fraud consideration when auditing those categories. For example, company may create non-existing customers to boost up the sales. Therefore, we should ensure the sales records do have the supporting document, which is delivery order. Issuing a delivery order indicates the goods have been sent to customers. 

           The speaker shared with us about his personal experiences in auditing. He told us on what should do and what should not do in the workplace and client entity. I learned to act professionally throughout the audit works. At the end of the course, we played a tie toe game to learn something from fun and relax activities. The course is valuable and fun.

Week 2 >