The Intern Experience (#190)
/In this podcast episode, we discuss the auditor intern experience. Key points made are noted below.
Intern Work Periods
Winter interns work from January through March, while summer interns work from June through August. Internships last a minimum of eight weeks, and may run to 11 weeks.
Intern Activities
Interns are treated as regular staff, and are expected to prepare work papers, perform procedures, and respond to review notes.
Winter interns typically work on year-end audit engagements, while summer interns are more likely to work on benefit plans.
Interns work on lower-risk cycles, such as auditing cash, fixed assets, and employee compensation. Could assist with revenue testing.
Converting Interns to Full-Time Work
The intern will receive a job offer on the last day of the internship, based on his or her performance. There is an internal evaluation process for this.
You get the summer off to study for the CPA exam, so full-time work starts in the fall.
The intern experience is helpful, since you already have some expertise when starting full-time work, have used the firm’s audit tools, and may be assigned to the same clients.
Related Courses
How to Conduct a Compilation Engagement