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Audit Internship Weekly Journal

Rizwan Jahangir Chowdhury completed an internship with Snehasish Mahmood & Co Chartered Accountants as a Junior Executive on the audit team from January 13th to March 26th. According to his weekly journal from March 15th-19th, he summarized labor law topics, prepared audit documents, and met with a client about auditing their funds. He also attended an Excel training. In his reflections, he noted learning about audit processes and responsibilities from his supervisor and mentor. His journal from March 22nd-26th outlined accounting tasks like collecting documents, expense verification, and a review meeting. He enjoyed working with colleagues and found the work interesting, but taking notes quickly remained challenging.

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80 views2 pages

Audit Internship Weekly Journal

Rizwan Jahangir Chowdhury completed an internship with Snehasish Mahmood & Co Chartered Accountants as a Junior Executive on the audit team from January 13th to March 26th. According to his weekly journal from March 15th-19th, he summarized labor law topics, prepared audit documents, and met with a client about auditing their funds. He also attended an Excel training. In his reflections, he noted learning about audit processes and responsibilities from his supervisor and mentor. His journal from March 22nd-26th outlined accounting tasks like collecting documents, expense verification, and a review meeting. He enjoyed working with colleagues and found the work interesting, but taking notes quickly remained challenging.

Uploaded by

RizwanChowdhury
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Student Name: Rizwan Jahangir Chowdhury

Company of Internship: Snehasish Mahmood & Co Chartered Accountants


Position: Junior Executive, Audit Team.
Journal for dates: 15/03/20-19/03/2020

Weekly Journal: 7
Work Done:
1) Read and Summarized the Provident Fund and Gratuity Fund topics from the Labor Law,
Labor Rules and Labor amendments as instructed by firm partner.
2) Prepared bank Confirmation letters for clients-IPDC.
3) Prepared Audit deposition letter for clients: Sathguru
4) Visited Client Office to collect documents as per requisition letter.
5) Meeting with Client-IPDC about auditing their Provident Fund and Gratuity Fund.

Learning and Achievements:


1) Attended weekly training of Excel for beginners organized by our senior associate. We
were taught by one of our senior associate.

Observations / Reflections:
This week have consisted mostly of training. I have had several meetings with both my
Supervisor & my mentor who have been teaching me the ins & outs of the job. They have been
teaching me about my responsibilities for the future and how to perform them. I’ve learned
about the audit and how the accounting process works in the industry. I have learned how to
navigate the server to look for files that holds all current and historic information for the
company..
Company of Internship: Snehasish Mahmood & Co Chartered Accountants
Started Working from: 13th January, 2020
Position: Junior Executive, Audit Team.
Journal for dates: 22/03/2020-26/03/2020

Weekly Journal: 8

Work Done:
1. Collected the documents of client and posted in our server.-Sathguru.
2. Organized and printed all the documents and filed them up.
3. Worked on Expenses heads of the client. Traced each expenses in Bank statements,
General Ledger and Cash Book.
4. Did vouching for each expense transactions.
5. Worked on Tax Payable and liability head. Understood the working of income tax
and rates & taxes payable.
6. Did workings of Cash and Cash Equivalent. Traced every withdrawals and receipts in
Bank Statement and Cash Certificate.
7. Sat with manager for review of my week long work and make necessary adjustments
to my work.

Observations / Reflections:
What I like most about this internship so far are the people. I enjoy working with everyone in
the group I've been assigned. They are all very helpful and smart. Most of them are young so I
can relate to them very easily. I also like the work itself. I enjoy doing the research and seeing
that the reports don't have a variance. It isn't at all what I've learned in all of my accounting
classes, but it is something that I can see myself doing after graduation. The most challenging
thing so far has been that I can't write fast enough! I try to take notes on what they are
teaching me, but sometimes it's difficult to get everything on paper. I've gotten a little bit better
over the last 3 weeks and can pick out the important information and jot that down, but there
are still things I miss. I make lots of phone calls asking questions about what they just explained
to me.

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