Career Options: Audit Intern

ImageHave you ever wondered what it would be like to work in a certain career or hold a specific position? I wanted to give you all some insight as to what it was like for me to be an Audit Intern at a medium sized CPA firm. I wanted to inform you what my day entailed. Lastly, I wanted to give you some insight as to how to get such a position.

What I Did…

Please understand that every position and company can be different, so I am only writing about my own experiences. The company that I worked for mostly audited government agencies, so the busy season came during the second half of the year. While I was in school, we agreed I would work 3 eight hour days during the week. Because the company was smaller than a Big 4 accounting firm, I got a wider range of duties than the average intern. My travel ranged from 5 minutes to 2 hours depending on which organization we were auditing.

My day consisted of reviewing financial statements and making sure the information was correct. Each line item in the financial statement had a to-do list that needed to be completed. We were there to prove what was on the financial statements was correct. Sometimes that meant witnessing the inventory ourselves or selecting samples documentation to make sure the procedures were followed correctly. At the end of the audit, I would be the final editor. I would check spelling, grammar, and the math of the final financial statement.

What is was like…

If you are one of those people who likes to work by yourself, this may be a good position for you. To me, the job was very lonely. You typically did your work at the agency that you were auditing. Most of the time those employees did not was to talk to you because they were scared of you. At times, we had a group of auditors in a conference room, so I did get to work in a group setting. As an auditor you are required to travel, so you may have to spend the night out of town. It is important to understand the difference between and internal; and external auditor. I was external, meaning I was coming in from the outside and I did not work for the agency itself. I was hired by the agency to do a job.

The position pays well, especially for a student. I have seen hourly wages range from $15-30/hour. If income it important to you, this may be an ideal position.

The hours count towards your CPA experience. If you are working under a CPA, your hours will count towards your CPA certification. You do not have to graduate to start the work experience portion of the CPA certification.

You can move up pretty quickly. If you work hard and pass your CPA exam it is rather easy to keep moving up in these type of organizations. The supply of good, hard-working, Certified Public Accountants is just not as high as the demand. I know many people who pass their exam and got an immediate bump in salary and tittle within the company.

How to get the job…

Start looking early. Most people wait until the last semester to look for an internship. Most organization that I spoke to at Meet The Firms were wanting to hire students in the sophomore or junior year of college. If you get in early and work your but off, you will be ahead of the game.

Have the career center look at your resume. You would hate for a small mistake to keep you from getting that dream job.

Get great grades. Most accounting positions or internships had a minimum GPA requirement, especially in your accounting courses. Make sure you pay attention to your overall and major GPA.

Network! Get to know your classmates, your fellow accounting club members, your teachers, and the companies you want to work for. I first went to an informational meeting for the CPA firm, through the accounting club. Then I introduced myself again at Meet The Firms. After meeting them a few times and keeping in contact, they offered me an interview.

Ace the interview. Review your material. Although if you get good grades, you should understand the basic questions they may throw at you. Review the job description and what you talked about in past conversations. Think about what the company wants and how you can fill that for them. Dress the part, I have never seen an accounting interview that was less than business professional. Practice, Practice, Practice. I used the career center to get a mock interview.

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Getting That First Student Accounting Job

193/365 Resume Reading

193/365 Resume Reading (Photo credit: bending light)

First of all, I spoke to my career counselor to get some advice. She mentioned some great websites where they posted internship and student positions.

One at a time, I found a job I want to apply for. I printed up the whole job posting and read it from beginning to end. Then, I read it again with a highlighter, marking everything they were looking for in a candidate. I know it may seem hard, but I always stop after highlighting. If you walk away and do some dishes or go to work, you will think of some great ways to present your resume according to the job posting.

When I come back to it, I spend some time brainstorming. I look at the first requirement of this job and think of things I have done in the past that may relate. For instance, at my current position the job posting said I would be reconciling cash. Well, at that point in my life, I have never reconciled cash, but I have been a cashier and carried my own bank when I was a waitress. Although I might not have done that exact job, I have done things that could help me perform that job better.

The career center at my school has a great book that shows you how to format and word your resume. I have referred back to this book multiple times. I suggest you find something similar. I completed a draft of my resume and cover letter and took that, with a copy of the job posting to my career center. I found someone in business to look over my resume and give me some great advice. Not only did she help me with my wording, she made sure I didn’t make any grammatical & spelling errors (ow, I have heard some horror stories about this). Sometimes, just having a separate set of eyes look at your resume, can help greatly.

Then, and only then, I could apply for the job. Make sure all this is done before the deadline. If there is no deadline, try to complete this in a day to make sure the job is still open. I did all this for my first Student Accounting Assistant position. A few weeks later, I got called in for an interview.

You will need to prepared just as much, if not more for the interview. Look over your resume and think about your past positions. Look up common interview question and brainstorm stories or examples you can bring up. Review some of your class material if it pertains to the position. For example, if you are applying for a personal training position, make sure you know your muscle groups and the corresponding exercises. Look up the company you are about to interview with. What do they do? Are they opening a new location? Are they implementing new technology? Have questions prepared that you want to ask them and most of all, PRACTICE, PRACTICE, PRACTICE! Get someone to help you. My brother called me at 6am from a different State just to get his mind on the right track.

Lastly, relax. If something goes wrong, pick yourself up and try again.