Audit Intern II Job Description
Function:
To learn and apply basic and intermediate auditing skills to real
world situations presented through University financial, operational,
compliance, and informational technology audits with the direct
supervision of audit staff.
Skills or Specialization Required:
A. Education and Training:
Needs to have completed Accounting 131, 132, 166, & 231 with
a GPA of at least 3.0. Also, needs to have knowledge of generally
accepted accounting principles, word processing, and spreadsheet
software.
B. Work Experience:
No prior auditing experience necessary; however, experience dealing
with business and operation functions is helpful in understanding
auditing principles.
C. Skills and Abilities:
Efficient, organized, and dependable. Good interpersonal skills.
Tactful and diplomatic. Able to prioritize multiple tasks and execute
in a timely manner. Sound judgement and above average academic/analytical
skills.
Learning Objectives:
Within the following areas, an intern will develop a fundamental
and more advanced understanding of:
The relationships essential to auditing, including how internal
controls relate to various business cycles.
Inherent differences between ‘external’ and ‘internal’
auditing focuses and why the differences exist.
How to review and appraise the soundness, adequacy, and application
of accounting, financial, and other operating controls, and promote
effective control at reasonable cost efficiently and effectively.
How to ascertain the extent of compliance with established policies,
plans, and procedures efficiently and effectively.
How to ascertain the extent to which organizational assets are
accounted for and safeguarded from losses of all kinds efficiently
and effectively.
How to ascertain the reliability of management data developed within
the organization efficiently and effectively.
Supervisory Controls:
Position is closely supervised by audit staff who, teaches important
knowledge components for each project, assigns various pieces of
audits in progress, and reviews all work which ultimately is included
in the audit workpapers and/or any related audit report.
Guidelines:
Position will be knowledgeable and be able to apply the guidelines
used by the Internal Auditing Department which may include the Department’s
Manual, published standards of the Institute of Internal Auditors,
and other important guidelines.
Organizational Relationships:
Position reports to the Internship Supervisor, who reports to the
Director of Internal Auditing, who reports to the President. The
Intern has no responsibility for leading or supervising audit work.
Personal Contacts:
University managerial and operating personnel are contacted for
information necessary to conduct an audit. Personnel may include
any level of University employee from student workers to the President.
Environmental Demands:
A. Physical Requirements
Vision suitable for intensive reading of computer-generated and
manual financial records and extensive use of computer monitors.
B. Work Environment
The assigned work station and fieldwork locations are normally
standard University offices. However, fieldwork may occasionally
involve visits to other indoor or outdoor locations.
Hours Required:
Position requires at least 6 hours of work per week. The hours
will be set at the beginning of the assignment; however, some flexibility
may be allowed.
Course Credit:
If arranged and approved prior to start of the assignment, course
credit may be given. One credit hour may be earned for every 25
hours worked.
Internship Evaluation:
Position will be evaluated at the end of the assignment. The various
categories for evaluation include major accomplishments, planning/organization,
communication skills, teamwork, and other performance factors.
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