ADVISORY AND AUDITING AT ACNABIN CHARTERED ACCOUNTANTS

Abstract

This internship report provides an overview of my experience during the internship at ACNABIN Chartered Accountants, outlining key observations, tasks completed, and insights gained throughout my time with the firm. The objective of this report is to highlight the firm's operational processes, client service approach, and the role of interns in supporting the audit team. Firm Overview: ACNABIN Chartered Accountants is a respected professional services firm specializing in auditing, tax, and advisory services. It serves clients across various industries, including financial services, healthcare, manufacturing, and technology. The firm is known for its high standards in financial reporting, regulatory compliance, and risk management. Internship Experience & Key Responsibilities: During my internship, I had the opportunity to gain hands-on experience in a range of audit related activities, working closely with senior auditors and teams. My key responsibilities included: • Assisting in Audits: I supported the audit team by preparing working papers, performing substantive testing, and helping to review client financial statements. • Data Analysis: I utilized data analytics tools to identify trends, discrepancies, and potential risk areas in client data. • Client Interaction: I observed client meetings and learned about the importance of maintaining strong, professional client relationships and clear communication. • Documentation: I assisted in organizing and maintaining audit documentation, ensuring compliance with firm standards and industry regulations. Key Insights: 1. Audit Process & Methodology: • The audit process at ACNABIN Chartered Accountants is highly structured, with a focus on thorough planning, risk assessment, and quality control. Interns are expected to assist in various stages of the audit, from preliminary risk assessment to the final review of financial statements. • I observed the firm's adherence to auditing standards such as the International Standards on Auditing (ISA), ensuring audits are carried out with precision and consistency.