It's been two days since I started interning at KPMG Audit Malaysia. On the first day, I arrived at KPMG office and then I had to do some paperwork at the Human Resources Department. After I finish filling up the forms, the secretary from the Audit M Department took me to my office. Then, I had to take a laptop from the IT Department. As a new intern, I was surprised that I was responsible enough to loan a laptop from the IT Department. I introduced myself to a few junior trainees and started using my laptop. Within minutes of logging in and exploring this new laptop, I was told to pack to head to a client office, Eita. I followed the junior trainee, Susan to Eita. I checked Eita invoices to make sure that the invoices is recorded correctly. The invoices need to be entered in the correct year. For example, if the invoice is issued in 2009, it needs to be excluded from the Income Statement in 2008 and vice versa. My next duty was checking Forex. Since Eita supplies its goods internationally, they use US dollar for transaction purposes. I always wonder what is the big deal about IFRS and GAAP. Finally, it all seems clear to me. The exchange rate tends fluctuates from time to time and Eita needs to account for this to make sure that there is no discrepancies.
Today, I did something extra special. I had to enter the amounts for the Balance Sheet, Income Statement, Expenses and etc into KPMG audit. It took critical thinking to analyze the figures but I managed to overcome this struggle. After that, it was a breeze for me.
This is only the second day and I am exposed to so much experience in this field of expertise. I am looking forward for tomorrow to see what else is in store for me. I cannnot wait to learn more about this industry.
Tuesday, May 19, 2009
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