Quote:
Originally Posted by Unregistered
The complex accounts I’m referring to are like impairment etc, hedging, consol etc. as an intern, I don’t have experience with these because the accounts I work on are ”simpler” like search for unrecorded liabilities, cash, vouching, maybe test of controls etc
Things like journal entry testing I’m not sure too because I only follow instructions on how to run the tests so I don’t know how to write analysis if got any findings because this kind of thing my seniors will take over…
IVe also not been in an engagement from start to end so I also dk how to wrap things up etc like how to write the auditor report, produce the audited FS etc
^ because of all these gaps I feel I cannot only spend 1 year as an associate to gain more experience
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JE testing is mostly just for show anyway...
99% of all procedures in big4 are based on templates or template wp can be acquired from other engagements. Analysis is like the easiest part if you have a proper accounting knowledge.
If got findings just ask yourself why and why and why until you have something to write. This is what sets apart a jhk monkey and a normal auditor with some brain. If you think you have no brain and cant develop a analytical mindset, you are no different from a jhk monkey. Lying back and thinking your senior will handle everything is the classic lazy mindset. Get your **** together and actually work that rusty brain.