Unregistered |
11-04-2024 11:11 AM |
Quote:
Originally Posted by Unregistered
(Post 274645)
At the junior level, the workload is heavy but work is not complex.
Client got cash? Send a bank confirmation.
Got receivables? Send AR confirmation and Check subsequent receipts after year end.
Inventory? Go stock take and count quantities. Costing done by senior no need care. Best case scenario is external warehouse, just get confirmation.
Deposits and prepayments? Sight to deposit and agreement. Prepayment is simple secondary school math to prorate period lapsed vs period remaining.
Fixed assets? Depreciation is basic math. Addition and Disposal just vouching work. Asset sighting also easy, walk around with client tick tick confirm asset number and existence only.
Audit very hard meh? Honestly polytechnic student also can do A1 work.
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What about test of internal control?
What you mentioned are just substantive testing.
NTU/NUS/SMU graduates usually work in Big4 1 to 3 years jump to commercial or bank liao. The future there so much brighter.
Only those private uni, ACCA, malaysian folks still working in audit industry and waiting for yearly increment.
Hard is not hard. But in audit industry, even audit partner find it difficult to justify their time cost and billable hours.
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