Process for Audit / Summer Internship

Process for Audit/Summe Internship

1.  Student have to get bonafied form signed by the Class Advisor
2. Submit the bonafied form to Crescent Admin department and get the Bonafied certificate

Process for Internship

• Select an Audit firm/ Bank/ Registered Company and get registered for the Internship. 
• It is advisable to choose in the sequence of Audit Firm/Bank/Companies. 
• Please ensure that you have the corporate set up for Internship.

Time of Internship – During the summer vacations

• Duration of the Audit Internship is minimum 80 hours and it’s mandatory. 
• Student can opt for the time schedule as per their convenience.

Audit Internship Module/Topics to be Covered

Topics	Particulars	Comments	Evaluation
Topic 1	1)        Understanding Audit and Clients 2)        Audit calendar 3)        Due dates 4)        Understanding my role in Work flow and Value chain.		Pictorial / Graphical Representation of the inputs
Topic 2	1)     Types of Assignment / Nature of work performed 2)     Scope of Regulations / Legislations  3)     Workflow / Walk through procedures of Transaction / Assignments 4)     Reporting, Representation and Disclosure requirements.		Pictorial / Graphical Representation of the inputs
Topic 3	1.               MS office 2.               Tally 3.               E Governance ·                 E -Filing ·                 Checking TDS 4.               SAP 5.               SQL 6.               CCH
Topic 4	MCA related Assignments – CFC 1.     Requirements for different Statutory Bodies ·                 Companies ·                 Firms  ·                 LLP ·                 Societies, Trusts 2.     E Governance 3.     Other Matters of interest
Topic 5	1.     Statutory Audit 2.     Internal Audit 3.     Forensic Audit 4.     Concurrent Audit 5.     Stock Audit
Topic 6	1.     Tax Audit 2.      GST Audit 3.     PF/ ESI Audits 4.     Non-Profit Organization Audits 5.     Government Audits
Topic 7	Transaction and Assignment based 1.                           Real estate 2.                           Transfer pricing 3.                           Structuring a merger /acquisition 4.                           Other matters of interest
Topic 8	1.     Personal grooming 2.     Office and social etiquette 3.     Client Handling 4.     Audit at Client Site 5.     File Handling and Documentation 6.     Clarification session

Module for other than Audit Firms

Topics	Particulars	Comments	Evaluation
Topic 1	1) Understanding Bank/Company and their Clients 2) Understanding my role in          Work flow.		Pictorial / Graphical Representation of the inputs
Topic 2	3) Types of Assignment / Nature of work performed 4)Scope of Regulations / Legislations  5)Workflow / Walk through procedures of Transaction / Assignments 6)Reporting, Representation and Disclosure requirements.		Pictorial / Graphical Representation of the inputs
Topic 3	7) Statutory requirement related to the Bank/ Company 8) E Governance      Other Matters of interest		Pictorial / Graphical Representation of the inputs
Topic 4	9)   Personal grooming 10) Office and social etiquette 11) Client Handling 12) File Handling and Documentation 13)Clarification session		Pictorial / Graphical Representation of the inputs

 

Mandatory requirements:

In the firm student should have a mentor who can guide and monitor the activities.

Students are required to record their everyday activities, observations, learning during the internship and it should be signed by the mentor every week.

Every weekend the student has to send a weekly report to their Class advisors on the below mentioned email

Class	Name of the Class Advisor	Email ID
2nd A section	Dr. Mohd. Amir	mohdamir@crescent.education
2nd B section	Dr.  Syed Noorul Shajar	syednoorul.com@crescent.education
2nd C section	Ms. T Porkodi	porkodi@crescent.education
2nd D section	Ms.S  Farzana	farzana@crescent.education
2nd A & F	Mr. S Chandrashekhar	chandrashekhar@crescent.education

 The recording of the activities should be professionally maintained in a register or note book and it should be submitted to the Class Advisor at the end of the Internship period as a proof of attendance and final report. The final report must include:

1)      Conduct certificate 2) experience certificate or letter of appreciation from the audit firm. 

Final report must be submitted in the form of project report in spirally bounded. Viva will be conducted by the external examiner and based on the presentation, credit scores will be provided to the students.

Special note: If a student is unable to meet the criterion of the Internship or unable to get through the Viva round, then the said students have to repeat the Internship process within the 5^th semester.