PPT on Audit in CA Firm for Inernship

1. INTERNSHIP
PRESENTATION

2. SUMMER INTERNSHIP PROJECT
Presented By -
Sunita Jaiswar
A70004616002
BCOM1602
(2016-19)
ON
Audit procedures of
‘ECOVIS R. Kabra Corporate Advisors Ltd.’
UNDER THE GUIDANCE OF
Dr. Janaki Naik

3. About the Company
 ECOVIS R. Kabra Corporate Advisors Ltd.
 Founded on Year 1974
 Services Provided -
 Audit and Assurance
 Accounting
 Corporate Finance
 Financial Communications
 International Tax Advisory
 Marketing Development

4. Objectives
 To have an overall idea about the Audit Procedures of ECOVIS R. Kabra & Co. (Chartered
Accountants).
 To gain practical knowledge and experience on how the firm conducts an audit and how audit work
is conducted in Bank and Companies.
 To identify about how to accumulate and process supportive documents to make an audit report.

5. Methodology
 The present study has been made on the basis of both primary and secondary data.
 Throughout the internship period I worked in Audit Department and earned experience.
 By working as a member of this department, I had opportunity to learn and gather knowledge, to some
extent I had access to see company’s voucher, ledger, audit report and so forth. I communicated with
the employees and gathered the information.
 Sources of Information
 Primary sources information.
 Secondary sources information.

6. Audit process and procedures in India

7. Audit procedures followed by firm
• Proposal letter to Client
• Acceptance by the client
• Meeting and Discussion with the Client
• Confirmation Letter.
NEW CLIENTS
• Willingness letter for reappointment
• Client sends appointment letter.
• Acceptance of Letter
EX-CLIENTS OR
CLIENTS FROM
LAST YEAR

8. Main Tasks
Nodus Ltd.
Vouching
Central Bank
of India
Concurrent
Audit
Corporation
Bank
Income
Seepage
Audit
Hooghly &
Industeel Ltd.
Statutory
Audit

9. Nodus Ltd.
Vouching of Receipts & Voucher
ROC compliance form No. 8, 11
TDS return have been filled or
not through verifying the challan.
Query Sheet & Remark Sheet

10. Central Bank of India
Premises
Department
Details of
Centralized
Rent
Report
Payment
Zone-wise.
List of
Properties
where
Deeds have
not been
Registered
Legal
Section
Advances
Outstanding
more than
three months
Amount
Payables
more than
Six Months
Old.
Security &
Transport
Section
Vouched
different
files.
Calculated
GST rates
Final Report

11. Corporation Bank
Interest
Calculation on
Accounts
Bank
Guarantee
s
Cheque
Charges
Service
taxes rate
Interest
Rates
Letter of
Credits
Corp
Schemes
Processing
Charges
and Fees
Calculated
Tax rates
Final Report

12. Hooghly & Industeel Ltd.
Vouching of
Purchase &
Sales Voucher
GST
calculation
on
Purchase
& Sales
TDS
TCS
Declaration
(Form 27C)
Interest on
Unsecured
Loans,
other
loans
Bank
Reconciliat
ion
statement
Wages &
Bonuses
of Workers
Verificatio
n of
GSTR3,
Tax (CGST
and SGST)
Preparation
of Final
Statement
Working notes

13. Conclusions
A great opportunity to grow and develop.
Learnt extensively about Audits, the importance of audit.
Learn efficiently MS-Excel, got aware about many concepts such as Bank
Guarantees, Cheque Charges, Issuing charges, etc.
Enhanced my knowledge and skills as well as improved my professional
ability, to work in a multicultural environment.

14. Thank You !!!!