First Audit - Prelim Work
I went to my first audit on Monday and Tuesday of this week. It was preliminary audit work, so we will be going back to this client later in the audit season to finish it up. It was a nice opportunity to see some audit tests without the pressure of busy season looming over us.
I got my hands wet with testing fixed asset additions, repairs and maintenance expenses, legal and accounting expenses (get to see our audit fee in there!), and prepaid expenses. I also got to tag along on the walkthroughs, which was fun. I liked learning how their business works.
It’s hard knowing if you’ve got all of the information you need – until you sit down to type it up and realize that you need to go and ask a couple more questions!
Luckily this client has many friendly and helpful employees, so it was easy for us to get everything we needed while we were there. I’m looking forward to going back there during the audit season.
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