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Internal Audit ?????

21 March 2011

hello frnds need ur take on this one of my frnd has been offered internal audit dept for articleship....she is damn confused in this regard as generally in articleship dept offered aer tax, stat audit....plz help how will be internal audit towards articleship useful.....she has been offered internal audit at snb mumbai.....plz help

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13 Replies

Devendra (Chartered Accountant) (4775 Points)
Replied 21 March 2011

Suggest her to do articleship in a mid-sized firm which will offer her various fields in Taxation, instead of doing it in a Large scale firm where work is divided into departments.

Internal Audit is one of the main branches in Audit, but if you do 2-3 Internal Audits you easily get the experience, no need to go for full time Internal Audit.

Regards,

Devendra

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sneha (CA) (96 Points)
Replied 21 March 2011

It will be better to do articleship in a midsized firm wherein you can get to know about the nature of all type of work .This will help us to understand which is our area of interest ....

M. N. JHA (CA) (8316 Points)
Replied 21 March 2011

Originally posted by : Devendra
	Suggest her to do articleship in a mid-sized firm which will offer her various fields in Taxation, instead of doing it in a Large scale firm where work is divided into departments. Internal Audit is one of the main branches in Audit, but if you do 2-3 Internal Audits you easily get the experience, no need to go for full time Internal Audit. Regards, Devendra

but u also do same in big firm

CA. Santosh Prajapati (Practice) (97 Points)
Replied 22 March 2011

She should go for a stat & Tax audit, internal audit is good but not enough in CA profession

Anish M.S (Internal Auditor) (116 Points)
Replied 22 March 2011

https://indiapoint.net/ca/tag/articleship/

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achyuthanand (Audit executive/ CA Final) (283 Points)
Replied 22 March 2011

ask her to go towards tax.... and do in big firms itself.. that will help her in shaping her carrer well... the level of exposure she may get is very big.. and in tax section she can learn a lot and u need a lot of exp in that section, which she may not get in any mid or small firms... TAX aor statute is advisable....

Ashish Kulkarni (Article Trainee) (44 Points)
Replied 22 March 2011

I think she is very fortunate to get into the Internal audit department coz through it only we can get a thorough understanding of the entire functioning of an organization which inturn helps in the future if she shifts to a Stat audit.

Martianman (student) (115 Points)
Replied 22 March 2011

yup .midsize firms are the way to go

Abhishek Jain (RisK Manger) (231 Points)
Replied 22 March 2011

ask her to join a mid size firm so that u get experiance of all areas of work be it stat ,internal, tax, management audits,taxation work

as a CA u are expected to have a knowlage in all areas concerning you

HASIQ ISMAIL (PURSUING CA FINAL ) (110 Points)
Replied 22 March 2011

Originally posted by : Ashish Kulkarni
	I think she is very fortunate to get into the Internal audit department coz through it only we can get a thorough understanding of the entire functioning of an organization which inturn helps in the future if she shifts to a Stat audit.

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Vikas Marele (CA in Service) (1144 Points)
Replied 22 March 2011

I hve done ma articleship in a firm which is specilised in internal audit. Internal audit is very good filed it give understanding of system of the company. If your f;ds want to go for practise in future then she has not to choose d same otherwise in ma opinion it is good for her.

Prakash Jha (auditor) (21 Points)
Replied 22 March 2011

hey,in a chartered firm dere r verieties of work to b done which include stat audit,,internal audit,, ABC audit,,stock audit,, bank audit n many more.if d firm u r joining has all types of work den join widout any tens oderwise leave d firm. rest think urself caz u hv also ur own mind but b4 joining think 100 times.

Sanjeev Sandh (Senior Manager - Audit) (309 Points)
Replied 26 April 2011

I have 27 years post qualification experience. I have specialised in Internal Audit. Even so, I definitely think that it is unfortunate to be stuck in Internal Audit during your articleship. Try to avoid this situation, since al-round audit exposure is very essential.