Audit Internship (8 - 10 weeks) - July 2022
by Mazars LLP
Job Details
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Audit Internship (8 - 10 weeks) - July 2022
Overview of the Audit service line
In Audit, you will join a growing team of over 1000 relationship driven, curious, problem solvers who add value to their clients daily. Our teams provide audit and assurance services which are vital to our clients' business control and credibility.
Our expertise ranges from servicing private, entrepreneurial companies through to UK and internationally listed companies and groups, financial services, public sector bodies and some of the largest global organizations in the world. By joining a unique integrated structure, you will benefit from working in collaborative teams and be given responsibility for delivering robust and independent audit and assurance services in a supportive environment.
Quality is at the centre of Mazars in terms of both our people and the service we provide our clients. We offer a distinctive, human-centric approach that goes beyond compliance, with an integrated structure that allows us to work seamlessly as one team.
We hold the fundamental belief that audit forms the foundations of a fair and prosperous world, we care about our industry and have long pressed for a debate on competition in the audit market. We believe that businesses and societies around the world deserve the benefits that increased resilience in the audit market can bring and are committed to playing an active role in shaping its future.
An introduction to our Public and Social Sector team:
Our specialist Public and Social Sector team provides distinctive audit and advisory services across six sectors:
- Central government bodies
- Local government bodies
- NHS Trusts and Clinical Commissioning Groups
- Educational Institutions
- Housing Associations,
- Charities
Job purpose
As an audit intern you will be part of a team responsible for completing about 250 limited assurance audits of small local authorities (primarily parish councils).
Local authorities spending between £25K and £6.5M per annum are required to submit an annual return of their income and expenditure and we are required to undertake procedures set by the National Audit Office to give independent assurance on the annual return. The level of assurance is less than that of a true and fair opinion required for larger authorities (hence the term limited assurance) and the procedures are relatively straightforward. However, you will need to have an enquiring mind and analyse information, especially financial data quickly and accurately.
You will be trained and closely supervised by an experienced Audit Manager and all your work will be reviewed by the Audit Manager and Partner. However, you will be expected to learn quickly and work independently taking responsibility for the clients assigned to you. The clients are managed remotely but you will have regular contact with them on the phone, by e-mail and by letter so you must be a strong communicator.
You will be set weekly completion targets working towards a team target of 95% complete, reviewed and opinions issued by the statutory deadline of 30 September. Clients complete a satisfaction survey so a key skill is chasing them for information and persuading them to correct errors in a friendly and professional way that leads to positive feedback.
The outcome of your work will contribute to providing various stakeholders with assurance of an organisation's financial and accounting records and standards of governance. The local authorities raise most of their income via a precept added to resident's council tax bills so there is considerable public interest in how the money is spent. The Partner and Audit Manager will deal with objections received from local electors and any suspicion of fraud or illegality but you will need to be alert to politically sensitive issues, whilst working at speed on set procedures.
Following the program, if a career in accountancy is something which you wish to pursue, you may be invited to apply for one of the firm's graduate positions which would commence the following summer.
The person
- Passion of Public and Social Sectors
- Strong work ethic; the desire to get things done, and to learn and progress.
- Interpersonal skills; the ability to build client relationships with a foundation of trust and responsibility.
- Analytical skills; the ability to accurately and diligently assimilate information, grasp concepts quickly, research and solve problems.
- Independent; the ability to think critically, challenge when appropriate, and to apply professional scepticism.
- Attention to detail and strong time-management skills.
- Credible and effective communication skills (written and verbal).
- Affinity with our values; in particular, respect for individuals, diversity and integrity.
Strong academic performance is important so we know that you're ready to take your professional exams. However, we understand things don't always go to plan – so if you don't meet our minimum requirements, please let us know if you have any exceptional achievements or extenuating circumstances which affected your results.
We also consider your achievements in the context of your socio-economic background, so encourage you to submit your contextual information.
- On track to achieve a 2.1 or above in any degree discipline
- Minimum of 112 UCAS points. This is based on the new 2017 UCAS Tariff.
- Grade B or above in GCSE English Language and Maths.
About Mazars
Mazars is a positively different international and integrated professional services firm operating in 89 countries around the world; specialising in Audit, Tax, Consulting, Financial Planning, Accounting & Outsourcing and Advisory Services with entrepreneurship and a desire to create value at the heart of our DNA. We differentiate ourselves by the opportunities we offer our people, our approach to working with clients and our passion for responsible business.
How to apply
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Please note that applications may close before the application deadline, so apply early to avoid disappointment.
The deadline has expired
We still have opportunities just like this one ready for you to apply.