INTERNSHIP BIWEEKLY REPORT

Name/ID Number Job Title Companys Name Department Supervisors Name Supervisors Title Work Hours Period of Report Period of Work : : : : : : : : : Gina Eka Jati Intern Grant Thornton KAP Gani Mulyadi & Handayani Auditing & Assurance Diana Lestari Supervisor 8.30 am 05.30 pm December 26th 2011 January 6th, 2012 December 26th 2011 April 25th, 2012

Par tI

: Principal Assignments and Responsibilities

a. Reading audit manual b. Preparing cover and index for audit file c. Preparing audit confirmation letter for banks, account receivables, capital and legal d. Audit Sampling e. Vouching f. Stock Taking g. Preparing Lead schedule and working paper

Part II

: Aspects of the Work Learned

a. Experiencing real workplace of auditors b. Learning more functions in Microsoft Excel c. Operating some unfamiliar applications that are used to use in auditing field work d. Learning how to take samples from populations e. Learning how auditors validating the information provided by client

f. Learning how auditors checking the inventories that clients have g. Learning how auditors selecting the information to be filed in audit file h. Working in team within deadline

Part III

: Problems Encountered and How to Solve and Minimized It

As an accounting student, having a change to have an internship period in a public accounting firm is a valuable door that will be helpful in preparing to face the real field work later on. There are many experiences and knowledge that can be earned during this internship period that will increase value of an accounting student. However, the difficulties also appear during taking this opportunity. As a student, working in the real field work is something new. The lessons learned in campus; the information read from text books are nothing in the first two weeks of the internship. They are seemed like pieces of puzzle that are not matched. They can not be used in practice. Working in audit team is also something new. As a student, this is the first experience in life. It is supposed to be easier since in the campus, some assignments were done within group. But working in new environment with some unfamiliar people in order to accomplish a task is hard. Moreover, it is high season that gives more pressure; it makes even harder. Asking some questions will help of course, but sometimes, the senior seems too busy with their works and it makes me hesitate to ask. By realizing that I still could not find the answer without asking to seniors, force myself to ask the question is a way to help me finish all the tasks. The questions can be asked when I think the senior is not too busy then the problem is solved. Sometimes, not all questions are necessary asked to seniors. Since they are busy with their own task, first, asking to friends who take the same internship program may work. Probably she already tough by

their senior and she can easily explain and teach me how to solve my problems. Second, help menu which is equipped in every Microsoft also can help us in using some functions. For instance, mail merge. My senior asked me to prepare audit confirmation letters for more than 100. I will waste my time if I make it one by one and it also increases the probability of creating mistakes in typing some numbers in the letters. She suggested me to use mail merge function. However, mail merge was learned when I was in junior high school. I totally forgot how to use it. When I asked to my friends, no one knew it. Luckily, I saw help menu and then I opened it. I entered the key words and it displayed the steps how to operate mail merge. Help menu really help me to use this function again. Besides learning how to operate some unfamiliar functions, I also learned what an auditor does as a practitioner. Originally, I was unfamiliar what I was asked to do, like make a list and sort the number descending and pick the top-25. I have no idea what I was doing at that time. When I ask for an explanation, she told me that she was preparing to send confirmation letters to those top-25 in order to verify the information provided by client. In campus, the lecturers only tell us that an auditor send some confirmation letters, they never told us how an auditor choose to whom they will send the confirmation. In the real work, during my internship period, I know how they sampling the recipient of the confirmation letters.

Intern,

Supervisor,

Advisor,

(Gina Eka Jati)

(Diana Lestari)

(Dr. Sumarno, SE, MBA,

Ak.)