Audit Intern
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Job Description
About Frost, PLLC:
Frost, PLLC is the largest CPA firm in Arkansas, celebrating 50 years in business. While specializing in Agribusiness (poultry, eggs, swine, row crops), they serve a diverse range of industries. The firm emphasizes nurturing employee growth through mentorship, technical and soft skills training, and other developmental tools. Founded in 1974, Frost provides financial services and advice, utilizing their extensive experience and BDO Alliance membership.
Job Description: Audit Intern
This internship offers the opportunity to work as an Audit Staff member, collaborating with experienced staff and partners. Interns will gain exposure to various industries and contribute to representing organizations’ financial performance. Responsibilities include nationwide fieldwork for operational and financial audits.
Key Responsibilities:
• Audit Testing: Completing audit testing on client financial statement segments (cash, accounts payable, accounts receivable, etc.), ensuring sufficient appropriate audit evidence and maintaining audit quality and professional skepticism.
• Work Paper Preparation: Preparing clear and concise work papers documenting work performed, results, conclusions, and client correspondence recommendations.
• Fieldwork Assistance: Assisting with fieldwork for both operational and financial audits.
• Issue Identification & Application of Principles: Identifying issues and applying accounting principles and auditing procedures.
• Client Relations: Developing positive working relationships with client staff.
• Computer Systems: Demonstrating foundational understanding of audit preparation software.
• Continuing Professional Education (CPE): Maintaining at least 40 hours of CPE annually.
• Communication & Problem-Solving: Exhibiting strong communication, listening, and problem-solving skills.
• Compliance: Adhering to firm practice management procedures and systems.
• Inventory Observation: Performing inventory observations and documenting results.
• Audit Evidence: Completing audit procedures to obtain sufficient appropriate audit evidence, focusing on quality and compliance with auditing standards.
• Professional Skepticism: Maintaining professional skepticism, considering alternative and disconfirming evidence.
• Quality & Standards: Completing tasks and deliverables to a high standard, demonstrating expertise in GAAP, financial reporting, and auditing standards.
• Understanding Audit Objectives: Clearly understanding the importance of the work and its contribution to audit objectives.
• Risk & Issue Management: Identifying, documenting, and escalating risks and issues, consulting with team members as needed.
• Communication & Progress Reporting: Keeping senior team members informed of significant developments and engagement progress.
• Ownership of Audit Areas: Taking responsibility for assigned audit areas from start to finish, including review note clearance and file closure.
Qualifications:
• Currently pursuing a Bachelor’s degree in accounting or a related field.
• Completion of Principles of Accounting I.
• Foundational knowledge of Generally Accepted Accounting Principles (GAAP) and related topics.
• Current, valid driver’s license.
Benefits:
• Competitive compensation
• Company-provided equipment
• Access to Becker Study Program
• Supportive career environment
• Coaching and Mentoring Program
• Internal learning opportunities
• Paid membership to business, civic, and professional organizations
• Emotional well-being resources
