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Career Catalyst: Audit

Location: United States
Experience Type: Employer Shadows, Forage: Employer Projects & Challenges
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The journey to career success starts here!

KPMG Career Catalyst Privacy Disclaimer: By participating in this program, you acknowledge and agree that InsideSherpa Inc. (d/b/a Forage), may share the personal information that you provide with KPMG LLP, the U.S. firm of the KPMG global organization of independent professional services firms, providing Audit, Tax, and Advisory service (“KPMG”), pursuant to Forage’s Privacy Notice, and that KPMG may use your personal information for the purpose of providing you with recruitment and related training content pursuant to KPMG’s Privacy Statement.

Welcome to KPMG U.S. Career Catalyst: Audit Job Simulation!

We designed this job simulation to make the world of KPMG Audit more accessible than ever before. Thanks to the emergence of new technologies such as AI, machine learning and cloud computing, we’re able to shape a better audit experience for both our clients and our professionals.

In this immersive job simulation, you’ll step into the shoes of a KPMG employee and learn from our very own team of experts. They’ll help you grow your knowledge and skills by simulating the type of work our audit professionals do every day. After each module, you can compare your work with real solutions created by the KPMG team, providing a more holistic picture of Audit and the role technology plays in creating accurate results.

We hope this program acts as a helpful guide as you explore the world of Audit and discover new possibilities for the future of your career.

This program is self-paced. It takes approximately 3-4 hours to complete.

Skills Learned:

  • The Big Picture – Audit at KPMG
    In this task, you will hear from an Audit Senior Associate at KPMG on the purpose of an external audit

    • Critical Thinking
    • Problem Solving
    • Audit Deliverable
  • The Audit Planning Process
    You will assist in audit planning by determining the materiality of general ledger accounts. This materiality will help assess which accounts and assertions will be tested in the course of the financial statement audit

    • Excel
    • Audit Planning
    • Data Visualization
  • Audit Procedures – Accounts Receivable
    As a first-year associate, you play a key role in performing audit testing. In this task, you will assist in auditing accounts receivable by preparing, sending, and evaluating the results of confirmations sent to third parties

    • Critical Thinking
    • Analytical Procedures
    • Problem Solving
    • Effective Presentations
  • Communicating with Your Client
    You’ve got the preliminary results from the confirmations mailed to third party customers. Time to update the client!

    • Communications
    • Data Visualization
    • Pivot Tables
  • Walkthrough of Client’s Process
    Let’s focus on reviewing the client’s order-to-cash (OTC) process, which includes the accounts receivable function and its internal controls

    • Business Processes
    • Internal Controls
  • Prepare and Present Your Findings
    You’ve done the hard work and are now ready to present your findings to Ashbourne Industries Inc. management

    • Effective Presentations
    • PowerPoint
    • Video Presentations
  • Finish Line

Experience Information

Sponsor
KPMG U.S.
Learn More
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Contact & Location

Phone
301-405-2301
Email
smithocsquestions@umd.edu
Address

Robert H. Smith School of Business
2570 Van Munching Hall
University of Maryland
College Park, MD 20742-1815

Career Service Hours

M Monday 8:30am - 5:00pm
T Tuesday 8:30am - 5:00pm
W Wednesday 8:30am - 5:00pm
TH Thursday 8:30am - 5:00pm
F Friday 8:30am - 5:00pm
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