One day as an auditor of the Big Four

10:46, December 9, 2021

Students of the International Economics and Business visited the office of an international audit company

Students of the educational programme  "International Economics and Business " of GSEM UrFU visited the KPMG office within the framework of the course  "Economic Analysis". Students were warmly welcomed by HR manager Olga Perepechina and coach-manager Andrey Krylov.

“KPMG invites third-year students to visit in order to conduct a business game for them, which makes it possible to feel like an auditor and see the audit process from the inside. Students also looked at the office and talked to KPMG staff, "commented Olga Perepechina

"We were given a tour of the office, shown various areas for work, rest and lunch. The manager gave us a short lecture about auditing, told us interesting cases from practice, and also arranged a game. We divided into teams and debated on the topics of economic analysis and various documents. All our questions about work in the company, events and studies were answered with pleasure," said Anna Lipatova.

The students repeated the audit procedure and the main types of procedures performed in the audit to verify the accuracy of the financial statements. The guys learned how the inventory of oil stored in huge reservoirs is carried out. Inventory is a type of procedure for checking the correct reflection of information in the balance sheet. After theory, of course practice: a case study to identify mistakes in the balance sheet of an enterprise. To find a mistake, you need to request a document confirming the legality of the operation. Students had to make a plan and request bank statements, property appraisals, confirmation of arrears or lack thereof. As a result of receiving such documents, some balance sheet lines were recalculated.

“During the case, we needed to use analytical skills with knowledge of accounting: we had to take an inventory of an antique shop, think about what information to contact the bank and in what form, check the reports and present, explaining where the mistakes were. I also liked the tour of the office: we were shown different departments, told about them, we saw live the office of an international company and how employees work there. Such events are extremely important for students, as they allow them to get in touch with the tasks of the company, as well as with their place of work, which is especially important online, ”- said Vladimir Krutikov, a student of the programme, sharing his impressions.

After a heated discussion, the coach announced the main winner - "Friendship!" and everyone came to a consensus. A more serious event is expected next time - an internship