“When should I start applying for an audit internship?” is a very common question from students.
Griffiths + Associates welcomes Audit Interns all year round, but it is advisable to submit your application at least 6 months before your intended start date.
Why is it so important to start planning your internship well in advance?
A smooth, stress-free transition into your internship is the answer.
- Securing a Spot: early applications increase your chances of securing an internship spot. For instance, in the current year, Griffiths + Associates was fully staffed with audit interns by the end of 2023. As a result, we had to turn down any applications that came in 2024 for the 2024 internship.
- Accommodation Arrangements: planning ahead allows you to secure a place to stay well in advance, as finding suitable accommodation can be challenging, especially in summer.
- Scheduling Conflicts: Advance planning helps you manage and avoid potential scheduling conflicts with academic or personal commitments. It also gives you ample time to prepare personally and professionally, ensuring you are ready to make the most of your internship experience.
Applications for Audit Internship 2025 ARE OPEN!
An Audit Internship at Griffiths + Associates for Accounts Students, both local and foreign (under Erasmus+), is always an opportunity to gain real-world experience.
Our program is designed to familiarise interns with the knowledge needed to perform a financial statement audit through three months of comprehensive training. You will become familiar with the software and Statutory External Audit methodology.
Specifically, You Will Learn:
Accounting: Entry of invoices in sales / purchase ledger, allocating receipts / payments against customer / supplier invoices, and posting of transactions in the nominal ledger.
Maintenance of the Permanent Audit File: Updating the permanent audit file with changes in shareholders/directors, shareholder resolutions, and new contracts and loan agreements.
Risk Assessment and Internal Control Evaluation: Drawing up an Audit Plan based on risk assessment results, focusing expanded procedures on areas with the greatest risk of material misstatement, error, and fraud.
Tests of Details and Substantive Analytical Procedures: Combining these methods to conclude on the reasonableness of a given transaction class or account balance.
Audit Sampling: Using both statistical and non-statistical sampling techniques to conclude on an audit area by examining evidence from a sample of the entire population.
Analytical Procedures: Performing typical analytical procedures to form quality expectations and compare results.
Drafting Financial Statements: Preparing income statements, balance sheets, and notes to the financial statements according to Maltese local standards and regulations, which conform with the European Accounting Directive. In some cases, financial statements may be drawn up according to International Financial Reporting Standards (IFRS).
Tax Computation and Returns: Preparation of company taxation for Maltese companies, dealing with different tax treatments for various types of income such as trading income, investment income, rental income, and gains from the sale of property.
For more details about the Audit Internship Program, please contact Alex Micallef at alex@griffithsassoc.com
Applications shall be treated on a first come first serve basis.
Learn more: AUDIT INTERNSHIP IN MALTA
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