My college years have been filled with fun, memories, friends, and studies. My academic and social experiences have taught me the importance of excellence, hard work, and organization. There have also been experiences that have challenged me to give my best effort in what I do and strive for excellence. My experiences in colleges have encouraged me to push the limits to what I can do because I have been able to discover new skills and abilities I can apply to my studies and job. One experience that has been instrumental in my growth is my summer internship with Smith Carney, Co. P.C., a small accounting firm in Oklahoma City. After a lengthy internship search this past spring, I was offered a summer internship position with Smith Carney. …show more content…
These tests included cash disbursements, cash receipts, receivables, payroll, current liabilities, and expenses. The results from these tests are used to determine whether the company’s financial records are accurately tied to invoices, general ledger accounts, and bank records. This assignment gave me to opportunity to practice professional behavior in the way I represent my company. It is important to behave in a professional manner when at a client’s office or another individual’s home because such behavior can enhance a business relationship and lead to future opportunities to conduct business with that client. The ways in which we present ourselves to external parties makes an impression on who we are, what our company values are, and how serious we are to provide quality …show more content…
My job includes performing tax returns, audit engagements, and bookkeeping services for clients. The firm’s clients consist of retail, manufacturing, oil and gas, financial services, real estate, construction, and legal companies. One specific duty I perform is the preparation of financial statements for clients which assist them in making critical and strategic business decisions. The work I do for them will have a direct impact on the profitability and solvency of their company; so, I must make every effort to ensure our work reflects honesty and is in accordance with generally accepted accounting principles (GAAP). Work that is performed with a high standard of integrity and professionalism enhances the reputation of Smith Carney, but also increases the likelihood of client loyalty for future years to
Andrea may decide not to inform the limited partners about the misrepresentation of Skyline Views’s financial statements; to avoid conflict, this decision permits Ed to deceive the company and limited partners. In addition, by deciding not to inform the limited partners of Ed’s deceit, Andrea would be disregarding the American Institute of Certified Public Accountants Code of Professional Conduct in her being unreliable, dishonest and deceitful. Andrea has the responsibility of protecting her client, which involves encouraging the correction of financial statements in order to prevent suspicion during audits that could lead to fines and imprisonment. Andrea’s second option is to inform the limited partners about how misrepresentations of Skyline Views’s financial statements are permitting Ed to claim a higher management fee; this decision will fulfill her due diligence obligation to the limited partners while maintaining her integrity as a certified public accountant in supporting the American Institute of Certified Public Accountants Code of Professional Conduct.
This organization has been setting ethical standards and publishing the Code of Professional Conduct for the profession since the early 1900s. A Code of Professional Conduct is necessary for any profession to help maintain strict ethical standards. This organization is the basis of ethical reasoning in the accounting profession because of what the Code of Professional Conduct covers. The code is comprised of a preamble and six articles. The preamble and the six articles serve as a foundation to provide guidance and guidelines for accountants to overcome any emerging ethical issues with ease on a daily basis. The six articles’ purpose is to protect the public, investors, and creditors. The AICPA Code of Professional Conduct consists of: Responsibility, Public Interest, Integrity, Objectivity and Independence, Due Care, and Scope and Nature of
Throughout the past several years major corporate scandals have rocked the economy and hurt investor confidence. The largest bankruptcies in history have resulted from greedy executives that “cook the books” to gain the numbers they want. These scandals typically involve complex methods for misusing or misdirecting funds, overstating revenues, understating expenses, overstating the value of assets or underreporting of liabilities, sometimes with the cooperation of officials in other corporations (Medura 1-3). In response to the increasing number of scandals the US government amended the Sarbanes Oxley act of 2002 to mitigate these problems. Sarbanes Oxley has extensive regulations that hold the CEO and top executives responsible for the numbers they report but problems still occur. To ensure proper accounting standards have been used Sarbanes Oxley also requires that public companies be audited by accounting firms (Livingstone). The problem is that the accounting firms are also public companies that also have to look after their bottom line while still remaining objective with the corporations they audit. When an accounting firm is hired the company that hired them has the power in the relationship. When the company has the power they can bully the firm into doing what they tell them to do. The accounting firm then loses its objectivity and independence making their job ineffective and not accomplishing their goal of honest accounting (Gerard). Their have been 379 convictions of fraud to date, and 3 to 6 new cases opening per month. The problem has clearly not been solved (Ulinski).
It all seemed a little overwhelming. How I ended up there still seems like a dream even today. Back in early 2001, while working in an art museum library in Nashville, Tennessee, I heard about the internships at the National Gallery of Art. They have quite the reputation in the art world. I bemused myself by daydreaming of one day being an intern there. At the time I heard about them I most certainly wasn't a good candidate. I only had the one art museum gig under my belt and I still really lacked direction in my career ambitions. But fast forward to 2002. I was no longer working at the art museum library (the position was eliminated due to budget cuts) and I was no longer living in Nashville (I moved to Tucson to attend SIRLS). There's probably nothing else like losing your job to really make you figure out what you want to do with your life. I realized several things: I wanted to continue working in an information provision setting, and I wanted to work with visual collections, specifically photographs. Because of those goals, I chose to immediately find my way in at the Center for Creative Photography as soon as I arrived on campus in Tucson. I started out as a volunteer and would go on to do an internship there. This critical experience was exactly what I needed to boost my resume to the level of D.C. intern candidate. So . . . six full months before June 9, 2003, I applied for an internship at the National Gallery of Art.
Right now, most of you reading this are twenty somethings with extremely bright futures ahead of you. Many of you were the stars of your high school, if not area, if not state, if not country. Then you got here and things changed. All of a sudden, everything was challenging. From the first moment you got here you were in competition with all the other freshmen for spots in a fraternity, sorority, independent living group, or dorm. You compared SAT scores, compared achievements, and found that they, like you, were amazingly accomplished. Many were National Merit Scholars, AP Scholars, Governor’s School participants, Math Olympiad winners, Science Fair winners, and Scholarship recipients.
With every business activity come opportunities for fraudulent behavior which leads to a greater demand for auditors with unscathed ethics. Nowadays, auditors are faced with a multitude of ethical issues, and it is even more problematic when the auditors fail to adhere to the standards of professional conducts as prescribed by the American Institute of Certified Public Accountants (AICPA). The objective of this paper is to analyze the auditors’ compliance with the code of professional conduct in the way it relates to the effectiveness of their audits.
My extracurricular and academic activities have helped mold me into a person with character and good qualities. These qualities--respect, humility, kindness, ambition, appreciation for diversity and collaboration, and courage--have not come without valuable failures and lessons. I can continue to develop these qualities and build upon these lessons as I go forward with my university goals and the desire I have to enter the healthcare profession as a nurse. I am able to look beyond the exciting, glamorous parts of both and see that there will be lots of hard work and difficulty. I am ready to face those challenges and do my best and give my all.
I’m a student at Tompkins Cortland Community College this is my first semester as a college student. I plan to go to college for four years and only be at TC3 for this one semester, then transfer to a four year school. College has grown around the world more than ever and more people are attending college more than ever. I have chosen to go to college because of the rewards after graduation. Yes it is another four years of school but by getting more education and an extended degree gives me more opportunities for better jobs and more money. The career I have chosen to study is business administration. I am hoping that it takes me to a great job managing a company or possibly being an accountant.
REFLECTING ON MY EXPERIENCES WITH MY INTERNSHIP AT CENIFE AND MY ENCOUNTER WITH ETHNOGRAPHY AND MY EXPERIENCE WITH EXPLORING THE DOMINICAN REPUBLIC My internship with CENIFE was definitely a life changing experience. My primary task in the organization was to assist this organization with specific tasks, such as working one-on-one with the students that attend school at CENIFE, and doing some information gathering work to gain information on the CENIFE students’ families so this organization can better care for each of the student’s/kid’s family units and cater to each student’s specific academic needs. I went to this Dominican program with a contingent of students from Rutgers University, who were all participating in the course ‘Research
According to the conceptual framework, the potential users of financial statements are investors, creditors, suppliers, employees, customers, governments and agencies, and the general public (Financial Accounting Standards Board, 2006). The primary users are investors, creditors, and those who advise them. It goes on to define the criteria that make up each potential user, as well as, the limitations of financial reporting. The FASB explicitly states that financial reporting is “but one source of information needed by those who make investment, credit, and similar resource allocation decisions. Users also need to consider pertinent information from other sources, and be aware of the characteristics and limitations of the information in them” (Financial Accounting Standards Board, 2006). With this in mind, it is still particularly difficult to determine whom the financials should be catered towards and what level of prudence is necessary for quality judgment.
We focus on providing excellent customer service and reducing wait time for resolving customers issues. The Internship Position 3. What methods/resources did you use to find this internship? I started working at Penn State University as a lab consultant in 2013.
It is almost the end of year so that I would like to take a moment that what kind of year it has been to me. I remember the begging of this year I was so excited to do new challenge. The end of 2016, I decided to do the internship related with New York Fashion Week. I know that fashion is not related to my major, Global Studies. The reasons why I decided to do was because I was thinking to change my major to Fashion major or take Fashion Communication as minors when I get into The New School.
Before the internship, I thought judges were of course humans, but I was hoping they were nice. I thought it was going to be a bit intimidating, but I knew I looked up and aspired their profession. It was like the day I was going to meet my judge I was so nervous, yet I looked forward to it. I remember I was surprised different Judges would run their courtrooms differently. I thought they would kind of have a similar system for things, which they sort of do, but not completely. Generally speaking, the Judges are great individuals and are very unique. Most of the Judges have lived pretty interesting lives and seem to enjoy their jobs. The Judges seem to be very knowledgeable, and very considerate of the Jury, court reporters, and their clerks. The judges of course seem neutral when in front of the jury as expected. For example, Judge Lippitt, does not allow anytime to speak over each other in her court room she is always saying that they have to be respectful there is a human being recording this, referring to the court reporter. Then, she is very considerate of the Jury and their time, she will tell them the trial is longer at times to make them happy if it ends early. Further, Judge Lippitt really cares about the jury instructions and that they are as neutral as possible. Something I have learned from Judge Lippitt, is that you have to be very careful as a judge to notice when attorney’s are acting a little suspicious. Another very significant lesson I have learned from Judge Lippitt is that preparedness and awareness is really important.
My internship experience this semester was interesting. I interned at ESH/MESH with Bridgeway. My Supervisor was Emilie Banz. I didn’t do much but I did learn a lot from this experience. I met a lot of great people and watch PsyR in action. I met a couple of individuals who were really cool. My experience this semester has prepared me for the next.
The quarter has finally come to an end, and with that, I close out my internship and this class that went along with it. It was a great experience and I leave equipped with a new set of skills that are preparing me for the world ahead. As I write this reflection paper, I think back to the very first week when I set up two goals for myself to focus on and hope to achieve throughout the following weeks. My first goal was to develop a better understanding of myself within the work place, and my second was to develop a strong network to jumpstart my career. Both of my goals were achieved, however, I don’t feel that either of my goals will ever be complete. I believe that you can always formulate a better understanding of yourself, and you can always network to develop a stronger tree of connections. I know for a fact, however, that I reached satisfaction with both of my goals at this internship at MKI and know whole-heartedly that I did everything in my power to exhaust my resources in