The author of this article was hired within the audit firm of Deloitte Consulting in Neuilly sur Seine. The decision to integrate in the firm to start on the career had been motivated by several factors. First, the undeniable reputation of the firm, coupled with financial education imparted by the practice of the profession of an auditor, are a springboard for a career development, insofar as this experience is valuable in most sectors in finance. Also, proximity to a multitude of clients may be a way to create a web of beneficial relationships for future opportunities. The reasons that prompted the author to enter the Deloitte may be faced under a critical eye, and were the real contributions that were seen during the first missions.
To address this issue, this internship report is divided into three succinct parts: The first part attempts to present and describe the firm in which the mission takes place, and to describe the audit methodology implementation. The second part will focus on the conduct of the mission. This part attempts to describe and also analyze the various tasks assigned and a report of contributions and limits of the mission. The third part develops a subject met on two missions, namely the impairment of financial assets. After introducing the topic and explaining the reasons for this choice, it will analyze the doctrine concerning the accounting for impairment and accounting practices relating to its implementation.
In 1845 the founder of the original firm in London, William Deloitte, a descendant of a French family with a prestigious past, was a pioneer in the design of the profession of an accountant. He developed his cabinet when he joined in 1925 Charles E. Haskins and Sells in New York to form Deloitte Haskins & Sells (DHS). In 1899 Sir George Touche, also innovative in his ideas, established its London office. After merging with Bailey & Smart, it was then associated with PS Ross in 1958, becoming Touche Ross International (TRI). Finally, in Japan, Admiral Nobuzo Tohmatsu, became a chartered accountant at 57, founded the firm of Tohmatsu & Co, and quickly became number one in his country around 1968.
The year 1989 marks a turning point in the history of Deloitte Haskins & Sells and Touche Ross International with the announcement of the global merger of the twomajor audit firms and consulting. DHS and TRI, combined with Tohmatsu, gave birth to Deloitte Ross Tohmatsu (DRT) which then took on the name of Deloitte Touche Tohmatsu (DTT). 2003 Deloitte & Touche, France, separated itself from business strategy consulting, organization and information systems. With this new organization refocused on the business of sales, Deloitte & Touche France was clearly a leader in quality and security of information and financial transactions.
Deloitte is a multi disciplinary network and one of four world leaders, which aims to provide its customers with value-added solutions that meet their needs at different stages of development. To do this, Deloitte is based on complementarity and interactivity of its different businesses: accounting and auditing, legal and tax, and transactions. Customers are present in all sectors of economic life by French and international companies. They are both multinationals and large companies and SMEs, government, associations, and local communities.
Tags: history of Deloitte ; Internship report of training course at Deloitte consulting; audit methodology implementation;
[...] It should be noted that there is a program of work section (lead) and the audit of SMEs is based on sections 15 "balance" and 14 sections "income statement." During my mission, there are three sections that I controlled regularly: capital receivables Availability I will define each of these sections and clarify their audit objectives, and then I will discuss the various procedures that are appropriate, and finally, I shall comment on the specifics that I encountered in these sections specifying the adjustments / reclassifications that the firm proposed .Capital Definition and objective audit Capital investments are intended to be used in a sustainable manner to the activity of the company and not consumed by the first use. Properties brought to the balance sheet are only goods whose company owns. Assets financed by leasing are therefore not capitalized. [...]
[...] As we have seen, are dominant in audit procedures and do not leave a large room for reflection. Indeed, the detailed work programs are designed so that the listener s do not lose time in useless research. Thus, he meticulously follows its program of work, which leaves little room for individual initiative. However, this job requires a minimum of criticism .2.A profession whose practice is difficult This point depends exclusively on the client company. In fact, in some companies, accountants do not cooperate and it is particularly difficult to obtain the information necessary for the proper conduct of the mission. [...]
[...] Record of the year: It is he who embodies the checks carried out by the auditors on the balance sheet and income statement. There are worksheets, tests, supporting documents made . A worksheet is broken down as Deloitte: {3}Goals:{/3} Work done Result Conclusion (validation or not post). So that each person controlling the work can quickly find the information sought, the worksheets are "cross referenced”. The "cross-referencing" is a technique that consists in numbering each sheet depending on its location. These must also be signed and dated by the person who performed the work and that which has reviewed. [...]
[...] It is calculated from estimates of future economic benefits. In the majority of cases, it is determined based on expected cash flows. If they are not relevant to the entity, other criteria must be used to assess the expected future benefits (eg potential services) By defining the current value, Opinion No. 2002-07 has overcome the lack of precision of the old rules. However, this notice does not specify the method of calculation of flow with respect to the value in use. [...]
[...] ) Apart from some special cases (social housing, non-profit organization,), employees are not grouped in teams dedicated to a particular sector. Thus, the department offers the opportunity to meet with companies from varied sectors, where the wealth of a mission obtained within the department SGM Other appraisals or other business audit (AMA) Within the business expertise and audit various expertise's have been developed to meet specific expectations, or in support of the audits, either as stand-alone offering, and in accordance with the rules of independence necessary to the job of auditor. [...]
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