22-UAF-047

WEEKLY REPORT 1
MAY 15 - MAY 20

15/05/23
MONDAY

▪ Being the first day, I was greeted by a senior member of the office who
introduced me to the office and provide an overview of the firm's
policies, procedures, and culture.
▪ Then I’ve been made to observe the process of preparing vouchers with
GST.
▪ I have prepared sales vouchers with GST of an interstate enterprise
which deals with blue metal business, in Tally Prime software.
▪ Throughout the day, I had the opportunities to ask questions, seek
clarifications, and discuss any uncertainties regarding the firm's
processes, procedures.
▪ So the day was a combination of orientation activities, introductions to
the team, and initial training.
16/05/23
TUESDAY
▪ Mentor gave me an idea on GSTR-1, its eligibility and rules.

▪ Then I was given a purchase record of a private intrastate enterprise

which deals with the hardware, to prepare the purchase vouchers with
GST rates in Tally Prime.

▪ Learnt how Purchase vouchers in Tally Prime capture essential

information required for tax compliance.

▪ And also assisted my fellow colleagues with petty tasks.

17/05/2023
WEDNESDAY

▪ The previous night I was informed that ill be assisting the Audit team, so
I went to the office as early as I could and we went to Ratna packaging
pvt ltd unit 3, a private packaging limited located at Hosur.

▪ I have assisted the audit team of 4 people. As I was a trainee, they have
explained all the information to be observed and reviewed.

▪ I was given the purchase bills which included both interstate and
intrastate companies of the month of December’22 and January’23 of the
limited and reviewed it for the remaining day. Since it was a packaging
limited it contained reports of imports too which I have reviewed for the
respective months. And we called it a day.

▪ The audit will be resumed next day where Cash, TDS to be reviewed.

18/05/2023
THURSDAY
▪ On our second day of audit, we firstly verified the physical cash of the
limited whether it matches the closing cash balance from the month of
Dec ’22 till today.

▪ Then we continued the previous day’s work of reviewing TDS. I have

reviewed the TDS for the month of January ’23 where exchange rate, TDS
percentage, TDS amount are to be verified.

▪ Post lunch, we had an industrial visit where I gained insights into the
various stages of the packaging manufacturing process, such as
designing, material selection, printing, cutting, folding, and assembly.
Understanding these processes helped me to know the complexity and
precision involved in packaging production.

▪ Overall, me assisting the audit team for past days 2 days had been very
productive.
▪ I was informed that ill be assisting them in audit of other unit of same
limited during the weekend.
19/05/2023
FRIDAY
▪ As I was asked to assist in audit for other unit, I went with the team early
to the unit and I started reviewing the bills of purchase, TDS for the
month of January ’23 and verified finally the physical cash.

▪ This time I reviewed the bills without any assistance of colleagues.

Since it was a small unit, it only took half day to review all the files.

▪ Post lunch we had an industrial visit and called it a day early.

16/05/2025
SATURDAY

▪ As one whole week of my intern flew by, I was asked to show the reports
to my mentor and I briefed whatever I’ve learnt in that 6 day period, how
useful it is.

▪ As my mentor had his own works, he has given me the actual purchase
invoices of a intrastate medical pharmacy and asked me to record the
purchases and services in Tally prime, for the rest of the day. I’ve
recorded around 180 invoices and called it a day early.
SUMMARY
▪ As an audit intern, my week involved various activities and
experiences related to the audit process.
▪ At the beginning of the week, I received an orientation to familiarize
myself with the company's procedures, and the audit team.
▪ I had undergone training sessions on software tools [Tally prime] and
relevant accounting standards. During the week, I had involved in the
fieldwork phase of the audit.
▪ I had worked on specific audit areas under the guidance of senior
auditors. I had assisted in preparing and organizing audit workpapers.

Overall, as an audit intern, this week provided me a valuable exposure to

the audit process and professional opportunities. I had actively engaged in
the tasks assigned, sought the guidance when needed, and the most
productive thing was that I had practiced an actual audit.

MENTOR SIGNATURE TRAINEE SIGNATURE

(DHARUN PB)