CHAPTER IINTRODUCTION

1.1 Background According to Law Number 20 of 2003 the function of national education is to develop the ability and also to increase the quality of life and the dignity of Indonesian people in relation to realization of the national objectives. Accordingly, the educational program of Faculty of the Economics and Business of the University of Brawijaya constructed International Undergraduate Program in Accounting which aimed to produce graduate who ;1. Have high competency in accounting and basic skils in research to develop accounting field2. Are able to implement accounting knowledge in the practice of accounting profession field and in providing service toward society3. Are able to behave professionally, ethically, and religiously One of the courses that should be taken to reach the objective is internship. Internship is compulsory subject for all Undergraduate Students of Accounting Department. The course requires students to do internship in a company or institution that is suitable with the specific field of study. In the end of this subject, students must make a report about their activities. Since there are huge differences between in class learning and site work learning, thus students will have many difficulties whenever they graduate from university without experience in working. Therefore students must join the internship program. Internship program is really helpful for students to give some basic introduction for working experience in their future. It also gives students ability to enhance their communication and teamwork skill. The internship must be done in a CPA Big Four. I choose Osman Bing Satrio and Eny (Deloitte Touche Tohmatsu Limited Inc, Indonesia) as my internship field.1.2 Objective The objective of the internship program is to improve students understanding on the chosen disciplines through additional knowledge, skills, and socialization ability. 1.3 Significancea) For Student Enhancing intellectual and emotional maturity Applying the theoretical knowledge obtained from the educational program in variety of real cases faced in the business world and the work environment Sharing knowledge between students and professional employees such as learn about PSAK, audit procedure, accounting and also can be corporation as a team.

b) For Osman Bing Satrio and Eny (Deloitte Touche Tohmatsu Limited) Efficiency of Human resources, as we know that CPA Big Four like Deloitte Indonesia needed so many professional employees to achieve their deadline target especially on peak season.c) For Economics and Business Faculty Expanding network of CPA Improving the relevance of the existing curriculum of International Program in Accounting Department with the business world and the fieldwork.

CHAPTER IIINTERNSHIP ACTIVITY (1) The author has an opportunity to conduct the internship in Deloitte Touche Tohmatsu Limited especially at Japanese Service Group (JSG). The internship period runs for five months, starting from December 2014 until April 2015. Since this report is written in the middle of the internship period, it might not be able to capture the whole internship experience that I would have obtained in the firm. However, this report is expected to capture the most important aspects of my internship so far.2.1 Company Profile Deloitte Touche Tohmatsu LTD (DTTL) is a world-wide network of professional firm that provides a wide range of financial service to client companies, including audit, tax consulting, and financial advisory. Deloitte South East Asia is a member firm of DTTL which operates in 12 countries/territories in Southeast Asia, and Deloitte Indonesia is a branch of Deloitte South East Asia.Deloitte Indonesia is represented by: Osman Bing Satrio & Eny (Registered Public Accountant) Deloitte Tax Solutions Tax PT Deloitte Konsultan Indonesia Financial Advisory and Enterprise Risk Services Osman Bing Satrio & Eny is one of the divisions of Deloitte Indonesia which specializes in audit and assurance services. As an accounting student, Author have internship with the audit division of the firm. Throughout this report, the firm will refer to Osman Bing Satrio & Eny, the particular audit division of the Deloitte Indonesia. The firm is divided into several large groups that specialize in audit with respect to the industry of their clients, such as consumer business and transportation, Japanese services group, financial services industries, manufacturing, and energy companies. The client companies of the firm include big companies that consist of both public and private companies in Indonesia. As a professional accounting firm, the company ensures that its staff have appropriate competence that are required in giving quality services. Thus, the company provides regular trainings for all of its staff in all level to ensure that their skills, both technical and organizational, are improving. Prior to my involvement in an engagement team, Author also given a one-week training as preparation before going to the client. During the author internship period in the firm, Author placed in the Japanese services group of the audit division of the firm. This group specializes in giving audit services to clients that are mostly an affiliate of Japanese companies.

2.2 Planning Internship Activity The Authors schedule is already prepared by secretary group. Every person who want to know he or she schedule is available on staff trak, is like internal services from Deloitte Touche Tohmatsu Services, Inc. it self to scheduling every employee. The authors schedule as below Picture 2.1 Author Schedule

As we know that Author starting the period of internship since 1st December 2014 until 30th April 2015 based on agreement, but the author starting conduct the Audit process on January 12nd 2014 because Deloitte Touche Tohmatsu Limited has a required that new hire employee must finished the e-learning process and new hire training. All those activity starting on 2nd December until 30th December 2014 .

Picture 2.2 E-Learning History

For New Hire Training conducting on December 15th until 26th 2014. Detailed activity on training new hire as below

2.3 Schedule for New Hire Training

CHAPTER IIIINTERNSHIP ACTIVITY (2)

3.1 PT. TOYO INK INDONESIA PT Toyo Ink Indonesia placed at Greenland International Industrial Center (GIIC), Block AB No.03. Desa Nagasari, Serang, Bekasi 17330, Indonesia Phone Number 62-21-5055-4680 Fax: 62-21-5055-4679. The company background or profile you can access in here www.toyoinkgroup.com The job desk of author is must documentation five account here, a. Account Payableb. Accrued Expensec. Tax Payabled. Prepaid Taxe. Confirmation Control3.1.1 Account Payable (AP) A liability to a creditor, carried on open account, usually for purchases of goods and services. When a company orders and receives goods (or services) in advance of paying for them, we say that the company is purchasing the goodson accountoron credit. The supplier (or vendor) of the goods on credit is also referred to as a creditor. If the company receiving the goods does not sign a promissory note, the vendor's bill or invoice will be recorded by the company in its liability account Accounts Payable (or Trade Payables). In auditing accounts payable and other liabilities, it is important for the auditors to remember that an understatement of liabilities will exaggerate the financial strength of a company in the same way as an overstatement of assets. Therefore, the auditors' substantive procedures primarily focus on the objective of determining the completeness of recorded amounts. A number of these procedures involve inspecting documents related to transactions occurring during the subsequent period to determine whether these items should have been recorded as liabilities at year-end. The audit procedures of Account Payable are; First and must is conducting the confirmation procedure, usually auditor making a request letter to vendor about the total amount payable of client. After that the auditor can make a confirmation control (its related with confirmation control section) confirmation here is comparing amount total of client recorded and amount of confirmation from vendor. Request listing Account Payable which is still outstanding on audit period. Some company usually divided the listing into two or more categorize. Such as Account Payable affiliated party, Account Payable Others, Account Payable Trading and etc. Make a testing (Auditor Testing) its mean that auditor should recalculate again the total amount of payable and then make a control for every recalculation or compare with client recalculation Do a tie up balance for every listing. Tie up balance in here has a meaning that auditor must comparing the amount of recalculation listing with amount of account payable on Trial Balance (TB) Make a Pivot of Account Payable listing, the purpose of this procedure is to make easier knowing the amount of payable for each vendor. Also make a recalculation of term payment from listing AP the purpose is to know the AP outstanding and AP expired or not yet Make an Aging Schedule the purpose of this procedure is can help the auditor to know their already paying their payable or not. If there is the payable over due date (expired date) its can be the company cant managing their cash flow very well. Open Invoice and Debit Side procedures, the purpose of procedure is make sure all the AP transaction which is still outstanding until the audit period. Open invoice procedure starting with request all the invoice usually including with BL ( Bill of Date). The purpose of debit side is make sure all payment to vendor its really happened. Usually auditor must request the vendors bank statement. After that the auditor must checking the completeness and accuracy of their transactions. Make an overall analytical about increasing and decreasing every element of payable and explain how those happened.

3.1.2 Accrued Expense The nature of account from accrued expenses is represent obligations payable for services received before the balance sheet date that will be paid in the subsequent period. Examples include accrued warranty liabilities, accrued payroll, and accrued pension liabilities. The substantive procedures to audit these liabilities generally include inspection of documents, recomputation, and analytical procedures. The transaction of accrued expense in every company absolutely different, since these transactions depend on they needed. The procedure audit of Accrued Expenses are ; Request for their accrued expenses listing and then the auditor must comparing with TB amount, request the detailed information about accrued (auditor must know how the accrued expenses recorded, auditor must asking about nature of account for every transactions and auditor must know the basic of transaction of their accrued expense) Make an overall analytical about increasing and decreasing every element of accrued expense and explain how those happened.

3.1.3 Tax Payable a) Tax Art 21 Tax Art 21 is tax on income in the form of salaries, wages, honoraria, allowances, and other payments received or accrued by an individual taxpayer in the country in connection with a job or position, services, and activities. The audit procedure of tax art 21 are : Requesting all document SSPCP (Surat Setor Pabean Cukai Pajak) documentation all amount such as gross income, and taxable income Auditor also should documentation the payment date and report date. It can be shown at Bukti Penereiman Surat. Make tie up balance procedure, comparing between listing amount and TB amount After that auditor must conducting the tie up DPP (Dasar Pengenaan Pajak) usually its depend on tax payable transaction. Usually for tax art 21 the tie up expense contribute with expense item such as COGS and OPEX Make a threshold calculation the purpose of these procedure is to known the materiality amount of tax art 21. For test of detail (TOD) it depend on company policy (some company usually cant give the detail about their employee salary, if there is company want to give detailed information about it usually their deleted some personal information such as name of employee and position) Chose sample using MUS (Materiality Sampling Unit) and then auditor can be documentation for test of detail about tax art 21. Auditor can compare between the client recalculation and auditor recalculation. Make an overall analytical about increasing and decreasing every element of Tax art 21 and explain how those happened.

b) Tax Art 23 Tax Art 23 is the tax levied on income derived from capital, delivery services, or prizes and awards, other than those already levied tax of Art 21. The audit procedure of tax art 23 are ; Requesting all document SSPCP (Surat Setor Pabean Cukai Pajak) documentation all amount such as gross income, and taxable income Auditor also should documentation the payment date and report date. It can be shown at Bukti Penereiman Surat. Make tie up balance procedure, comparing between listing amount and TB amount Make an overall analytical about increasing and decreasing every element of Tax art 23 and explain how those happened.

c) Tax Art 25 Individual Income Tax Article 25 (PPh Pasal 25) is a type of income tax that is paid monthly in a form of installments. The purpose of this tax is to lighten the tax burden of Taxpayers, remembering the tax owed must be settled within one year. The payment must be settled by the taxpayers themselves, and cannot be represented by anyone else.The audit procedure of tax art 25 are ; Requesting all document SSPCP (Surat Setor Pabean Cukai Pajak) documentation all amount such as gross income, and taxable income Auditor also should documentation the payment date and report date. It can be shown at Bukti Penereiman Surat. Make tie up balance procedure, comparing between listing amount and TB amount After that auditor must conducting the tie up DPP (Dasar Pengenaan Pajak) usually its depend on tax payable transaction. Make an overall analytical about increasing and decreasing every element of Tax art 25 individual and explain how those happened.

d) Tax Art 26 Income Tax Article 26 is imposed from Pengahsilan tax income derived from Indonesia received or accrued by the taxpayer (WP) in addition to foreign permanent establishment (PE) in Indonesia. Requesting all document SSPCP (Surat Setor Pabean Cukai Pajak) documentation all amount such as gross income, and taxable income Auditor also should documentation the payment date and report date. It can be shown at Bukti Penereiman Surat. Make tie up balance procedure, comparing between listing amount and TB amount After that auditor must conducting the tie up DPP (Dasar Pengenaan Pajak) usually its depend on tax payable transaction. Make an overall analytical about increasing and decreasing every element of Tax art 26 and explain how those happened.

e) Tax Art 4(2) Requesting all document SSPCP (Surat Setor Pabean Cukai Pajak) documentation all amount such as gross income, and taxable income Auditor also should documentation the payment date and report date. It can be shown at Bukti Penereiman Surat. Make tie up balance procedure, comparing between listing amount and TB amount After that auditor must conducting the tie up DPP (Dasar Pengenaan Pajak) usually its depend on tax payable transaction. Make an overall analytical about increasing and decreasing every element of Tax art 4(2) and explain how those happened.

3.1.4 Prepaid Taxa) VAT (Value Added Tax) Avalue-added tax(VAT) or alsogoods and services tax (GST)is a form ofconsumption tax. From the perspective of the buyer, it is a tax on the purchase price. From that of the seller, it is a tax only on thevalue addedto a product, material, or service, from an accounting point of view, by this stage of its manufacture or distribution. The manufacturer remits to the government the difference between these two amounts, and retains the rest for themselves to offset the taxes they had previously paid on the inputs. The purpose of VAT is to generate tax revenues to the government similar to the corporate income tax or the personal income tax. The value added to a product by or with a business is the sale price charged to its customer, minus the cost of materials and other taxable inputs. A VAT is like asales taxin that ultimately only the end consumer is taxed. It differs from the sales tax in that, with the latter, the tax is collected and remitted to the government only once, at the point of purchase by the end consumer. With the VAT, collections, remittances to the government, and credits for taxes already paid occur each time a business in the supply chain purchases products. The audit procedures of VAT are; Requesting all document SSPCP (Surat Setor Pabean Cukai Pajak) documentation all amount such as gross income, and taxable income Auditor also should documentation the payment date and report date. It can be shown at Bukti Penereiman Surat. Make tie up balance procedure, comparing between listing amount and TB amount After that auditor must conducting the tie up DPP (Dasar Pengenaan Pajak) usually its depend on tax payable transaction. Usually for tax art VAT the tie up expense contribute with sales transactions. Make a threshold calculation the purpose of these procedure is to known the materiality amount of VAT. Make an overall analytical about increasing and decreasing every element of VAT and explain how those happened.

b) Tax Art 22 Tax Income Tax Article 22 is collected byi. Treasurers Central Government / Local Government, government institutions and other state institutions, with regard to payment for goods delivered;ii. Certain agencies, both governmental and private agencies with respect to activities in the field of import or other business activities. The object of collectors & Tax Article 221. Foreign Exchange Bank and the Directorate General of Customs and Excise (Excise), of the imported goods;2. Directorate General of Budget (DJA), Treasurer of the Central Government / Local Government make a payment for goods purchased;3. Enterprises who make purchases of goods with funds sourced from state spending (APBN) and / or shopping areas (budget);4. Bank Indonesia (BI), Bank Restructuring Agency (IBRA), National Logistics Agency (Bulog), PT. Telekomunikasi Indonesia (Telkom), PT. State Electricity Company (PLN), PT. Garuda Indonesia, Indosat, PT. Krakatau Steel, Pertamina and state-owned banks who make purchases of goods funded either from the state budget and from non state budget.5. Cement, white cigarette industry, paper industry, steel industry and automotive industry, which is appointed by the Head of the Tax Office, the sale of their products in the country.6. Pertamina and other business entities which are engaged in fuel type pertamax, pertamax plus and gas, the sale of their products.7. Manufacture and exporter of forestry, plantation, agriculture, and fisheries, which is appointed by the Head of the Tax Office, to purchase materials for industrial purposes or export them from middlemen. In that case PT Toyo Ink Indonesia suitable with import transaction (the bold one) so the audit procedure of Tax art 22 are ; Requesting all document SSPCP (Surat Setor Pabean Cukai Pajak) documentation all amount such as gross income, and taxable income Auditor also should documentation the payment date and report date. It can be shown at Bukti Penereiman Surat. Make tie up balance procedure, comparing between listing amount and TB amount After that auditor must conducting the tie up DPP (Dasar Pengenaan Pajak) usually its depend on tax payable transaction. Usually for tax art Tax Art 22 the tie up expense contributed with import transactions. Make an overall analytical about increasing and decreasing every element of Tax art 22 and explain how those happened.

3.1.5 Confirmation Control Confirmation control in here is a summarized of overall confirmation all accounts such as account payable, account receivable, sales, purchase, shares, paid in capital, actuary and etc. The auditor must documentation all replied even though the confirmation is negative. The audit procedure of confirmation control are ; Make a confirmation control format, documentation all element of those format such as confirmation amount, per book amount, send date, receive date, and the further explanation about every confirmation if needed. If there is negative confirmation, auditor should make alternative procedure. Alternative procedure is comparing the supporting document of related transactions with client recorded. And based on that procedure auditor already conduct the completeness and accuracy procedure of auditing process.

3.2 PT AICA INDONESIA PT. AICA INDONESIA placed at Jl. Ir. H. Juanda 318 Bekasi 17113, Indonesia. Phone number +62-815 1434 4941 Fax +62-21 880 2807. The company background or profile you can access at www.aica.co.id. The job desk of author is must documentation ten account here, a) Test Journal Entriesb) Prepaid Expensec) Advance Paymentd) Other Assetse) Accrued Expensef) Equityg) Operating Expense (OPEX)h) Net Operating Income and Net Operating Expensei) Test of Detail Factory Overhead j) Confirmation Control

3.2.1 Test Journal Entries (TJE) Given the ability of journal entries to efficie ntly undermine a financial statement audit, journal entry testing has become a requirement for external auditors. Proactive audit committees and internal audit departments can also benefit from the guidance provided in GAAS. Statement of Auditing Standard (SAS) no. 99,Consideration of Fraud in a Financial Statement Audit,states the auditor should design procedures to test the appropriateness of journal entries recorded in the general ledger and other adjustments. More specifically, SAS no. 99 requires the auditor, in all audits, to (a) obtain an understanding of the entitys financial reporting process and controls over journal entries and other adjustments; (b) identify and select journal entries and other adjustments for testing; (c) determine the timing of the testing; and (d) inquire of individuals involved in the financial reporting process about inappropriate or unusual activity relating to the processing of journal entries or other adjustments. The audit procedure are; Documentation of financial reporting process related to journal entries and other adjustments Inquiry of management Identified risk Test of control activities related to initiating, recording, and processing journal entries entered in the general ledger Test of control activities related to recurring and nonrecurring entries recorded directly to financial statements Deficiencies in internal control Update of conclusions at period end for test of control activities performed at interim dates. Note: Since there is restricted related to company policy about the procedure this transaction so author cant explain further. 3.2.2 Prepaid Expense A prepaid expense is an expenditure paid for in one accounting period, but for which the underlying asset will not be consumed until a future period. When the asset is eventually consumed, it is charged to expense. If consumed over multiple periods, there may be a series of corresponding charges to expense.The audit procedure of prepaid expense are; Request listing related to prepaid such as insurance for vehicle, insurance for factory, insurance mess rent, and etc. Tie up beginning balance and ending balance, comparing the total amount of beginning and ending with TB amount Auditor should recalculate again prepaid expenses with amortization and prepaid outstanding until audit period. Test of total expense, test of total in here means that auditor should investigate the total of listing comparing with the total of clients general ledger. Make a threshold calculation to known the materiality of prepaid expense After auditor recalculate all that above auditor must doing sum insured procedure. The purpose of this procedure is to ensure the sum insured already covered enough to Company's assets. Make an overall analytical about increasing and decreasing every element of prepaid expense and explain how those happened.3.2.3 Advance Payment Any type of payment that is made ahead of its normal schedule, such as ; paying for a good or service before buyer actually receive the good or service. Advance payments are sometimes required by sellers as protection against non-payment. The audit procedure of advance payment are ; Request advance payment listing to client, after that make a tie up balance between the amount of listing and TB amount After that auditor should conduct the test of detail procedure (TOD) its mean that auditor must investigate the transaction of advance payment. Checking whether the clients term of payment different with agreement or whether there is transaction cant categorize as advance payment. Investigate also when the good arrived at warehouse (usually if the good arrived during the audit period it cant be classified as advance) Make an overall analytical about increasing and decreasing every element of advance payment and explain how those happened.

3.2.4 Other Asset Other assetsare a grouping ofaccountsthat are listed as a separate line item in theassetssection of thebalance sheet, and which contain minor assets that do not naturally fit into any of the main asset categories. Other assets usually long term assets other asset also cant classifie as investments, property, plant, equipment, or intangible assets. The audit procedure of other asset are ;

In this case the other asset of company are application program like oracle system, employee loan, and office supply ( it can be depend on every company how they are categorize their other asset transactions) Request listing of other asset item make a recalculation again to make sure the companys recorded Conduct tie up balance beginning and ending procedure Since the auditor must investigate further on companys other asset so auditor also documentation the agreement of application system (oracle) when the company get the annual maintenance, when the schedule of implementation system, and etc. Make an overall analytical about increasing and decreasing every element of other assets and explain how those happened.

3.2.5 Accrued Expense The nature of account from accrued expenses is represent obligations payable for services received before the balance sheet date that will be paid in the subsequent period. Examples include accrued warranty liabilities, accrued payroll, and accrued pension liabilities. The substantive procedures to audit these liabilities generally include inspection of documents, recomputation, and analytical procedures. The transaction of accrued expense in every company absolutely different, since these transactions depend on they needed. The procedure audit of Accrued Expenses are ;- Request listing for their accrued expenses and then the auditor must comparing with TB amount, request the detailed information about accrued (auditor must know how the accrued expenses recorded, auditor must asking about nature of account for every transactions and auditor must know the basic of transaction of their accrued expense) Make an overall analytical about increasing and decreasing every element of accrued expense and explain how those happened.3.2.6 Equity Equity is the value of an ownership interest in property, including shareholders' equity in a business. Equity or shareholders equity is part of the total capital of a business. Audit procedures of equity are ; Inquiry with management about stock issued on audit period Documentation of Retained Earnings movement Inquiry with management about the board of management if any changes the board management member auditor should investigation the supporting document such as notarial deed or legal reporting of annual meeting Auditor also requesting the rule of dividend payment. When the dividend paid, how the disbursement, how many the percentage of every related parties Summarize the movement of capital stock, other comprehensive income, retained earnings and total equity between previous year and current year Make an overall analytical about increasing and decreasing every element of equity and explain how those happened.

3.2.7 Operating Expenses (OPEX) Anoperating expense,operating expenditure,operational expense,operational expenditureorOPEXis an ongoing cost for running a product,business, or system. Its counterpart, acapital expenditure(CAPEX), is the cost of developing or providing non-consumable parts for the product or system.The audit procedures of OPEX are ; Analyze the item of OPEX and then separate between test of detail (TOD) or test of total (TOT). Usually auditor can recognized every item with TOD or TOT is based on company environment and company recorded. And also the auditor team should discuss about that. Make a summary of total amount about TOD total and TOT total. Make a sample size calculation, and then auditor choose sample using monetary unit sampling (MUS). After that auditor conducted TOD based on picked sample by MUS. TOD in here must test the accuracy of every sample transaction and completeness of the document. TOD also investigated whether the transaction already vouched to original commercial invoice, delivery order, or another supporting document. Make sure the calculation is verified such as the foreign exchange rate already accordance with the company policy. Check whether payment voucher already approved by manager or senior accounting. Check the amount of supporting document agreed with ledger or not and whether the expense already recorded on proper period or not. And the last investigated about the amount in recorded already agree with invoice or not. Auditor also must conduct the TOD procedure on early and lately cut off OPEX. Using MUS again to pick a sample after that doing TOD procedure such as TOD OPEX before. Make an overall analytical about increasing and decreasing every element of operating expense and explain how those happened.

3.2.8 Other Income and Other Expense Other income is means that for a company that comes from anything other than its ordinary operations. Other income includes items such as interest from the company's bank accounts, profit from the sale of a fixed asset, foreign exchange and so forth. Other income is not recurring and, as a result, is not included in some calculations of profit or loss. Other Expense expenses or losses not related to primary business operations, such as foreign exchange. The audit procedures both are; Request listing of both transaction (income and expense other) conduct tie up procedure comparing amount of listing and TB amount Conducting audit procedure test of detail (TOD), for pick sample auditor using monetary unit sampling (MUS) after that doing TOD as usual. Investigated whether the transaction already vouched to original commercial invoice, delivery order, or another supporting document. Make sure the calculation is verified such as the foreign exchange rate already accordance with the company policy. Check whether payment voucher already approved by manager or senior accounting. Check the amount of supporting document agreed with ledger or not and whether the expense already recorded on proper period or not. And the last investigated about the amount in recorded already agree with invoice or not. Make an overall analytical about increasing and decreasing every element of other income and expense also explain how those happened.3.2.9 Test of Detail Factory Overhead (TOD FOH) Factory Overhead is the total cost involved in operating all production facilities of amanufacturing business. It generally applies to indirect labor and indirect cost, it also includes all costs involved in manufacturing with the exception of the cost of raw materials anddirect labor. Factoryoverheadalso includes certain costs such asquality assurancecosts, cleanup costs, and propertyinsurance premiums. The audit procedures of TOD FOH are; Analyze the overall item at cost of goods sold and then pick the item which is need to conducting further of TOD. After that conduct the tie up balance comparing between total amounts of TOD with the TB amount. Make a sample size calculation Pick sample with monetary unit sampling (MUS) after that auditor can conduct TOD procedure. Investigated whether the transaction already vouched to original commercial invoice, delivery order, or another supporting document. Make sure the calculation is verified such as the foreign exchange rate already accordance with the company policy. Check whether payment voucher already approved by manager or senior accounting. Check the amount of supporting document agreed with ledger or not and whether the expense already recorded on proper period or not. And the last investigated about the amount in recorded already agree with invoice or not. Make an overall analytical about increasing and decreasing every element of TOD FOH also explained how those happened.

3.2.10 Confirmation Control Confirmation control in here is a summarized of overall confirmation all accounts such as account payable, account receivable, sales, purchase, shares, paid in capital, actuary and etc. The auditor must documentation all replied even though the confirmation is negative. The audit procedure of confirmation control are ; Make a confirmation control format, documentation all element of those format such as confirmation amount, per book amount, send date, receive date, and the further explanation about every confirmation if needed. If there is negative confirmation, auditor should make alternative procedure. Alternative procedure is comparing the supporting document of related transactions with client recorded. And based on that procedure auditor already conduct the completeness and accuracy procedure of auditing process.

CHAPTER IVCONCLUSION AND SUGGESTION

4.1 Conclusion The internship period runs for five months, starting from December 2014 until April 2015. Since this report is written in the middle of the internship period, it might not be able to capture the whole internship experience that author would have obtained in the firm. However, this report is expected to capture the most important aspects of my internship so far. As a trainee, author responsibilities and functions are similar with those of Associate I. The difference between the two is that Trainee position is for staff that has not graduated yet, while Associate I are staff that has graduated with a minimum of Bachelor degree. The responsibility given to author during the internship is to assist the other engagement team members in performing audit procedures in the audit of the firms client. The audit procedures are being done to give assurance that companys financial statement is free from material misstatement. The overall responsibility given to the author as an audit trainee is being a part of an audit team that involves in a project of audit service for a client company of the firm. So far, I have been involved in two audit engagements from which Author have learned new knowledge, as well as technical and organizational skills. Through this report, author would like to share some of my valuable experiences from the internship. During the two months of interning, author found that the jobs and tasks given to author are quite the realization of what author learned in the university. Experiencing first-hand the work in the field of author study is a very valuable opportunity for author since it would be able to prepared to work after graduating from the university. While there are challenges that author have to overcome during work. This internship also teaches author a lot of new things that author would never have obtained in the university. This internship has allowed author to improve skill as student and prepared author to build author future career as in accounting field.4.2 Suggestion4.2.1 Students who want to have internship experience at CPA big Four especially at Deloitte Touche Tohmatsu Limited Inc, Must know about financial accounting well, auditing theory and auditing practice. Be able to operating the Microsoft office especially excel program4.2.2 For Deloitte Touche Tohmatsu Limited Inc, Author opinion about this company is so far so good. About their corporation between partner, manager, assistant manager, senior, and associate until trainee. The comfortable of work field also nice. Engagement audit team feel like brotherhood and sisterhood. Management time about our deadline can handle well even though the deadline pressure very high but it doesnt matter as well as the team can be collaboration and can be professional team.

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