Tyler is an Accountant and a Senior Manager at Blue & Co., LLC, a Midwest-based financial services firm. Tyler not only explains his job functions as a manager, but also the step-by-step audit process that entry-level job seekers can expect to see the first day on the job.
Transcript
My name is Tyler, I am an accountant for a public accounting firm located in Indianapolis. It's a regional firm with offices in Indiana, Ohio, and Kentucky. So I work on the audit side of our firm. We have different clients. Primarily, my client bases are healthcare, not-for-profit organizations, and we will go in and perform audit services. Largely, they're required to have audits done by the government, or the state, or certain banks or lenders. So we'll go in, do some accounting work for them, help them out if they need it, and basically audit their GL system or their books, for lack of a better term. So there's two parts to the audit that we do. The first part's the planning stage, or what we call interim procedure. So we'll go out, say, for a hospital for instance. We'll go out for about a week, three that five days, and this is when we do a lot of the planning that we perform. So we get an idea of kind of how their year was, what hurdles or what obstacles maybe they had to overcome. We'll also do some testing of internal controls. The typical what looks odd through some of their items. And then we'll do some analysis on their GL, just so we get an idea and we can kind of further explain or anticipate what we're looking for in the future. So we'll do that a couple, maybe a month or so before we go out the second time. And the second time, we will go out, like I said, between a week or two weeks, just depending on the size of the client. And this is when we start to look at does everything reconcile to what it should be? Are there any things that don't look appropriate based on what we thought during the first part of the time that we spent out there? And if you just graduate, so if you're basically brand new staff member, you're gonna do some of the easier sections that there isn't necessarily a lot of risk associate with. You're still getting comfortable with the process so you still might not kinda have the mindset of somebody that's been there a little bit longer. So you'll do some easier sections. There's a lot of questions involved when somebody first starts. So you'll be asking a lot of questions from somebody that's been there a little bit longer, like a senior accountant or a manager. So that's basically the initial phase of the first real year or two that someone would be doing when they start.
Download transcript