An analysis of external audit practices: a study based on internship experience at Hasan Mohin, Chartered Accountants

Abstract

This report is based upon my internship Hasan Mohin, Chartered Accountants where I got some practical experience in various audit procedures performed by professional auditors. The aim of the internship was to bridge the gap between the academic knowledge and the real life auditing practices. During the internship, I have witnessed and participated in some of the audit stages such as evidence collection, vouching, verification and reporting. The firm is not only compliant with the International Standards on Auditing (ISA) but also the ethical guidelines of ICAB. The report makes people aware of the firm's commitment in maintaining the quality of audits, issues like lack of documentation, tight timeline, professional judgement, commitment during audit process etc. This experience helped me to understand auditing principles better and helped me improve my analytical, communication skills and problem-solving skills, as well as provide a valuable foundation for my future career in accounting and auditing.