Intern Name: Madeline Beard
Major(s): Accounting, Economics
Title/Place of Internship: Financial Services Audit Intern, PwC (PricewaterhouseCoopers)
How did you find out about your internship/fellowship/etc.?
Since freshman year, I have been attending the CPA squared and Number's Night events regularly as well as signing up for every event/ case competition that each of the Big 4 firms offered. In addition, I attended the summer programs for a variety of firms to find out whether I preferred small, mid-sized, or larger companies. Through the summer programs, I learned about different internship opportunities and ultimately applied for PwC's internship on Handshake.
What were your responsibilities at your internship/fellowship/etc.?
My day-to-day tasks varied based upon which client site I was at. I was a financial services audit intern this summer meaning, that I audited banks & insurance agencies. I did a variety of EGA's (Evidence Gathering Activities) - essentially Excel documents with different controls or tests we needed to run. I ran controls on whether the accounts opened up were actually real, I did a lot of work in the planning and completion phases of the audit where I filled out informative documents about the company. Last, i got the opportunity to fill out many tax maps that essentially take the work of the Tax team and put it in visual form.
What was the most beneficial aspect of your experience?
The most beneficial aspect of my experience was definitely the people. I loved the teams I worked on and the fellow interns I worked with. I learned a lot about the firm and audit as a whole and even got to shadow partners in their day-to-day tasks.
What was the most surprising thing you experienced or learned during your internship/fellowship/etc.?
The most surprising thing I experienced was how willing people are to help you. I came into my internship hesitant to ask many questions in fear it might distract my co-workers but from the beginning they stressed how important it is to ask questions and that they expect you to. In addition, I never expected I would learn as much as I did about Audit during my internship. From the beginning they stress that they will treat you the same as a first year associate, and interns will be in charge of many of the same EGAs as first years.
How can you apply what you experienced at your internship/fellowship/etc. in the future?
Everything that I learned during my internship will be applicable in my future career. From the professional and personal skills I gained to the auditing skills learned, they all are beneficial skills that will help in the long run.
What advice would you offer to future students interested in this experience?
Never be afraid to put yourself out there and start building your network.