This document summarizes an internship presentation about an internship at ECOVIS R. Kabra Corporate Advisors Ltd. It provides information about the company, objectives of the internship, methodology, audit processes and procedures in India, audit procedures followed by the firm for new and existing clients, main tasks completed during audits of various companies including vouching, verification of tax filings, and preparation of reports, and conclusions about learning experience.

1. INTERNSHIP
PRESENTATION

2. SUMMER INTERNSHIP PROJECT
Presented By -
Sunita Jaiswar
A70004616002
BCOM1602
(2016-19)
O
NAudit procedures of
‘ECOVIS R. Kabra Corporate Advisors
Ltd.’UNDER THE GUIDANCE OF
Dr. Janaki Naik

3. About the
Company
 ECOVIS R. Kabra Corporate Advisors Ltd.
 Founded on Year 1974
 Services Provided -
 Audit and Assurance
 Accounting
 Corporate Finance
 Financial Communications
 International Tax Advisory
 Marketing Development

4. Objectives
 To have an overall idea about the Audit Procedures of ECOVIS R. Kabra & Co. (Chartered
Accountants).
 To gain practical knowledge and experience on how the firm conducts an audit and how audit work
is conducted in Bank and Companies.
 To identify about how to accumulate and process supportive documents to make an audit report.

5. Methodology
 The present study has been made on the basis of both primary and secondary data.
 Throughout the internship period I worked in Audit Department and earned experience.
 By working as a member of this department, I had opportunity to learn and gather knowledge, to some
extent I had access to see company’s voucher, ledger, audit report and so forth. I communicated with
the employees and gathered the information.
 Sources of Information
 Primary sources information.
 Secondary sources information.

6. Audit process and procedures in
India

7. Audit procedures followed by firm
• Proposal letter to Client
• Acceptance by the client
• Meeting and Discussion with the Client
• Confirmation Letter.
NEW CLIENTS
• Willingness letter for reappointment
• Client sends appointment letter.
• Acceptance of Letter
EX-CLIENTS OR
CLIENTS FROM
LAST YEAR

8. Main Tasks
Nodus Ltd.
Vouching
Central Bank
of India
Concurrent
Audit
Corporation
Bank
Income
Seepage
Audit
Hooghly &
Industeel Ltd.
Statutory
Audit

9. Nodus Ltd.
Vouching of Receipts & Voucher
ROC compliance form No. 8, 11
TDS return have been filled or
not through verifying the challan.
Query Sheet & Remark Sheet

10. Central Bank of
India
Premises
Department
Details of
Centralized
Rent Report
Payment
Zone-wise.
List of
Properties
where Deeds
have not
been
Registered
Legal Section
Advances
Outstanding
more than
three months
Amount
Payables
more than Six
Months Old.
Security &
Transport
Section
Vouched
different files.
Calculated
GST rates
Final Report

11. Corporation Bank
Interest Calculation
on Accounts
Bank
Guarantees
Cheque
Charges
Service taxes
rate
Interest
Rates
Letter of
Credits
Corp
Schemes
Processing
Charges and
Fees
Calculated
Tax rates
Final Report

12. Hooghly & Industeel Ltd.
Vouching of
Purchase & Sales
Voucher
GST
calculation
on Purchase
& Sales
TDS
TCS
Declaration
(Form 27C)
Interest on
Unsecured
Loans, other
loans
Bank
Reconciliatio
n statement
Wages &
Bonuses of
Workers
Verification
of GSTR3,
Tax (CGST
and SGST)
Preparation of
Final
Statement
Working notes

13. Conclusions
A great opportunity to grow and develop.
Learnt extensively about Audits, the importance of audit.
Learn efficiently MS-Excel, got aware about many concepts such as Bank
Guarantees, Cheque Charges, Issuing charges, etc.
Enhanced my knowledge and skills as well as improved my professional
ability, to work in a multicultural environment.

14. Thank You !!!!