Careers at Topel Forman
Winter 2021 Audit Internship – Chicago
The internship will include training on the preparation of audit workpapers, audit programs, and financial statements in accordance with Generally Accepted Accounting Principles. Additionally, the internship provides training on the preparation of individual tax returns, tax workpaper documentation, and referencing with the supervision of seniors, managers, and partners. They will learn how to utilize various audit and tax software (i.e., Advance Flow, Go system, Go Fileroom, Checkpoint RS, etc.). This is a full-time position. Some flexibility in hours is allowed, but the intern must be available during the “core” work hours of 9 am to 4 pm and must work 35 hours each week to maintain full-time status. After the internship, interns will understand several different aspects of accounting that will provide a good foundation for future opportunities.
Audit (2/3 of internship)
- Responsible for auditing select areas of a client balance sheet and income statement
- Preparation of client assistance requests, and appropriate follow-up and evaluation
- Assist with or prepare financial statements and other related reports
- Apply the pronouncements of the Financial Accounting Standards Board and the AICPA
- Meet client deadlines for preparation of reports
- Understand and utilize TF’s audit methodology
- Regular client site travel
Tax (1/3 of internship)
- Prepare a variety of tax returns, which may include: individual, corporate, partnership, trust, gift tax, and not-for-profit tax returns to meet government requirements and client expectations
- Prepare individual tax projections to ensure proper tax planning for the client
- Maintain a working knowledge of individual tax laws
- Respond orally and in writing to tax inquiries from various sources including government agencies and clients
- Maintain working knowledge of tax preparation software used in the office
- Perform other accounting duties as necessary to meet the responsibilities of the position and client expectations
- Identifies and communicates tax and accounting issues to senior associates, managers, and partners
- Demonstrates flexibility in prioritizing and completing tasks
- Proactively seek guidance, clarification, and feedback
- Learn about the firm – get to know partners/managers, services provided, specialties of individuals, key clients, and industries served
- Build communication skills: practice business writing (clear workpapers and emails), working with other professionals, and feeling comfortable in business situations
Required Education and Experience
Energetic, team-oriented applicants should be an accounting major proficient in Microsoft Office applications. Attention to detail, the ability to multi-task and communicate effectively are all essential to this position.
Our winter internship is a full-time internship that will begin in January and concluded at the end of April.
The time commitment to start will be 35 hours but will increase beginning in March to a 55 hour per week minimum, including evenings and one day of the weekend. We strongly encourage our interns to take the semester off from school. However, if you must take classes, we recommend no more than 1 or 2 classes during your internship to ensure both your success in the internship and your schoolwork does not suffer.