College of Administration and Finance SciencesForm No 4- Internship Report Cover Page
Student`s name:
Haya Ahmed Al-ateeq
Student`s ID #:
180114968
Training Organization: Baker Tilly
Trainee Department: Audit
Field Instructor Name: Ehsan Al Ajlouni
Field Instructor Signature:
Course Title: ACCT 403
CRN: 30513
Internship Start Date: 12/3/2023
Internship End Date: 4/5/2023
Academic Year/Semester:
For Instructor’s Use only
Instructor’s Name:
Total Training Hours /280
Students’ Grade: Marks Obtained /30
Level of Marks: High/Middle/Low
College of Administration and Finance Sciences
Final Report
College of Administration and Finance Sciences
Index
A Brief Executive Summary of the Internship
Acknowledgment
Introduction
Chapter 1: Description of the company
Chapter 2: Internship activities
Chapter 3: Recommendations
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Executive Summary of the Internship
Baker Tilly International is a well-recognized accounting and advisory company that has gained
popularity by striving to provide professional services globally with its headquarters in London,
United Kingdom. Some of the services that the company offers include but are not limited to audit,
tax, consulting, and financial advisory. The company is well known for its client-centric approach
to doing business, which has helped the company build a strong bond with its clients, increasing
trust and collaboration. It is for this reason; the company has gained experience in tailoring
solutions to their clients thus helping them achieve sustainable growth despite the dynamism of
the business environment.
During my internship at Baker Tilly, Jeddah Branch I had the opportunity to work on various
activities which has helped me with practical experiences and a much deeper understanding of the
field. Here is a summary of the major activities that I was involved in:
• In the accounting department, I was able to learn about financial statement analysis where I
was tasked to review the financial records for clients and identify any trend that could impact
their business. In addition, through this analysis, it was easier to evaluate the financial status
of the company and provide valuable insight to the clients for a better decision-making process.
• I also had the privilege of working with the audit team and assisting in conducting substantive
testing, verification of financial records, and assessing the internal controls of the client’s
company. This helped me gain a deeper understanding as far as risk management practices are
concerned which helped in the identification of ways to mitigate risk which a company could
face.
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• As far as compliance and regulatory research are concerned, I can attest that I have a better
understanding of accounting standards and regulations I had the privilege of putting them to
task when dealing with one of the company’s clients which helped me stay up-to-date with any
changes that happen in accounting practices.
• Overall, the company has continued to emphasize continuous learning and professional
development which through my internship period I have expanded my knowledge and refined
my skills as far as accounting and audit fields are concerned.
Acknowledgment
I want to use this time to convey my heartfelt thanks and appreciation to everyone who has helped
and mentored me during my training adventure. Their outstanding help and mentoring were critical
to my career advancement and the successful accomplishment of my internship.
First and foremost, I want to thank Nouf Yassin, my field teacher, for their constant support and
assistance throughout my internship. Their knowledge, compassion, and desire to share their skills
have all contributed to my better grasp of auditing and accounting areas. I am extremely
appreciative of their insightful comments and the opportunity they offered for me to learn and
improve. I also want to express my deepest gratitude to Dr. Eid Al-otaibi, my academic supervisor,
for their constant support and advice. Their subject area knowledge, as well as quick comments
and coaching, were vital in molding my learning experience and assuring the quality of my work.
Their commitment to my development has been incredibly encouraging.
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In addition, I want to recognize and thank my colleagues and coworkers at Baker Tilly. Their
encouragement, teamwork, and desire to share their knowledge and experiences have resulted in a
good and rewarding work atmosphere. I am appreciative of the information and camaraderie we
shared, which enhanced my internship experience.
Thank you all once again for your unwavering support and belief in my abilities.
Sincerely,
Haya Alateeq
College of Administration and Finance Sciences
Introduction
This internship report takes an in-depth look at my educational experience at Baker Tilly. The
purpose of this report is to highlight the important activities, tasks, and projects I completed during
my internship and to reflect on the information and abilities I gained throughout the program.
The internship was a key achievement in my professional and educational path, providing a
wonderful opportunity for transferring classroom theory to real-world settings. I hoped to obtain
practical experience, improve my talents, and gain a deeper grasp of the industry’s processes by
allowing myself in the practical components of the accounting and audit field. The major goal of
this report is to describe and assess my internship skills, providing insight into the activities and
responsibilities that were allocated to me throughout the training time. This report seeks to offer
an accurate and thorough overview of my learning experience by outlining the significant
activities, initiatives, and obstacles encountered.
Furthermore, this report aims to reflect on the gained information and abilities, assessing their
validity and appropriateness to the field of audit and risk management. Its purpose is to determine
how well the internship experience corresponded with the school’s academic program and the
defined learning goals established at the start of the internship. In addition, the report attempts to
provide perceptions and suggestions derived from the internship experience, indicating areas for
progress and potential future prospects.
College of Administration and Finance Sciences
It also acts as a venue for expressing thanks and acknowledging the persons and entities that
contributed to the internship’s success. Overall, my internship report gives a thorough review of
my training experience, covering the tasks completed, the goals met, and the lessons acquired. The
study intends to contribute to a greater understanding of the practical applications of the
information and skills learned in the academic context, as well as the problems and possibilities
inherent in the audit and risk management area, by thoroughly evaluating the internship
experience.
Chapter 1: Description of the company
Baker Tilly International is a global leader in independent accounting and business consulting
businesses. The network was created in 1988 and has expanded to include member businesses in
over 145 countries, making it one of the world’s largest accounting networks. Baker Tilly
International offers a comprehensive range of professional services to customers worldwide,
including audit, tax, and consulting services. The network’s member businesses operate
independently and are linked by a common goal to providing great customer care while upholding
the highest professional standards. Baker Tilly worldwide member firms are able to deliver
comprehensive, seamless solutions to customers with worldwide business interests by partnering
and sharing experience.
Mailing Address: Baker Tilly International Ltd. 2 Bloomsbury Street London WC1B 3ST United
Kingdom
College of Administration and Finance Sciences
Relevant Weblinks:
•
Official Website: https://www.bakertilly.global/
•
Contact Us Page: https://www.bakertilly.global/contact-us
•
About Us Page: https://www.bakertilly.global/about-us
Ownership Type
Baker Tilly International is an association of independent member companies, and hence the
ownership structure differs for every member company. Baker Tilly International Ltd., the
organization, does not have conventional governance. Instead, it acts as a forum for cooperation,
information sharing, and the dissemination of efficient procedures among its member businesses.
Each Baker Tilly International membership firm is an independent legal entity with its own set of
local laws, restrictions, and structures of ownership. These member businesses preserve their
independence in terms of operations, interactions with customers, and financial management. They
maintain ownership of their separate businesses and are solely accountable for their profits and
business decisions. Individual member company ownership can take numerous forms depending
on the jurisdiction and local rules. Member firms may function as partnerships in some situations,
with ownership retained by partners inside the business. Other member businesses may be
organized as corporations, with shareholders owning stock. The particular ownership allocation
and structure might differ from one business to the next. Baker Tilly International may provide
worldwide reach while keeping local experience and awareness of regional markets due to the
diversity of ownership arrangements among member companies.
College of Administration and Finance Sciences
It enables member enterprises to adapt to local market conditions and laws while reaping the
benefits of network collaboration. Baker Tilly International is an association of independent
member businesses that promotes common principles, professional standards, and collaboration.
The network structure lets member companies retain their unique ownership and operational
independence while benefiting from the Baker Tilly International network’s aggregate resources,
knowledge, and worldwide presence.
Sector of Operation
Baker Tilly International is a professional services firm that offers a comprehensive range of
accounting, audit, tax, and advisory services to customers in a variety of sectors. The professional
services industry includes a wide range of firms and organizations that provide clients with
specialist knowledge, skills, and support in areas such as finance, legal affairs, consulting, and
others. Baker Tilly International is a professional services firm that focuses on providing complete
financial and business solutions to address the particular demands and difficulties of its clients.
Manufacturing: Baker Tilly International assists manufacturers with cost control, logistics
enhancement, compliance with laws and regulations, and financial reporting. It assists companies
in navigating complicated industrial issues, increasing operational efficiency and profitability.
Banks, insurance companies, asset management businesses, and other financial organizations
benefit from the network’s specialized services. This comprises risk management, regulatory
compliance, financial reporting, and consulting services customized to the financial services
industry’s specific needs. Real Estate: The network offers accounting, planning for taxes, risk
management, and advice services to real estate enterprises, property developers, and investors.
Baker Tilly International assists customers in optimizing their real estate portfolios, navigating tax
challenges, and maximizing investment possibilities.
College of Administration and Finance Sciences
Chapter 2: Internship activities
Advantages of Completing a Training Program at Baker Tilly, Jeddah Branch
Baker Tilly, a well-known accounting and consultancy firm, provides outstanding training
programs for students at its Jeddah branch. These programs provide several benefits that might be
quite beneficial to ambitious professionals. Here are some of the benefits that can assist a student
in completing a training program at Baker Tilly:
• Professional Exposure: Working for a reputed company like Baker Tilly gives students vital
professional experience. They will be able to work with seasoned experts, acquiring knowledge
of standard procedures in the industry and developing a strong network. A student in a training
program at Baker Tilly, for example, may have the opportunity to help experienced auditors in
auditing financial reports, drafting tax returns, or completing internal control evaluations. This
exposure aids in their comprehension of real-world circumstances and improves their practical
expertise.
• Skill Development: Baker Tilly’s educational courses are intended to help students improve
their skills and competences. Hands-on instruction in taxation, bookkeeping, auditing, and
economic evaluation is provided to participants. A student may learn how to utilize advanced
accounting applications to analyse accounting information, or evaluate complex commercial
transactions, for example. These abilities not only increase their ability to work, but also
provide them with the abilities they need to flourish in their future employments.
• Mentoring Programs: Students at Baker Tilly benefit from mentoring programs in which
qualified experts assist and encourage them through their educational experiences journey.
Mentors deliver vital input, assist students in navigating obstacles, and offer career advise.
College of Administration and Finance Sciences
•
A student, for example, may be assigned a mentor who is a qualified tax adviser. The mentor
can give tax law assistance, aid in assessing tax consequences for customers, and support the
student in developing critical thinking skills required for problem resolution.
• Networking chances: Networking is essential for professional accomplishment, and Baker
Tilly provides several chances for students to meet with industry leaders. The organization
frequently hosts occurrences, conferences, and seminars where students may meet with
specialists and form partnerships. A student attendingth a Baker Tilly networking event, for
example, may have the opportunity to meet possible businesses, friends from different
departments, or industry influencers. These contacts have the potential to lead to subsequent
career possibilities or partnerships.
Chapter 3: Recommendations
Although attending a training course at Baker Tilly can be extremely beneficial, participants may
also face certain drawbacks and problems. Here are some instances of such obstacles, as well as
solutions for overcoming them:
•
Workload & Time Management: Apprenticeships can require a significant workload,
which can be burdensome for students juggling schoolwork and other obligations. Students
are able to conquer this problem by prioritizing activities, setting realistic objectives, and
using efficient time management skills. They can also report their workload issues to their
managers, who may give direction or better effectively assign jobs.
•
Technical Difficulty: Accounting and advising services require sophisticated technical
ideas and software tools. Students may first struggle to understand these complexities.
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To address such issues, learners should actively participate in sessions for training, seek
explanation from mentors or classmates, and set aside extra time for independent learning and
practice. By asking questions and requesting assistance, they will acquire confidence and
conquer technical obstacles.
•
Flexibility to Work Conditions: For learners, the first time they enter a professional job
might be scary, and they may experience difficulties in adjusting to the business culture
and dynamics. To counter this, students would proactively observe and acquire knowledge
from their peers, seek mentorship, and participate in initiatives that foster collaboration.
Participating in business activities and mingling with coworkers may make students feel
more at ease along with into the workplace.
•
Performance Pressure: Because students are anticipated to participate to real-world projects
and tasks, they may feel under pressure. To address this problem, individuals should speak
freely about their standards with their supervisors.
Recommendations to improve training program in the college.
Several ideas may be used for enhancing a college training program for undergraduates. These
ideas are intended to improve the entire educational procedure and assure learners get the most out
of their training. Here are some suggestions:
Clearly Defined Program Objectives: Clearly outline the program objectives so that students
comprehend what they are anticipated to accomplish by the conclusion of the program. This aids
in the establishment of established standards and enables learners to successfully track their
progress.
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Well-structured Curriculum: Create a curriculum that is organized that includes all of the required
subjects and skills for the training program. The curriculum must be thorough, well-organized, and
in accordance with industry norms and regulations.
Throughout the training program, prioritize the actual application of information and abilities.
Incorporate hands-on exercises, cases, experiments, and actual assignments to give students
practice implementing what they’ve learned.
Industry specialists as teachers: Include industry experts in the classroom instruction program as
teachers or guest speakers. These professionals may give students with useful insights, real-world
experiences, and practical guidance, spanning the disparity between theoretical knowledge and
industrial practices.
Mentoring and Guidance: Offer mentors or advisers to students enrolled in the educational
program. Mentors can give personalized direction, encouragement, and advice to students to assist
them in navigating problems, setting objectives, and developing professional abilities.
Implement frequent assessments and recommendations throughout the educational process that
assess the advancement of learners and knowledge. Provide positive comments to pupils to assist
them in identifying areas for growth and to foster continual learning.
Encourage Student Cooperation and Teamwork: Encourage student collaboration and teamwork.
Assign group assignments or tasks that encourage students to collaborate in order to improve
interacting with one another and interpersonal abilities.
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Recommendation for the training company
Baker Tilly, a well-known accounting and consultancy firm, may strengthen its training program
through the use of the following suggestions:
•
Individualized Training Plans: Customize the education program to the particular
requirements and professional objectives of each student. Conduct tests or discussions at
the start of the course to learn about every student’s skills, limitations, and interests. Create
tailored training programmes that focus on improving the skills and abilities required for
their chosen positions.
•
Rotational Assignments: Rotational assignment allow students to get knowledge of
different parts or areas of specialty within the organization. This gives learners a greater
perspective of the company, allows them to explore multiple career pathways, and allows
them to acquire an overall ability set.
•
Mentoring Program Improvement: Strengthen the mentoring program by matching each
pupil with a mentor who shares their professional goals and interests. Ensuring that mentors
and students communicate and engage on a frequent basis, giving guidance, support, and
chances for professional growth.
•
Real-Life Client Interactions: Incorporate real-life client interactions into the training
curriculum. Assign learners to real-world customer projects under the supervision of
seasoned experts. This event will offer students with practical knowledge, educate them
how to cope with customer expectations, and help them improve client management skills.
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•
Leadership Development: Implement activities for leadership growth within the training
curriculum. Provide classes, conferences, or instruction aimed at improving leadership
abilities such as interacting with others, making decisions, and managing teams. This trains
students for future corporate leadership responsibilities.
•
Opportunities for Ongoing Learning: Foster a culture of constant growth by offering
students with continuing education and employment opportunity. Provide students with
access to distance-learning programs, seminars, conventions, or professional certificates
that will keep them up to speed on the newest trends and advancements in their profession.
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