October

Today I scanned the confirmation of balance for Polyprestige Sdn Bhd. The confirmation of balance is a letter where we asked the client of the amount for which we require confirmation. We will ask the client for a reply, irrespective of whether the amounts correspond or not. This is to enable the audit staff to detect and correct any discrepancies which may exist between our record and with the client’s record. This is also to make any necessary individual value adjustment. After that, I continued to do opening balance for Persatuan Buddhist Tawau. I did the same steps as before where I typed the balance sheet items with its amounts one by one. To make sure the amount is correct, I checked whether the opening balance that I did is tally with the amount in financial report for that year.

Main things that I have learned:

• Today I learned what confirmation of balance is and what the functions is.

Today I was told to some calculations of the GST amount for Fahshing Industries Sdn Bhd. The amount of the GST fee taken by the client in the ledger was not tally with the GST statement. Therefore, I had to calculate the amount of GST from sales invoices for each month. I wrote down the GST amount from each invoice and then totaled up the amount for each month. After that, I compared the amount for each month with the amount in GST fee ledger. However, I found out that the amount on both places were not the same, so I told the finalizer so she can decide what she should do later. Next, I also prepared some documents for client copy for Yummy-Yummy Café which were Form B, financial report, and income tax computation for year 2022.

Main things that I have learned:

• Today I learned how to make sure that the amount of GST in the ledger and in the GST statement are tally.

Today marked the last day of my internship after 6 months in this company. For my final task, I was told to do audit of statutory record for Polyprestige Sdn Bhd. I find all related information in the secretarial file such as register of members, the list of directors, the company secretaries for that company, and board resolutions. After done preparing the audit statutory, I fill out the memorandum memo to show where I need to submit the audit statutory. I then gave the audit statutory to office boy so he can submit it to bookkeeping department. Next, I also photocopied some documents in the GST files for Fahshing Industries Sdn Bhd where it shows the date and amount of the GST paid because there were some problems with the GST ledgers. This is so the finalizer can make the needed adjustment.

Main things that I have learned:

• Today I learned that old client's accounts have their own GST file where it shows how many GST that the client has paid for each month. It was my first time seeing the GST file since I started my internship.