Friday, March 20, 2009
For the two weeks of experience I had with Bob Low & Co., I realise I had a lot to learn from especially when it comes to internal control. Small companies lack the internal control needed because they are unable to employ more workers for segregation of duties. Furthermore, some companies is one shareholder, one director and the director is the shareholder, hence the control of money and accounts lies with the director. This made the internal control worse off. Actually internal control can be done at a small scale level. Start by retaining all the invoices whether be it purchase invoice or sales invoice. File them nicely in a file them according to expenses or on a monthly basis. Petty Cash should be run in a imprest system and all claims by the staff should go through the petty cash. That's all for now.
what we could have been, 10:02 PM.
Sunday, March 15, 2009
I am currently working as an intern in Bob Low & Co CPA firm. One of the things I realise is that I need to be familiar and good in my FRS and auditing standards. Another thing I realise is that auditors work really long hours. Just last week, my lastest of knocking off is about 2030H. It is tough but I do enjoy audit because I get to see what the business composition is made out of. My interest in audit has just increased greatly and hopefully, when I graduated, I could enter in a big audit firm ie. Big four etc.
what we could have been, 10:09 AM.
Wednesday, March 04, 2009
From yahoo news : 21year old David Hartanto Widjaja, who stabbed his professor and then jumped to his death, had his scholarship terminated in February.
This is a tragic story of someone who is bright in his studies but because of pressure, he had turned into the wrong direction. According to source, David had lost his scholarship and his grades had been slipping lately.
This reminded me that sometimes, when things do not end the way it should have, you will be discouraged, angry at yourselves and sad. I could relate this alot of times, because I am not a very bright student and I need to work twice as hard as people to achieve the same results as someone who take less than one quater of the effort I put in. Life is about rejections and rejections always hurts. What you do not get today, you will get it tommorrow and what you cannot get tommorrow, you will get it the next day ;). RIP David!
what we could have been, 2:36 PM.
