Trainee Audit

KPMG Amstelveen

What is required?

  • Academic diploma
  • Economic or business background
  • Numerical strong
  • Motivation to start training as a Registered Accountant (RA)
  • Assertive character

What will you get?

  • €2,300 - €2,600 gross p/m
  • 40 hour workweek
  • 30 vacation days
  • Rarely work in the weekend
  • Coaching en Audit Academy

What will you do?

  • 20% Meeting client
  • 10% Process client conversation
  • 10% Capture walk-through procedure
  • 20% Meeting team
  • 30% Check annual accounts
  • 10% Checking procedure screen

This vacancy has been created based on interviews with employees to help you get a realistic preview of the job.

Vacancy

In your first year as an Audit Trainee at KPMG, you will gain insight into all the components you go through as an accountant. Because you will see a large number of different customers during the first two years, you can discover where your interest lies. These may be customers in the following markets: Consumer and Industrial Markets, Technology, Media, and Telecommunications, Financial Services, Public Sector, and International Business.

As an accountant, you will work in the office or at the customer four days a week, and you will attend university one day a week for your chartered accountant training program. The year starts with a pre-audit in which the company’s risks are analyzed. Then, you enter the ‘interim stage,’ in which all the company’s internal processes are examined. Finally, the annual account is audited in approximately five months. You will work for several customers, and for each customer, you will be part of a different team consisting of about five to ten co-workers. Here, you will work with several co-workers from other offices who have different positions, including a senior, a supervisor, a manager, and a partner who is ultimately responsible.

Calendar

Trainee, department CIM, KPMG
Ysette Wolvers

The best days are very varied: you have a conversation with the customer and a discussion with the team, and you are working out something that you learn a lot from.

On a less pleasant day you wait for the customer's response, after that you can proceed with your activities.

  • 08:00
  • 09:00
  • 10:00
  • 11:00
  • 12:00
  • 13:00
  • 14:00
  • 15:00
  • 16:00
  • 17:00
  • 18:00
    • Arrival at client
    • Capture walk-through procedure
    • Conversation with head sales department
    • Lunch with colleagues
    • Financial questions for client
    • Process customer responses
    • Explanation new task
    • Cooking workshop with colleagues
    • Arrival at client
    • Daily standup
    • Internal consultation financial administration client
    • Capture walk-through procedure
    • Checking items annual accounts
    • Meeting team
    • Finishing audit annual accounts
    • Arrival at client
    • Daily standup
    • Looking into files client
    • Lunch with colleagues
    • Consultation about delivering work
    • Start of the audit report
    • Consultation team status update
    • Arrival university
    • Lecture external reporting
    • Lunch withg co-students

Firsthand experience

During the audit, you discover that there’s a 100,000-euro difference between the customer’s bank balance and their annual account. What to do?

It is possible that there’s a difference between the bank balance according to the bank and that according to the annual account. You take the relevant documents to the customer and indicate the difference.

If the difference cannot be explained directly based on the documents, you ask the customer to investigate it for you. You secure an appointment with the customer’s Finance Director. The customer may discover that it is a dollar-based bank account and that they forgot to revalue the currency. In that case, they must take a loss on the difference and adjust it in their annual account.

Subsequently, you tell the customer to adjust it and check whether they’ve done so. Usually, the customer will give you a reason why it couldn’t be done. Although you would like to believe the customer, you should always request underlying documentation and verify if the customer is right based on the figures.

Growth

You will start as a trainee, and every 2 to 3 years (depending on your personal preferences and performance), you will take the next steps: Senior, Supervisor, Assistant Manager (you can only take this step once you’ve obtained the title of RA, the Dutch equivalent of Chartered Accountant), Manager, Senior manager, Partner. In addition, you can expand your activities within your role in different ways. This means that there is a lot of room for your own input besides your trainee tasks. Examples include organizing activities for your department or helping recruit new co-workers during recruitment events.

Trainee
Senior
Supervisor
Assistent Manager
(Senior) Manager

Working at KPMG

KPMG the Netherlands is part of an international network of accountancy and consultancy firms with 162,000 employees in 155 countries. KPMG’s accountants perform assessment and audit tasks and provide an independent opinion regarding financial matters. KPMG’s consultants are deployed in various fields, such as data analysis, blockchain, robotics, cybersecurity, and audit digitalization.
  • HQ in Amstelveen
  • Active in 155 countries
  • 34 % / 66 %
  • Average age 31
  • 2,849 employees in NL
  • 162,000 employees worldwide

Colleagues

Koen Duizings (25) - Young Talent Program

Why did you decide to work for this company?
KPMG is a global and leading player within Audit and Advisory. It is the ideal place to start your career because of the many learning and growth opportunities. Additionally, there is a pleasant working atmosphere with friendly and ambitious co-workers.

What was your previous job?
This is my first job.

What do you do in your spare time?
Cycling and traveling.

Interesting job?