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Marlan S. Bustos
26 April 2006
My Internship ExperienceJuly 5, 2005–September 29, 2005
Student Assistant in the Audit Program Tax Branch Subdivision
State of California Employment Development Department
EDD
State of California Employment Development Department (EDD)
Not long after the Stock Market Crash of 1929, EDD opened its doors to help the community in July of 1936.
EDD is an Unemployment Insurance Program
EDD administers different programs and services for Californians
Tax Branch Subdivision
in EDD is: California’s largest tax
collection agencies in the nation
It is 2nd largest collector compared to the Internal Revenue Services who is ranked the 1st.
It’s objective is to generate money
EDD Tax Branch Services
• Audit Books and Records of Corporations, Sole Proprietorships, Partnerships to ensure proper reporting of wages and personal income tax withholdings
• Educate businesses to comply with State rules and regulations and notify them of consequences for deterrence
• Reduce Personal Income Taxes• Court Appeals
A Student Assistant is given opportunity to: Prepare for becoming a Tax Auditor
Learn policies, procedures, and techniques (CUIC Section Code 621B: Employee Recognition)
Performs computations, programming, and analyzing data (Reduce
Personal Income Taxes)
Assist in research, analysis, review, and other related activities
in the audit process (data from Employer/Worker)
How did I acquire this opportunity? Student Internship Presentations Applied to different firms and government agencies
Student Assistant in the Audit Program4 Major Assignments
***Due to Confidentiality, Company names will not be compromised in order to protect the reputation of the business. Types of Industry will be mentioned.
Audit Lead Management System Employer contact and Appointment Scheduling; determine level of difficulty
in acquired Cases
Obstructed Claim Follow-Up InvestigationsStatus determinations, Wage Assessments
Field Audit ShadowingI assisted Tax Auditors who independently conduct Tax Audits, Investigations, and Examinations of Business Employer’s books and records of average difficulty for the purpose of determining status and/or liability and gain compliance under the provisions of California Unemployment Tax Code. A Tax Auditor is also responsible for determining subject wage information in completing Benefit Program assignments.
Personal Income Tax (PIT) AbatementsReduces Liability of the company
Relevant Courses
CIS 310 Computer Information Systems FRL 201 Business Law ACC 311 Intermediate Accounting I ACC 418 Forensic Accounting
**ACC 419 (Audit Theory) & ACC 431 (Introduction to Taxation) are also recommended but experience is more helpful in learning these courses
What did I learn during My Internship?
On-the-Job training and experience in Auditing
Codes and Laws of the State Workforce Improved:
Team Work Communication Skills Quick Judgment Decisions
Internship Advantages: Gain experience in all aspects of Accounting Meet new people, new connections Able to determine your personal goals and
career objectives Possible Full-Time Job opportunity after
Graduation
3 Reasons a Student should acquire an Internship:
1. You can put your education into practice
2. Prepares you for the Future
3. It helps you decide what your interests are in the Accounting Field
Any Questions?
Log on to:< www.edd.ca.gov >
For an Application and Job opportunity listings:
< http://www.spb.ca.gov/employment/college_student_employment.htm >
< http://www.spb.ca.gov/employment/stateapp.htm >