At MassDOT, transportation is not about roads and bridges, or trains and buses it is about people. Our mission begins with customers - individuals, businesses, municipalities, and regional transit agencies. We support programs and projects that deliver a high return on investment. MassDOT supports the economic, quality of life, and environmental goals of the Commonwealth.
The Massachusetts Department of Transportation (MassDOT) is looking for an Internal Audit Intern to assist staff auditors in analyzing financial reports, documents and records. This Internship will assist Auditors in conducting internal audits that assess organizational risk, and evaluate the adequacy of internal controls. This is a summer internship running from June through August.
In addition to assisting the Auditors, this intern may be involved in a variety internal projects that may include:
Enterprise Risk Assessment Project:
Assist in gathering and preparing risk assessment information from Managers throughout MassDOT and the MBTA.
Prepare meeting notes and meeting summaries throughout the project life cycle.
Schedule meetings and assure that meeting progress stays on track.
Prepare a draft of the Risk Assessment documentation for feedback.
Comptroller of the Commonwealth Annual Internal Control Questionnaire (ICQ) Project:
Compile a list of MassDOT managers responsible for completing the ICQ.
Monitor the progress of ICQ response and assist in Manager follow-up for pending ICQs.
Reviewing the final draft for completeness and adequacy of ICQ question responses.
Corrective Action Tracking Project:
Assist in the tracking of corrective action efforts.
Monitor the progress of implementation of management's corrective actions, and assist in follow-up where necessary.
Prepare a draft report of Corrective Action Tracking efforts for review and feedback.
External Audit Projects
Assist in conducting external audits and reviews of contracts and agreements by reviewing consultant costs, evaluating cost proposals, and assist in closing out completed contracts and report this information to senior management within MassDOT.
Duties & Responsibilities:
Take on an active role on an Internal Audit project (see examples above).
Provide assistance to the Auditor In-Charge during the planning state of the audit by gathering information regarding applicable policies, laws, and regulations.
Shadow Auditors during their meetings with auditees to gather and document information on responsibilities, internal controls, operating risks, and standard operating procedures.
Support Auditors in the documentation, tracking, and investigation and reporting of suspected fraudulent acts as defined by the MassDOT/MBTA Anti-Fraud Policy.
Prepare drafts of various reports for review by Auditors.
Help gather and develop information for preparing regulations, report forms, and procedures.
Under the supervision of the Auditor In-Charge, assist in conducting assigned fieldwork testing which includes performing audit test program fieldwork steps, completing test narrative work papers and exhibit spreadsheets, and documenting audit test conclusions, in the form of audit observations and recommendations that are relevant and clearly stated.
Assist in corrective action tracking efforts to confirm implementation of management's corrective actions.
Assist in preparing risk assessment information gathered from meetings with managers throughout MassDOT and the MBTA to get an overview of the auditable entity, determine the inherent risk and provide the basis for the annual Audit Plan.
Traveling may be required to perform the above duties.
Qualifications Required at Hire:
Knowledge of the principles and practices of general accounting terminology and standard abbreviations.
Knowledge of the principles and practices of auditing and the methods of general report writing.
Knowledge of the methods used in the preparation of charts, graphs and tables.
Knowledge of the methods and techniques of financial analysis.
Ability to analyze and determine the applicability of financial data to draw conclusions and make appropriate recommendations.
Ability to read and interpret documents such as financial reports, accounts and ledgers.
Ability to understand, apply and explain the provisions of the laws, rules, regulations, policies & procedures governing assigned unit activities.
Ability to perform mathematical calculations using formulas to solve accounting problems.
Ability to follow oral and written instructions.
Ability to gather information by examining records and documents and through questioning individuals.
Ability to maintain accurate records.
Ability to prepare and use charts, graphs and tables.
Ability to prepare general and financial reports.
Ability to write concisely, to express thoughts clearly and to develop ideas in a logical manner.
Ability to communicate effectively in oral expression.
Ability to exercise sound judgment and deal tactfully with others.
Ability to exercise discretion in handling confidential information.
Ability to establish and maintain harmonious working relationships with others.
Ability to work independently and also work in a team setting.
If you have questions regarding this position, please contact the Human Resource Specialist Alaina Seitz at email@example.com.
Minimum Entrance Requirements:
This requisition will remain open until filled; however, first consideration will be given to those applicants who apply within the first 14 days.
Must be college students enrolled full time for the Fall 2019 semester.
Must have completed one year of Undergraduate study in a related field (ex. Accounting, Finance, Business, etc.)
An Equal Opportunity / Affirmative Action Employer. Females, minorities, veterans, and persons with disabilities are strongly encouraged to apply.
All job applications must be submitted online through MassCareers to be considered. If you need an accommodation to complete the application electronically please contact the ADA Coordinator Rita DiNunzio 857-368-8738.
State Of Massachusetts