Ideally, an assurance intern would do everything that a staff 1 (a newly-hired entry-level auditor) would do. That can range anywhere from prepping excel worksheet, shadowing other staff at client meeting and walkthrough, doing substantive audit work, etc. Of course, what you do specifically would depend on who your clients are (the nature of their business, their fiscal year timing) and your managers. The firm generally tries to put you on at least 2 different clients throughout your internship to diversify your experience. There is also a lot of bonding/networking events for you to get to know your team, the firm, and your fellow intern class.
There are so many different tasks you may be given. I worked mainly on editing different Excel spreadsheets, since they recognized I enjoyed doing that. I helped create a complex Excel worksheet to help the team see how account numbers rolled into the main balance sheet and income statement accounts. I was also able to sit in meetings with the client. You will likely do a lot of tick marks with numbers to ensure evidence makes sense, and you may even be exposed to control testing as well. These are just a few of the many tasks you may be assigned as an assurance intern. Overall, everything you do will provide you with an idea of what working at EY is like; you get to see what work is involved with an audit. It’s a different experience for everyone.
As an FSO Assurance Intern, you are treated just like first or second-year staff member. You will be performing a variety of tasks to audit the financial statements of companies in the financial services industry.