The building is 52 floors, and EY has about 20 of those floors. It's in the heart of Sydney, and it's about a 5 minute walk from my apartment, Hyde Park Regency.
-Hyde Park with Saint Andrews Cathedral in the background!
I got myself set up, and I met my team for the week. Like I said previously, my only client for my time here is News Limited. They buy and circulate newspapers throughout the US and Australia. While still fazing out, Australian newspapers are much more widespread than in the States.
I am going to delve into the business/ accounting aspect of why I'm here for a little, so if that bores you, feel free to scroll down. EY is the external auditor for News Limited, and Deloitte is the internal auditor. This essentially means that Deloitte audits the financial statements and tests the controls for News Limited, and EY audits the work that Deloitte does to ensure accuracy. News Limited is publicly traded on the NYSE.
I expect myself to work 8-11 hours per day. I get out to the client site next week, and it's a 40 minute train ride. I'm expected to wear a shirt and tie, which is different than the States. I have noticed that guys are typically dressed up very nice here, but they don't have to shave everyday and there is quite a bit of facial hair on most of the guys.
My team is incredibly nice. The main guy I work with is from Switzerland, so it's fun to hear his stories of Australia and his culture back home. My supervisor/ senior is from Boston, so we definitely have some common grounds being from the States. I also have a few Australian guys I work with regularly, and they're typically very enthusiastic and happy to work with me (we'll see how long that lasts). I've been able to do a ton of networking so far and build some relationships just a few days into being at work! So far, I have mainly done Sarbanes-Oxley revenue testing (making sure that revenue can be recognized in the correct period and that the revenue exists and the transactions were approved), bank confirmations, and summarizing audit consideration checklist documents. Some work is more exciting, but it's all a great experience and helps me understand the big picture of the audit and the client as a whole. I do not want to bore you too much, so if you have further questions on the accounting jargon (looking at you, Accounting Club members), feel free to contact me on Facebook or LinkedIn!
Back to the "fun" stuff. After my first day of work, I purchased a Socceroo scarf, which is what they call the soccer fans over here. I am collecting quite a bit of Aussie souvenirs.
-My souvenirs! What the hek, maybe some lucky ducks will get some too :)
I got some Mexican food for lunch, Chinese food for dinner, then sushi/seafood/ chicken feet for lunch today, and Thai food at night. The chicken feet was actually AMAZING and the Thai food was great too! I had cashew nut squid and green curry chicken. I've also tried a few coffee places, and it tastes very similar to the States.
-Me and my chicken feet
I'm currently hanging out with other interns as we try and figure out the weekend to travel to the Great Barrier Reef in Cairns, about a 3 hour flight away. We plan to celebrate the 4th on Friday American style, then go to Bondi beach on Saturday and walk the Sydney Harbour Bridge to Luna Park on Sunday. We're also looking to really get to exploring Sydney over the next few weeks and seeing the Blue Mountains as well.
That's all I have for now, happy Hump Day (and a Happy Thursday to me)!
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