Marlan S. Bustos 26 April 2006

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Marlan S. Bustos
26 April 2006
My Internship Experience
July 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 Program
4 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 Investigations
Status determinations, Wage Assessments
 Field Audit Shadowing
I 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) Abatements
Reduces 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 >
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