Public Accounting Firm Internship Program Survey 1. Firm Name (optional) Response Count 30 answered question 30 skipped question 4 2. Your name and position (name optional, however, please provide position) Response Count 33 answered question 33 skipped question 1 Response Percent Response Count 0 to 25 24.2% 8 26 to 50 9.1% 3 51 to 75 3.0% 1 78 to 100 3.0% 1 101 to 125 9.1% 3 126 to 150 0.0% 0 150+ 51.5% 17 answered question 33 skipped question 1 3. Number of CPA's working at your firm: Page 1 4. Does your firm regularly employ interns? Response Percent Response Count Yes 90.9% 30 No 9.1% 3 answered question 33 skipped question 1 5. If you answered yes to question 4, typically what time of year does your firm regularly employ interns? (Select all that apply) Response Percent Response Count Fall 6.5% 2 Winter 96.8% 30 Spring/Summer 61.3% 19 answered question 31 skipped question 3 6. How many interns does your firm normally employ? Fall Winter Spring/Summer Response Count 0 1-3 4-6 7-9 10 - 12 12 - 15 16+ 69.2% (9) 0.0% (0) 7.7% (1) 7.7% (1) 0.0% (0) 0.0% (0) 15.4% (2) 13 0.0% (0) 35.5% (11) 16.1% (5) 3.2% (1) 6.5% (2) 0.0% (0) 38.7% (12) 31 19.2% (5) 11.5% (3) 19.2% (5) 3.8% (1) 0.0% (0) 0.0% (0) 46.2% (12) 26 answered question 33 skipped question 1 Page 2 7. Do you recruit for multiple office locations? Response Percent Response Count Yes 69.7% 23 No 30.3% 10 answered question 33 skipped question 1 Response Percent Response Count Part-time, less than 20 hours 0.0% 0 Part-time, 20 hours 6.1% 2 Full-time, 40 hours 42.4% 14 Full-time plus overtime 72.7% 24 Approximately how many overtime hours? 28 answered question 33 skipped question 1 Response Percent Response Count Tax only 36.4% 12 Audit only 24.2% 8 Tax and audit 72.7% 24 Other (please describe) 27.3% 9 answered question 33 skipped question 1 8. Please indicate the hours requirement related to the internships your firm offers. 9. What type of internships does your firm offer? (Check all that apply) Page 3 10. If offering tax internships, check the types of tax returns an intern would prepare. (Check all that apply) Response Percent Response Count Individual 96.8% 30 Corporate 74.2% 23 Partnerships 83.9% 26 Trusts 51.6% 16 Payroll 12.9% 4 Property tax 61.3% 19 Other (please describe) 6.5% 2 answered question 31 skipped question 3 Response Percent Response Count One - two weeks formal training program including interns from other office locations at an offsite location (not in the local office) 50.0% 16 In-house formal training program located in the local office including only local office interns 62.5% 20 On-line or written training materials (self paced by intern) 34.4% 11 On-the-job training with supervision from senior staff 78.1% 25 Other or additional comments, describe: 12.5% 4 answered question 32 skipped question 2 11. Identify which training programs best describe your firm’s approach. (Check all that apply) Page 4 12. Do you feel your firm’s training program adequately prepares interns for their engagements/projects? Response Percent Response Count Yes, the training program is more than adequate. 75.0% 24 The firm training program could be more comprehensive, however, it does provide a solid base. 21.9% 7 No, our training program should be improved and updated. 3.1% 1 Other or additional comments, describe: 5 answered question 32 skipped question 2 Response Percent Response Count Yes 87.5% 28 Occasionally 12.5% 4 No 0.0% 0 answered question 32 skipped question 2 13. Does your firm use internships as a full-time recruiting step? Page 5 14. Other than recruiting, what is the major reason your firm engages in employing interns? (Rank in order of importance if applicable) Least Important Busy season assistance Most Important N/A Rating Average Response Count 12.9% (4) 32.3% (10) 51.6% (16) 3.2% (1) 2.40 31 Providing opportunities for students 3.2% (1) 45.2% (14) 48.4% (15) 3.2% (1) 2.47 31 Increase firm name awareness among student population 9.7% (3) 35.5% (11) 51.6% (16) 3.2% (1) 2.43 31 Other (please specify) 3 answered question 31 skipped question 3 15. What major attributes do you expect a student to possess when considering them for an internship position? (Rank in order of impo Least Important Most Important 0.0% 0.0% 0.0% 3.2% 6.5% 12.9% 35.5% 22.6% (0) (0) (0) (1) (2) (4) (11) (7) 0.0% (0) 3.2% (1) 6.5% (2) 9.7% (3) 0.0% (0) 9.7% (3) 16.1% (5) 19.4% (6) 25.8% (8) 9.7% (3) 41.9% (13) 16.1% (5) 6.5% (2) 12.9% (4) 3.2% (1) 3.2% (1) 3.2% (1) 3.2% (1) 0.0% (0) 3.2% (1) Work experience 0.0% (0) 3.2% (1) 0.0% (0) 6.5% (2) 19.4% (6) 12.9% (4) 9.7% (3) 19.4% (6) 19.4% (6) 9.7% (3) Extracurricular activities 0.0% (0) 0.0% (0) 16.7% (5) 13.3% (4) 10.0% (3) 20.0% (6) 20.0% (6) 6.7% (2) 10.0% (3) 3.3% (1) Classes taken (tax courses, auditing, intermediate accounting, etc.) 0.0% (0) 0.0% (0) 0.0% (0) 3.2% (1) 3.2% (1) 19.4% (6) 19.4% (6) 6.5% (2) 19.4% (6) 29.0% (9) Technical skills possessed (Excel, Access, etc.) 3.2% (1) 3.2% (1) 9.7% (3) 3.2% (1) 9.7% (3) 6.5% (2) 19.4% (6) 0.0% (0) 45.2% (14) 0.0% (0) 18.8% (6) 28.1% (9) 9.4% (3) 3.1% (1) 9.4% (3) 18.8% (6) 6.3% (2) 3.1% (1) 0.0% (0) 0.0% (0) 0.0% 3.2% 6.5% 6.5% 6.5% 3.2% 22.6% 32.3% (0) (1) (2) (2) (2) (1) (7) (10) 0.0% 0.0% 3.2% 0.0% 6.5% 9.7% 16.1% 25.8% GPA 0.0% (0) Leadership roles Study abroad program/ Travel Hobbies and interests Level of academic career (junior, senior, grad student, etc.) Level of interest and confidence 0.0% (0) Page 6 19.4% (6) 19.4% (6) 38.7% observed in the interview 0.0% (0) (0) (0) (1) (0) (2) (3) (5) (8) (12) 16. Does your firm regularly extend full-time offers to students performing well on internships? Response Percent Response Count Yes 87.5% 28 Occasionally 12.5% 4 No 0.0% 0 answered question 32 skipped question 2 17. Which of the following do you feel are the most beneficial results of your firm’s internship program? (Rank in order of importance) Least Important Most Important N/A Rating Average Response Count Ability to recruit top students 0.0% (0) 0.0% (0) 10.0% (3) 26.7% (8) 63.3% (19) 0.0% (0) 4.53 30 Test out potential hires prior to extending a full-time offer 0.0% (0) 3.3% (1) 6.7% (2) 46.7% (14) 43.3% (13) 0.0% (0) 4.30 30 Assist full-time staff during busy season 6.7% (2) 20.0% (6) 50.0% (15) 6.7% (2) 16.7% (5) 0.0% (0) 3.07 30 Enhance relationships with “key” universities 13.8% (4) 24.1% (7) 6.9% (2) 41.4% (12) 13.8% (4) 0.0% (0) 3.17 29 3.10 29 Other (please specify) 0 answered question 30 skipped question 4 Increase Firm’s reputation with students 20.7% (6) 17.2% (5) 3.4% (1) 48.3% (14) 10.3% (3) 0.0% (0) Page 7 18. Which of the following are the most challenging aspects of maintaining an internship program? (Rank from least challenging to mos Least Challenging Most Challenging N/A Rating Average Recruiting logistics and time 7.1% (2) 7.1% (2) 10.7% (3) 21.4% (6) 10.7% (3) 25.0% (7) 17.9% (5) 0.0% (0) 4.68 Locating acceptable students via interviews – i.e. correct skill set, personality, etc. 3.6% (1) 7.1% (2) 17.9% (5) 7.1% (2) 21.4% (6) 25.0% (7) 17.9% (5) 0.0% (0) 4.82 Financial aspects of payroll/training 21.4% (6) 21.4% (6) 35.7% (10) 17.9% (5) 3.6% (1) 0.0% (0) 0.0% (0) 0.0% (0) 2.61 Finding time available to train new interns 7.1% (2) 14.3% (4) 25.0% (7) 35.7% (10) 10.7% (3) 7.1% (2) 0.0% (0) 0.0% (0) 3.50 Ensuring full-time staff engage and assist with interns’ experience 3.6% (1) 7.1% (2) 14.3% (4) 42.9% (12) 10.7% (3) 17.9% (5) 3.6% (1) 0.0% (0) 4.18 Finding enough work to keep interns busy throughout their internship 0.0% (0) 14.3% (4) 3.6% (1) 25.0% (7) 25.0% (7) 14.3% (4) 17.9% (5) 0.0% (0) 4.75 17.9% 17.9% 14.3% 0.0% 0.0% (5) (5) (4) (0) (0) Office space availability for interns 50.0% (14) 0.0% 0.0% (0) 1.96 (0) Other (please specify) answered question skipped question 19. Any other comments regarding interns or internship programs? Response Count 2 answered question 2 skipped question 32 Page 8