The Value of Faculty Internships in Auditing

SYNOPSIS: Professions such as law, medicine, and engineering have long used faculty internships as a means for educators in these professions to remain current on developments and practices in their respective areas of expertise. Changes in the auditing profession in the last decade have been significant. It is imperative that auditing faculty personally engage in the profession to whatever extent possible to understand how these changes have impacted practice. The purpose of this paper is to describe a faculty internship in auditing and to discuss the benefits of the internship for the academy and the firm.