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BMP Advanced Case Study
July 2, 2002

This past week was a long week seeing that I was driving down to URI for the first three days and getting up at 5 A.M. to take the train into Boston towards the end of the week.

On Thursday and Friday of last week, I along with twenty-two other interns from the Boston, Hartford and Providence offices went to a Business Measurement Process (BMP) Advanced Case Study in the training room at KPMG’s Boston office.  This two-day training session focused primarily on KPMG’s BMP approach.  

The KPMG BMP approach is a top-down, holistic, client business risk model that uses analysis and analytical procedures to assess five principles of business monitoring and management, including strategic analysis, business process analysis, risk assessment, business measurement, and continuous improvement.  There were two instructors in which KPMG has an alliance with.  These instructors are professors at universities that are hired by KPMG to teach at these seminars.  Two other senior associates at the firm were there in order to assist us interns.  

The two-day session was very long. It was like being in class for eight hours straight; however, it was very informative and we were able to take many breaks.  The three cases we worked on were Starbucks, Home Depot, and Ceskoslovenska Obchodni Banka, a.s. (CSOB or the Bank).  Throughout these cases we applied business risk audit techniques.  

We were broken up into five groups and were asked to do a little research, control test-work, and risk assessment on each of the three cases.  After performing our analysis we would then stand up as a group and present our analysis within different sections of each case.  

Much of what I got out of the training seminar was that auditors try to test as many controls as need be so if the client is in compliance with that control the auditor will not have to “beat on the numbers”; it was highly emphasized that time is money.  The more detailed work that is done that is not necessary is a waste of the firm’s time and money.  

On Thursday night there was a social event at Tia’s on the Water where some of the interns attended along with many employees of the Boston office.  At Tia’s on the Water dinner and drinks were provided for us.  

I am two days into my fifth week of my internship.  These past two days I am unassigned and in the office, because it is a slow week and many people are on vacation.  These days allow you to catch up on some work and take care of housekeeping details.  

Anyways, tomorrow I am on a 6:38 commuter rail to Boston where the Providence and Boston interns will participate in a community service event.  We will spend the day sorting donations from local super markets at the Greater Boston Food Bank.

Questions for Jason?

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