Internal control and its impact on company profitability charges northern S.A

Abstract

This research evaluates internal control and its impact on the profitability of the Company Collections North S. A In the period 2011 and provide recommendations that can improve. The type of study is descriptive and cross-sectional because it is evaluating a period 2011. El being the qualitative approach is quantitative and qualitative techniques because interviews are done analytically which are processed according to the assessment of the functioning of control internal surveys and processed quantitatively represented in percentages according to the sample, was reinforced with documentary research to confirm the accuracy of the information provided.

Specifically the investigation is prepared using the components of the COSO model I, and profitability is based on cost-benefit analysis. According to the problems encountered is confirmed that the internal control is deficient analyzing the great weaknesses found during the process starting from the control environment of the company, one of the main problems of poor segregation of duties, and lack of timely financial information is recommended to take remedial action to address the weaknesses found, first developing a procedures manual, a manual functions where established lines of authority and responsibility, and to perform continuous monitoring of the procurement process