Internal control applied in the accounting and financial process.

Written by:Diomer Antonio Galán Rincón.

Bachelor's Degree.Public Accounting / MSc.Science of Higher Education.

Internal control is considered a fundamental tool to evaluate the operational, financial and accounting processes carried out in organizations. Likewise, the control techniques applied are essential to achieve efficiencies and effectiveness, since they constitute the set of actions, procedures and methods required to evaluate and analyze the processes carried out in companies and organizations.

It should also be noted that internal control is a methodical and systematic process aimed at evaluating processes carried out in organizations, in order to safeguard resources. However, it is a process that has had to be perfected over time, especially due to the significant changes that nations have been facing since the globalization era.

According to Caro (2012), he states "Large and small organizations use the control procedure to ensure that they are progressing satisfactorily, towards their goals and objectives already outlined in advance and verify that they are doing it in the best possible way, there are many indicators that will allow organizations to achieve what they have proposed, their plans are well laid out and are being executed, now the control process is focused on monitoring that this is done in an efficient manner".

In other words, both public and private organizations need to adopt control mechanisms to verify and analyze the effectiveness of the processes carried out, by virtue of the objectives they have set themselves. In view of this, it is necessary to emphasize that control can be carried out from the administrative and accounting point of view, especially focused on internal control mechanisms such as the graphic method, descriptive method and questionnaire method.

It should be noted that these methods mentioned above can be applied jointly or separately to evaluate the activities carried out with the intention of detecting critical aspects that can be solved to promote better management.

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1.- Caro, N (2012) Internal control system in the organization.