Companies require and merit a good internal control system, which guarantees the excellent operation of their activities, while allowing and facilitating the safeguarding of all their assets.
The importance of having a good internal control system in organizations has increased with the advance of technology and with the passage of time. This internal control, which is able to optimize the operations of the company, is nothing more than a tool that includes the plan of organization in all methods and procedures, which in a coordinated way, are adopted in a business, to protect and protect the assets, verify the accuracy and reliability of the accounting data, as well as bring efficiency, productivity and custody in the operations.
In addition, it stimulates loyalty to the requirements ordered by the administration. It should be considered that internal control is a tool that allows protecting aspects of economic, social, evolutionary nature among others. Well, its proper use brings with it constant order, according to what was planned by the management, thus allowing the illegalities and corruption within the labor framework to be greatly reduced. Aspect that guarantees compliance with the policies and rules established by the organization, which entails that each worker of the company is supervised or controlled by the indicated person.
In another sketch it can also be said that internal control is the set of norms and rules defined by each company, in order to regulate the administrative functioning of the organization, so that through its implementation and development it helps to achieve an optimal functioning that leads to the achievement of the objectives.
It is of the utmost importance that the establishment and maintenance of the structure of internal control is the direct responsibility of the management and administration of the organization, thereby providing reasonable assurance in the achievement of its objectives and goals. Thus, vigilance would be guaranteed constantly, and ensuring that it operates properly. Allowing also timely modifications, according to the changes in the existing conditions.
Indeed, one of the most important assets of any company is the inventory item, which represents the goods destined for sale and / or production, in the normal cycle of operations. Therefore, if you do not apply adequate internal controls in the inventories, you may run the risk of having deviations in your operations and, of course, the decisions taken will not be the most appropriate and may even fall into operational crisis.
In conclusion we can say that companies must establish with security and monitoring, adequate systems of internal controls, with greater emphasis on inventories, which allows them to have stability and economic tranquility, in accordance with their mission and vision.
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