Actualización del sistema de control interno basado en el modelo COSO III, en la Cooperativa de Ahorro y Crédito Puerto Francisco de Orellana, periodo 2016

Abstract

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) III-based internal control system was updated in the Puerto Francisco de Orellana Savings and Credit Cooperative in 2016 to promote the internal control operation efficiency and effectiveness.The COSO-using internal control questionnaires, observation, interviews to department heads, surveys to all of the cooperative levels and cooperative process-reflecting flow charts were used. Weaknesses such as lack of conduct code implementation, wrongly designed organization chart, function duplication and non-compliance, lack of accounting record support and lack of training were identified. It is concluded that the internal control analysis and evaluation will improve the administrative, financial and economic management. Thus, the objectives will be achieved using a proper duty segregation.