Auditoría financiera a la junta de agua potable San Martín de Veranillo, provincia de Chimborazo, período 2019

Abstract

The purpose of the financial audit to the Junta de Agua Potable San Martín de Veranillo, Province of Chimborazo, was to determine the reasonableness of the financial statements. For its development, the audit phases were carried out, which are planning, execution, communication of results, and control and monitoring through the use of techniques such as internal control questionnaires applying the COSO I method. The determination of the materiality of the financial statements with which sufficient competent and relevant evidence was obtained for the structuring of the audit report where the critical points of the organization were compiled, which are: the lack of recording of inventories of fixed assets, for which it was recommended that the financial statements be corrected by IAS, in addition to the hiring of trained and qualified personnel for the preparation of the financial statements, the poor recording of income and expenses by the Board, for which it was recommended that Generally Accepted Accounting Principles (GAAP) be applied, to implement adequate accounting policies that guide the application of International Accounting Standards. Finally, it was recommended that audits be carried out at least once a year to take preventive and corrective measures to ensure the proper development of activities, reduce the presence of risks and improve the results of institutional management.