Auditoría financiera a la Cooperativa de Ahorro y Crédito “COOPROGRESO Ltda.”, del cantón Santo Domingo, provincia de Santo Domingo de los Tsáchilas, período 2015

Abstract

The Financial Audit to the Savings and Loans Credit Union Cooprogreso Ltd., from Santo Domingo canton, Santo Domingo de los Tsáchilas province, aims to determine the reasonability of the financial statements and adequate management of its financial resources. For its development, the stages of the Audit were used which are : Planning, Execution and Communication of Results, by using techniques such as: Questionnaires of Internal Control by applying the COSO II method and the assessment of the financial statements, inspection and research, which allowed collecting information in order to find critical points which were summarized in the final report, weaknesses such as: lack of socialization of the code of ethics, manuals, policies and procedures with the personnel; lack of improvement of the credit and collection policies and errors in the system which are not fixed immediately. It is recommended to socialize the code of ethics, manuals, policies and procedures by virtual or paper based means; as well as organizing informative talks for its socialization with the aim of reducing costs as consequence of the increase of general efficiency and achievement of institutional goals; assess the current credit and collection policies to reduce the default risk.