INTERNAL CONTROL AND ITS ELEMENTS

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mapa mental sobre los temas vistos en a
alejandra feregrino
Mind Map by alejandra feregrino, updated more than 1 year ago
alejandra feregrino
Created by alejandra feregrino over 1 year ago
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Resource summary

INTERNAL CONTROL AND ITS ELEMENTS
  1. DEFINITION AND CONCEPT
    1. Internal control is a procedure that is part of the control of resources and assets of a company, and serves to keep a record of its activity and traceability.
      1. CONTROL ENVIRONMENT
        1. It refers to the set of factors that make up the organizational environment that must be established and maintained on the order between the function of each of the employees
        2. ELEMENTS OF CONTROL ENVIRONMENT
          1. institutional ethics
            1. Understand the standards that superiors play and how they behave in front of employees and citizens.
            2. superior engagement
              1. It is the condition that has to be carried out with respect to showing a supportive attitude within internal control.
              2. human resource
                1. Understands staff competence such as human resource policies and practices.
                2. Organizational structure
                  1. It defines the formal environment in which the relationships between the different members of the institution occur.
            3. RISK ASSESSMENT
              1. consists of identifying and analyzing the risks relevant to the achievement of objectives, and serves as the basis for determining how risks are to be managed.
              2. CONTROL PROCEDURES
                1. The procedures manual is a component of the internal control system, which is created to obtain detailed, orderly, systematic and complete information that contains all the instructions, responsibilities and information on policies, functions, systems and procedures of the different operations or activities. carried out in an organization.
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