ANÁLISIS DEL MODELO COSO Y SU APLICACIÓN EN UNA PYME ECUATORIANA - LABORATORIO QUÍMICO DE ALIMENTOS

Abstract

The design and the implementation of an Internal Control system can represent a great challenge for an organization because it is an integrated and dynamic process that goes beyond rigorous compliance with policies and procedures. Through the following work we can conclude that, regardless of the size of the company, its activity or the economic sector, it is possible to apply the 17 principles contained in the five components of the COSO Model. For the development of this work we used the inductive-deductive method, in addition to the analytical that allowed us to decompose each of the elements of internal control and evaluate the situation of the company. Once tabulated and analyzed the surveys answered by the administrative staff, it was concluded that the company has an internal control that is qualified as "good", however, points of improvement are proposed, such as: the elaboration of a Business Plan, an Annual Budget , the establishment of Executive Committee. Likewise, the risks of the entity and the need to have reliable and timely financial information to make decisions that are the basis of its actions and decisions to achieve the objectives of the organization.