Internal audit management
Introduction
In business administration, the "internal control system" is a set of functional areas in a company and actions specialized in communication and control within the company. The management system through activities affects all parts of the company through cash flow. The effectiveness of a company is established in the relationship between the output of products or services and the input of the resources necessary for their production. Among the responsibilities of management are:
Structure
Management areas include activities or groups of activities that contribute to the achievement of business objectives. Such areas are:
The internal control system is closely linked to the decision-making system"), in such a way that the manager receives data from his managing directors and the financial system.
Effectiveness criteria are found in the company's strategy and sales such as the expenditure/income ratio.
Activities
Contenido
Las acciones efectivas son aquellas que mantienen un equilibrio entre la eficacia y la eficiencia, entre la producción de los resultados deseados y los medios que se utilizan para lograrlos. Todas las actividades de una compañía se traducen en dinero en efectivo en algún momento.
Indicators
Indicators are the measurement patterns of effective actions for a company, they are obtained by the relationship between quantitative or qualitative variables that allow observing the situation and trends generated in the company's processes. Any change in the amount of a company's inventory and credit extended from customers or taken from suppliers has an impact on both reported profit and cash flow, increasing or decreasing it.
They are indicators of effectiveness, in terms of the use of resources:.
They cover changes in the company.