Evaluation of internal control shopping cigar factory American Caribbean Cigars S.A

Abstract

This article was written following scientific lines of research and action where there is an evaluation of the internal control purchases of American Caribbean Cigars, S.A. This analysis is descriptive and cross-sectional because it is evaluating a period: 2011 year. The approach is qualitative and quantitative using techniques such as interviews that are analytically processed according to the evaluation of the internal control performance and surveys quantitatively processed showed in percentages as per the sample. The study was supported with a documentary research to confirm the accuracy of the information provided.

Specifically the thesis is prepared using the components of the COSO model I, the objectives and problem approach were raised following the logic of the internal control components stated by COSO. According to the problems observed it is confirmed that company’s internal control is inadequate analyzing great weaknesses found during the process.

Therefore it’s recommended to take measures addressed to solve the weaknesses found starting with the issue of a procurement procedure manual, a general operations manual and an organization chart that help to set up an appropriate route of authority and duties and to implement a permanent purchasing process control.