Evaluation of internal control of the area Inventory in the cigar factory ACCSA

Abstract

This work been addressed to the Evaluation of internal controls carried out in the area of materials and goods inventory of the cigar manufacturing company ACCSA, through the analysis of the five components of COSO report. For this purpose the study was developed taking into account the qualitative and quantitative approach, descriptive and cross-sectional. The sample used was obtained from a staff of seven employees that are directly related to the inventory area. Information was gathered using data collection techniques, such as interviews, inquiries and documentary research. This provided a better understanding of the procedures carried out in the factory for the administration and management of the inventory of materials and goods, as well as the employee’s commitment and their duties related to these procedures.

The survey results indicate that inventory internal controls carried out at the factory turn to be ineffective and cause problems of segregation of duties generating doubts on the proper execution of inventory operations and questioning the reliability of the financial information coming from the area.