Internal audit and internal control as an instrument for effective management

Abstract

This study aims to demonstrate the various instruments that internal audit and internal control have to contribute to organizational management and the veracity of information. However, some topics were exposed to answer what are the contributions that internal control can make to organizational management, noting how internal control, together with internal audit works in a preventive way to errors, fraud, embezzlement ensuring that all control procedures are performed. Then, some assumptions were made that served as a research base. Certainly, the implementation of internal control will favor the identification, prevention, and correction of losses that may harm the company, because in fact, when there is an efficient internal control system well applied, efficiency tends to flow in the management process. Therefore, through the theoretical framework some topics were addressed abou internal control, internal audit related to organizational management, internal routines within the company, what are the internal audit procedures regarding internal control, fraud in the context of organization, among others. The methodology used in the preparation of this article was bibliographical research. Therefore, internal control and internal audit work in a coordinated way ensuring process efficiency and better cost-benefit.

KEYWORDS: Internal audit. Internal control. Organizational management.