INTERNAL CONTROL IN INDONESIA Internal tames, as we knows in accounting and auditing theory, atomic number 18 the flavors that an entity takes to provide conjectural self-confidence that the entitys objectives are achieved through effective and cost-efficient operations, true(a) financial reporting and compliance with applicable laws and regulations. There is a widely-use setwork of national cook under a commissioning named Committee of Sponsoring Organizations of the Treatway Commission (COSO). COSO defines five internal control components, i.e. control environment, risk prizement, information and communication, control correspondivities, and monitoring. coer environment is a ill-treat which is influencing the control consciousness of the people in an entity. It is the understructure for either other components of internal control. Risk assessment is a step of identification and analysis of relevant risks to the achievement of objectives, forming a behind for h ow the risks should be managed. Information and communication are the processes that aliment the identification, capture, and permute of information in a form and eon frame that enable people to carry out their responsibilities. Control activities are the steps in making the policies and procedures that help fasten focus directives are carried out.
Monitoring is a process used to assess the quality of internal control performance over time. The COSO internal control framework is also used in a state governance, such as state government of Indonesia. In Indonesia, there is an act regulating internal control, that is to say giving medications System ! of Internal Control (PP 60/2008). This act defines that internal control is the integral process on the actions and activities undertaken unceasingly by the leadership and the entire employees to provide reasonable confidence for the achievement of organizational objectives through effective and efficient activities, the dependableness of financial report, the security of state assets, and compliance...If you want to pay posterior a full essay, order it on our website: OrderCustomPaper.com
If you want to get a full essay, visit our page: write my paper
No comments:
Post a Comment