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Internal control as a tool to set a tangible position on corporate assets by alaiza

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· @alaiza ·
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Internal control as a tool to set a tangible position on corporate assets
<p></p>
<div class="text-justify"> Based on what was pointed out in yesterday's post, these lines offer the entity's management alternatives to detect deviations through the internal control measure oriented to prevent, guide irregularities and provide reasonable confidence on the current asset it owns or investment.</div>
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<center><img src="http://www.theaspteam.com/uploads/9/7/2/4/97249410/internal-control-accounting-systems_orig.png"/></center>
<center> Source (<a href="https://www.theaspteam.com/blog/8-types-of-internal-control-accounting-systems" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"> theaspteam. </a>)</center>
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<div class="text-justify"> From this point of view, the post was based on the theoretical descriptive review, supported by the quantitative nature and non-experimental field design facilitating the collection of data where the findings will be developed, that is, in the company under study.</div>
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<div class="text-justify"> Internal control has been understood for many decades as the set of plans, measures, methods, procedures, adopted by an organization, in order to ensure that assets are properly protected.</div>
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<div class="text-justify"> Another aspect is that the accounting records are reliable, that the activity of the entity is effectively developed in accordance with the policies drawn up by the management, in attention to the goals and objectives foreseen.</div>
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<center><img src="https://softledger.com/wp-content/uploads/2022/02/Accounting-Controls.png"/></center>
<center> Source (<a href="https://softledger.com/blog/accounting-compliance-and-controls-what-to-know" target="_blank" rel="noreferrer noopener" title="This link will take you away from hive.blog" class="external_link"> softledger</a>)</center>
<p></p>
<div class="text-justify"> From this convention, it is necessary to understand that internal control is designed with the purpose of ensuring the assets used by an entity.  Thus, it is the organizations that must provide internal control measures to establish a tangible position on the assets belonging to an entity.</div>
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<p style style="line-height: 10%"><center><strong><sub>Transformational leadership and contextual performance</sub></strong></center>
<center><strong><sub>are the main factors that most influence organizational culture.</sub></strong></center><p>

<p style style="line-height: 10%"><center><strong><a href="https://openstax.org/books/principles-financial-accounting/pages/8-2-define-and-explain-internal-controls-and-their-purpose-within-an-organization" rel="noopener" title="This link will take you away from hive.blog">If you wish to expand on the subject, please visit this link</a></strong></center>
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