In any company, regardless of the sector to which it belongs, the division of managerial and administrative functions becomes one of the key elements for a correct and effective internal control, which leads the business entity to economic and financial success.
The business entity can achieve economic and financial success through the division of functions, because the division of functions revolves around the premise that a single person should never be allowed to be in charge of the entire process of carrying out a business transaction in order to achieve the objectives entrusted to him/her.
It follows that the achievement of quality objectives in all aspects of operations is a universal criterion of organisational performance in service alike.
To this end, it must be ensured that each transaction passes through several different people whose functions are unrelated to each other, so that the officials who carry out the transaction cannot intervene in the recording of the transaction or have custody of the goods involved.
