Financial Education | Reasonable confidence on current administrative assets

Based on yesterday's post, today I will continue to present alternatives to detect deviations through internal control measures aimed at preventing, guiding irregularities and providing reasonable confidence on the current assets owned or invested.

Internal control has been understood for many decades as the set of plans, measures, methods and procedures adopted by an organization to ensure that assets are properly protected.

And also that they are duly protected, 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.

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.