Internal control system to safeguard cash inflow.

Today's business world requires an efficient management process, which allows to achieve the objectives of the organization in an effective way, in order to fulfill its mission; hence the companies seek every day to achieve a high level of development by optimizing their income and reducing costs, it is for this reason that most companies use control mechanisms specially adapted to their needs.

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The establishment of an internal control system within a company is very important because they are tools to provide information or make decisions to detect weaknesses, risks, among others, to apply corrective measures, in order to cope with the demands of the environment and competitive pressure, which force to evolve to respond to changes in the market, technology and company policies. According to Cepeda (1997), the design of an adequate internal control system implies not only a technical mastery of the subject but also a knowledge of the specific environment in which it will be applied. Internal control is directly related to the normal operations of an organization, since it is necessary to be convinced that the financial information is secure and reliable, and that this is achieved through the entity's internal control system.

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In this regard, it is important to point out that Article 35 of the Organic Law of the Comptroller General of the Bolivarian Republic of Venezuela and the National Fiscal Control System (2010), also states that: Internal control is a system comprising the organizational plan, policies, standards, as well as the methods and procedures adopted within an entity or body subject to this law, to safeguard its resources, verify the accuracy and veracity of its financial and administrative information, promote efficiency, economy and quality in its operations, stimulate the observance of prescribed policies and achieve compliance with its mission, objectives and goals. At present, the most common problems that lead companies to fail throughout the country are the failure to establish an internal control system for the safeguarding of cash, to make the financial information reliable and to identify any irregularities that may occur. It is important to emphasize that the company that applies internal controls in its operations, will lead to know the real situation of the same, that is why, the importance of having a planning that is able to verify that the controls are fulfilled to give a better vision on its management.ls.