Nowadays, competent organizations must establish standards and procedures on adequate controls to help prevent, detect and correct any inconvenience at any given time.
For this reason, the internal audit process helps management in many aspects to supervise the processes, as well as to improve its operations, ensuring the achievement of the established goals, placing a different and dynamic approach, which allows to evaluate and improve all the risk management processes.
In this context, it is very important to highlight that internal audit is an operational unit of the organization that aims to lead the processes of the risk exposure they face, as well as to be understood and managed appropriately within changing dynamic contexts.
In this sense, from an administrative and accounting point of view, the internal audit as a process allows from an economic perspective the proper management of outstanding obligations and that are contracted by customers, and which are also usually defined as accounts receivable, which are the amounts that third parties owe to the company and that should be subject to audit in the accounting cycle.
In other words, easier to understand, they are all the financing or credits granted by the company to its customers and that must be managed efficiently through an adequate internal audit process..
Therefore, it is evident that for the proper management of accounts receivable, successful companies must apply an effective internal audit process to ensure that failures or risks are detected and appropriate capital recovery measures are applied.