Internal control as an efficient tool for the financial and accounting management of shrimp companies

Abstract

The present study emphasizes the central problem of the shrimp companies that are currently affected by the lack of proper internal control of their transactions, causing problems of an accounting nature that lead to the need to implement an internal control system based on their accounting. The aim is to determine how internal control helps improve the accounting and financial management of the different shrimp companies in the city of Machala, El Oro province. The bibliographic reference framework sets out the different concepts related to the subject of internal control and the importance of internal control in companies of any activity. The methodology describes the techniques, methods, tools such as the survey and the research units used for the collection of information, which will generate the basis for understanding the administrative and accounting situation of the shrimp companies, finally the results were analysed and interpreted, reflecting the indicators of the variables of the study subject for the verification of the objectives, to this end the survey guide gave rise to the vision of Accounting area should be aware of and be able to apply in its accounting standards and regulations, as well as corrective in accounting processes, and in particular in the control activities that are absent in companies, which are under consideration, so their level of definition is very general in order to guide the exercise of control effectively. There are no internal control practices for all processes, and the few that exist are not properly applied in the cases that occur.