The Strengthening of Internal Control System as an Effort to Maximize the Functions of the Supervisory Agency
- DOI
- 10.2991/assehr.k.220305.064How to use a DOI?
- Keywords
- internal control; foundation; COSO
- Abstract
This study aims to determine the application of internal control to the management of funds at the Paramitra Foundation, Indonesia. The research method used is a qualitative descriptive method that uses a case study approach. Data collection is done through interviews and documentation which is then analyzed based on the components of internal control according to COSO. Every institutional management will always be associated with the competence of the manager. One of these competencies is the ability to carry out internal control functions to improve, directing, controlling, and supervising various activities so that the foundation’s goals are achieved. The results of the study indicate that the internal control implemented by the Paramitra Foundation has several weaknesses, but overall the control has been running effectively. Documents in the form of financial records are sufficient even though they are still manual based systems. This is evidenced by the findings of financial record documents that can be used as a basis for information sources that can be used to monitor the foundation’s operational activities. In addition, each employee has a task assigned according to the responsibilities of each party concerned.
- Copyright
- © 2022 The Authors. Published by Atlantis Press SARL.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Amelia Ika Pratiwi AU - Purweni Widhianningrum AU - Anisya Sukmawati AU - Sendy Cahyadi PY - 2022 DA - 2022/03/30 TI - The Strengthening of Internal Control System as an Effort to Maximize the Functions of the Supervisory Agency BT - Proceedings of the 4th International Conference on Innovation in Engineering and Vocational Education (ICIEVE 2021) PB - Atlantis Press SP - 317 EP - 320 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.220305.064 DO - 10.2991/assehr.k.220305.064 ID - Pratiwi2022 ER -