Auditoría financiera a la escuela de conducción profesional Gorge Washington de la cuidad de Riobamba, provincia de Chimborazo, periodo 2018

Abstract

The Financial Audit at the George Washington Driving school, located in Riobamba city, term 2018, aimed to evaluate the financial management and control to determine the reasonability of the financial information provided and the efficiency and effectiveness of the activities in the accounting area. In this paper, an interview to the manager of the institution was applied, and the internal control questionnaires and the direct observation of the development of each of the activities in the area as well as summary and analytical reports for the execution of the financial audit which showed minimum errors and weaknesses in the financial management and control of activitivies which generates a high level of confidence versus a low level of risk. In conclusion, the lack of an Internal Processes Manual for the accounting area to rule the development of activities and responsibilities. Also, it was evident the inadequate number of workers in this area, causing an overloaded work and functions to a person; all of these reasons triggers failure to perform certain functions and determine responsibilities in the institution. Therefore, the audit group established certain recommendations in order to improve the development of activities and the adequate distribution of functions in the accounting area of the company for the effective achievement of institutional goals.