Examen especial a la cuenta activo fijo propiedad planta y equipo y su incidencia en la rentabilidad de la Empresa Alimentos Ecuatorianos S.A. del cantón Cayambe, provincia de Pichincha, período 2014

Abstract

The present research aims to make a Special Examination to the Fixed Asset Account Property Plant and Equipment and this incidence in the profitability of Alimentos Ecuatorianos S.A. company; from Cayambe canton, Pichincha province, period 2014, in order to evaluate the System of Internal Control implemented in the company for the proper control of Fixed Assets. It is proceeded to verify the reasonableness of the balances presented in the Financial Statements in accordance with the international Accounting Standard (IAS) and the International Financial Reporting Standards (IFRS). It is established the stages of the Special Examination which has three phases: the Planning, Execution and Final Report, the same were conducted in compliance the existing standards, Internal Control Standard and other legal dispositions, then, it is evaluated and presented the Report of the Internal Control, which contains the most important findings and sufficient evidences that expected to support the examination carried out of the fixed Assets. Among the main findings, it was found completely depreciated assets, outdated Fixed Assets, Non-Existent Assets, Machinery and Equipment without valuation at current cost, assets sold and not derecognized; the same as those that after the real balance of the Fixed Asset account, affecting its Profitability. It is recommended that the company observers and applies the procedures established in IAS 16 and IFRS 17, which describe about the treatment of the Plant and Equipment Property that will allow to the company’s highest authorities to make acceptable decisions for the appropriate usage, control and custody of assets, which are owned by the company.