Auditoría financiera a la cooperativa de ahorro y crédito Pucará Ltda; de la ciudad de Latacunga; provincia de Cotopaxi del periodo 2019

Abstract

The objective of this research was to carry out a Financial Audit of the Savings and Credit Cooperative, Púcara Ltda. Latacunga city, Cotopaxi Province in 2019. This Financial Audit seeks to determine the reasonableness of the financial statements and guarantee that the information presented is timely, valuable, and appropriate in decision making. In this research, the treatment of the phases of auditing, Planning, Execution, and Communication of results was essential. In addition, financial analysis, internal control, and financial indicators were techniques used. Also, the financial analysis helped verify reasonable variations from period to period. For this reason, internal control questionnaires applying the COSO II inspection and inquiry methods lead to identifying critical points in the final report. Other findings revealed weaknesses such as lack of socialization and deepening of the code of ethics, manuals, policies, and procedures with the staff; lack of improvement and updating of credit and collection policies, and errors in the system that must be relieved immediately. To conclude, using and implementing virtual and physical instruments will support to publicize of the code of ethics, as well as training to publicize its content and its importance to reduce costs because of increased efficiency in general and fulfillment of institutional objectives; evaluate current credit and collection policies to reduce the risk of non-payment. In addition, the financial indicators analyzed the efficiency and effectiveness of economic operations. The accounts examined included Loan Portfolio, Obligations with the Public, Interest, and Discounts on Loan Portfolio and Operating Expenses