Auditoría financiera a industrial Industrialpetrol S.A., parroquia Nuevo Paraíso, de la provincia de Orellana, período 2019

Abstract

The development of the Financial Audit for INDUSTRIALPETROL was carried out to know how reliable the accounting and financial movements are, which means, the reasonableness of its financial statements presented. To evaluate this process, the necessary information was collected to understand and evaluate each activity, therefore in the methodological framework different methods, techniques, and research procedures were applied for such collection. In addition, surveys and interviews were conducted with company personnel, as well as administrative staff where they presented the shortcomings that exist because of the current accounting system used by the company. For the development of the Financial Audit, the vertical analysis of the financial statements and the internal control questionnaire was carried out, where it was reflected that the account where the greatest error exists is in accounts and documents receivable because there is not adequate use of the accounting system by those in charge, in addition, provisions are not made for this account, which is the most representative one. In addition, there is a lack of portfolio recovery policies, causing losses in the future, and directly affecting the economic activities of the company. Finally, financial indicators were applied to interpret the balances of the accounts, and summary statements that help to know the real values that the company has in accounts and notes receivable