The objective of the verification of the systems is focused on the periodic verification of the correct reflection of the real transactions to the information generated by the established accounting processing system, so that possible errors can be detected.
From this point of view, it is indicated that techniques should be adopted for the evolution of the results, once the transactions have been processed, which are obtained from the defined controls; these techniques are usually focused on periodic reviews carried out by persons independent from those who normally carry out the processing of the transactions.
Obtaining accurate and reliable information. All the records created under the objectives described above must generate a flow of information output which will be summarized in an accurate and correct way through the presentation of financial reports, which will reflect the financial situation and position of the entity.
As well as its variations, budgetary data and other special studies (such as investments, and cash flows among others), hence at certain moments in time, these will serve as a basis, once analyzed and interpreted for decision making by the governing bodies of the entity.
Adequate segregation of duties. The complete cycle of a transaction must be processed by different persons in order to avoid errors and restrict the possibilities of fraud, the transaction will be developed by assigning different competences, which will give rise to a division of functions until the final recording of the same, thus for example divisions will be established between operational responsibilities and those of recording, custody of assets and accounting functions, authorization of operations and custody of assets related to such operations and between the functions of the accounting cycle until their recording.