How internal audit processes correct and enable organizational development.

As one of the most important elements in the internal audit processes is the function of auditing, as well as the evaluation of knowledge in the operations for the proper development of the same.

Therefore, this process keeps the authorities of the company aware of the anomalies or weaknesses, so that the necessary measures can be duly taken at the most opportune moment, seeking to act in order to avoid greater evils, that is to say, in a preventive manner, thus providing solutions for the improvement of its operations and controls.

That is why, when companies do not give the importance to internal auditing as a platform for the management of accounts receivable, problems arise where there is evidence of inaccuracy in the management of accounts, inefficiency in management systems, inadequate supervision process, problems in the management of accounts receivable, lack of updated information, poor supervision of activities, untimely monitoring of delinquent accounts and non-compliance with accounting standards and procedures.

However, these problems may be caused by centralized decision making, as well as the use of inefficient accounting and administrative policies, and the lack of formal and clear guidelines established to guide the performance of the work, which can generate deficient processes, damaging the business management.

That is why the chain of authority, management, control and supervision must be committed to the organization and must join efforts to comply with the activities assigned to all members of the organization to reliably reverse the economic-financial situation of the company.

To conclude we can express that if these elements considered above are not carried out, it can result in low productivity, little development and business growth, as well as deviations, accounting, financial statements not attached to reality, that is, unreliable, as undoubtedly an inefficiency in the use of resources, in addition to the failure to comply with the plans and goals set.