The effectiveness of internal control in good corporate governance and urban transport transdiaz sodetrans sas barranquilla city

Abstract

Given that Internal Control is tasked orient toward fulfilling the mission of the organization; of course, it is essential that the organization has well defined mission and is known for its personnel, it is important to understand that a good internal control provide reasonable assurance regarding the achievement of goals and objectives, although internal control cannot guarantee alone the organization to achieve these goals and objectives. However, compliance with the goals and objectives is more likely if the internal control is effective. The present study aimed at identifying the effectiveness of internal control in enterprises and Urban Transport Trandiaz, Sodetrans SAS Barranquilla, during the period 2013-2, using the deductive method and qualitative-descriptive methodology through COSO Report tool result was that the level of internal control in these two urban public transport companies is high, since most of the score exceeds 3.5 in the range of 1-5 and maintains much of the items on April. which indicates that has been developing the internal control process successfully. Concluding that the Urban Transportation companies Trandíaz Sodetrans and SAS, of Barranquilla, despite being in its infancy in terms of modernization, it was observed that this process is well under way, as the tool to implement the COSO Report found that: Companies will have a good grasp of the elements of COSO system in environment control, on the other hand have good use of the channels of communication and information, and the same with the control and monitoring activities. Being his weakness in risk management, where the lowest score was obtained. What has allowed the internal control process to work successfully, but need to improve risk management and to reach the fulfillment of the proposed objectives with internal control.