Proceedings of the 4th International Conference on Innovation in Engineering and Vocational Education (ICIEVE 2021)

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The Strengthening of Internal Control System as an Effort to Maximize the Functions of the Supervisory Agency

Authors
Amelia Ika Pratiwi*, Purweni Widhianningrum, Anisya Sukmawatianisyasukmawati@ub.ac.id, Sendy Cahyadi
Brawijaya University, Malang, Indonesia
Corresponding Author
Amelia Ika Pratiwi
Available Online 30 March 2022.
DOI
10.2991/assehr.k.220305.064How to use a DOI?
Keywords
internal control; foundation; COSO
Abstract

This study aims to determine the application of internal control to the management of funds at the Paramitra Foundation, Indonesia. The research method used is a qualitative descriptive method that uses a case study approach. Data collection is done through interviews and documentation which is then analyzed based on the components of internal control according to COSO. Every institutional management will always be associated with the competence of the manager. One of these competencies is the ability to carry out internal control functions to improve, directing, controlling, and supervising various activities so that the foundation’s goals are achieved. The results of the study indicate that the internal control implemented by the Paramitra Foundation has several weaknesses, but overall the control has been running effectively. Documents in the form of financial records are sufficient even though they are still manual based systems. This is evidenced by the findings of financial record documents that can be used as a basis for information sources that can be used to monitor the foundation’s operational activities. In addition, each employee has a task assigned according to the responsibilities of each party concerned.

Copyright
© 2022 The Authors. Published by Atlantis Press SARL.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 4th International Conference on Innovation in Engineering and Vocational Education (ICIEVE 2021)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
30 March 2022
ISBN
10.2991/assehr.k.220305.064
ISSN
2352-5398
DOI
10.2991/assehr.k.220305.064How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press SARL.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Amelia Ika Pratiwi
AU  - Purweni Widhianningrum
AU  - Anisya Sukmawati
AU  - Sendy Cahyadi
PY  - 2022
DA  - 2022/03/30
TI  - The Strengthening of Internal Control System as an Effort to Maximize the Functions of the Supervisory Agency
BT  - Proceedings of the 4th International Conference on Innovation in Engineering and Vocational Education (ICIEVE 2021)
PB  - Atlantis Press
SP  - 317
EP  - 320
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220305.064
DO  - 10.2991/assehr.k.220305.064
ID  - Pratiwi2022
ER  -