Internal control analysis based on the ISO_37001 standard, in the financial administrative area

Abstract

Internal control is very important in any company; reducing the risk of internal or external fraud in a company can lead to serious economic problems; The implementation of ISO 37001 Anti-bribery Management Systems, created in 2016, becomes an excellent tool to mitigate this type of risk. This research carried out at the company Franz Amrhein & Co., S.A. focuses on the financial-administrative area during the first semester of 2022 and its main objective is to generate the evaluation of the control measures for said area, through a study of the current processes with qualitative and descriptive research methodology that allow to analyze, observe , the properties and characteristics of the administrative processes to determine existing vulnerabilities in relation to the standard. Among the main findings of the investigation was the lack of documentation and formalization of procedures and policies, as well as weaknesses in the segregation of some activities. Finally, the recommendations are concise steps that will allow the company to gradually implement ISO 37001, from developing a code of ethics to implementing a matrix of attributions.