Control Systems In A Company

Control systems in a companyThe various control systems in an enterpriseThe Management Control function is part of a set of control systems that exist today in business and that somehow try tocomplement each other. Some are "mandatory" and other volunteers. Let's see the main ones:1. health, environmental, labor and tax inspections: starting with the most obvious, these mandatory inspectionsfocus on very specific aspects of the company's business. They are regulated, have their deadlines, and develop a work when sanctioning breaches of the respective regulations occur.2. Quality audits,quality certificates, etc .: in the aspect of product and process, there are quality control systems that result in certifications that guarantee compliance by third parties of the company's minimumstandards (AENOR , ISO, etc.). Control processes are business oriented force companies to better internal organization.3. Audit of accounts: mandatory for certain companies based on their size or forother reasons, auditors express an opinion on the financial statements of the company through four types of results:• Favorable opinion: the financial statements present fairly the financial economicsituation of the company.• qualified opinion: the financial statements present fairly the financial economic situation of the company except for certain exceptions set forth in its report.• reviewdenied: there are so many exceptions that the financial statements do not reflect the economic and financial situation of the company.• No opinion: auditors have failed to have sufficient information to dotheir jobs and meet all audit procedures and, therefore, can not comment.• As we see, the auditors do not work or process compliance, or whether the company is good or bad from the point of view ofthe business (with exceptions).4. Internal audits: to make a film metaphor, are "internal affairs" in the police. The internal audit function is responsible for verifying compliance with the rules...