Internal control as an organizational learning strategy: the COSO model and its scope in Latin America

Abstract

Previously, the control was considered to be an element of correction or detection of problems, the aim of the present article is to demonstrate the utility of applying a control of preventive character and integrating the notions of feedback and learning. By means of the model COSO is possible to link the thought of the workers with a tool that adds value. This model increases the possibilities that an organization is managed in an efficient and integral way thanks to a methodology sustained in the constant improvement. At present, it is important to take the internal control as a priority. It is necessary that there exists an area specialized in this task as accountancy or audit. The principal intention of the system COSO is to detect opportunely any significant diversion in the fulfillment of the goals.