Examen especial a la cuenta inventarios de mercaderías basada en la NIC 2 aplicada a la Empresa “Peñapaz Ltda.” de la ciudad de Ambato, provincia de Tungurahua, período 2014

Abstract

A special assessment has been performed to the merchandise inventory based on IAS 2 (International Accounting Standard 2– Inventories) applied to “Empress Peñapaz Ltda.” from the city of Ambato, Tungurahua Province. It has been done in order to determine the efficacy, efficiency, and effectiveness in the processes of control, purchases, and sales as to consider them as the basis to define and apply audit procedures by using IAS 2 as a tool, and to analyze the documentation that verify the registered processes. All this in order to determine shortcomings or weaknesses the enterprise may be going through. These findings have been described in a detailed way and presented in the final report. As a conclusion it can be said that the enterprise should implement an efficient internal control system; therefore, it is recommended to the manager and the administrative staff to review the accounting provisions in order to project security in the different procedures and to reach a high degree of reasonableness. It is necessary to train the staff in charge of accounting matters to get acquainted with the legal provisions expressed in the International Accounting Standard 2 – Inventories so that they are able to do periodical assessment on the accounting side of the enterprise. These should allow the enterprise to determine if the operations are within the normal parameters or if they require some remedial actions and implement an adequate inventory control system that generates timely and reliable information.