Evaluasi Pengendalian Internal Atas Proses Penerimaan dan Pengeluaran Kas : Studi Kasus Pada Perusahaan Riset dan Konsultasi

The purpose of this study is to investigate the effectiveness of internal control system especially on cash receipt and cash disbursement cycle at research and consulting company using COSO Internal Control – Integrated Framework (2013). By applying case study method, the evaluation was performed on five components of COSO which are control environment, risk assessment, control activities, information and communication, and monitoring activities. The result indicates that the internal control system on the company is not fully effective, especially on control environment, control activities and monitoring activities. There are several internal control weaknesses such as lack of supervision, no segregation of duties, unspecific risk assessment, too general objective formulation, risk of financial statement manipulation because of reward system, and inconsistent meeting schedule. However, the company has already shown commitment to improve internal control, trust to the employee in monitoring activities, and consistent evaluation of internal control and performance review.