EVALUATION OF INTERNAL CONTROL ON CASH DISBURSEMENT IN BPIP

Abstract

This research aims to evaluate internal control on cash disbursement in any detail to see how internal control suppose protect its process on cash disbursement. It is very important for all companies that want to create the effective procedures for increasing the internal control aims. The research conducted in qualitative method. The datas are collected through field research directly in order to get primary data. The research would rely on literature review and field research which includes inquiry of the client by doing interview with the process of each business process related to cash disbursement of the organization, analytical procedures, observation of the organization’s document, and documentation. Using depth qualitative method, the results show in this research presents the existing internal controls does not fully support the control environment and control activities. Redesigning cash disbursement procedures which stressing on the function of written standard operational procedure. A clear written standard operational procedure structure is must.