Analisis Pengendalian Internal Utang Usaha dalam Perspektif COSO Framework

Abstract

The aim of this research is to examine the internal management of accounts payable within PT XYZ based on the COSO Framework. The research utilizes a case study approach paired with a qualitative methodology. Data collection involved observations, interviews, and the review of documents. The result indicate that PT XYZ’s internal accounts payable control has, for the most part, been implemented successfully and in accordance with the five elements of the COSO wich are control environment, risk assessment, control activities, information and communication, and monitoring activities. The study found a clear segregation of duties between the Accounting Division and the Finance Division, comprehensive document verification procedures, and continuous monitoring of transactions. In addition, the Invoice Examination Summary (IPT) serves as a key internal control instrument that supports document verification, accounting records, communication of information, and transaction traceability. However, the accounts payable process continues to be carried out manually with the aid of Microsoft Excel and is not supported by an integrated accounting information system, creating a risk of administrative errors and increasing dependence on employee accuracy.