Study and Analysis of the Accounting Processes in the CompanyLASTOM S.A in the City of Guayaquil

Abstract

The objective of this research is to determine the existence of incorrect accounting procedures in the company LASTOM S.A., in which each component of the accounting process is analyzed, starting from the verification of the documentation and the accounting and tax regulations. The reference framework of the research was based on the theories of accounting processes, the presentation of financial statements and IAS 7 cash flow, accounting standards, IFRS, internal audit, tax and external audit. Methodologically, the research is defined as a descriptive field study. The main conclusions reached are given in the existence of errors in the accounting processes, lack of documentation, out-ofdate registration, incorrect use of accounting regulations and tax laws, incorrectly manipulated accounting accounts, there is no supervision external (not External Audit reports); Despite the results indicating that the records and processes are based on international IFRS, the legality of these accounting processes is unknown, because there is indecision regarding the veracity of the Internal and External Audits, it is not known if they have existed. , not even by the superiors of the company's Accounting Department.