Supervision of Internal Control of Micro Companies in Mexico

Abstract

Based on scientific criteria, several concepts of internal control and their contextualization in micro, small, and mid-sized companies were evaluated. The main issues that hinder the growth of micro companies in Mexico are herein explained. This proposal is based on a supervision questionnaire about internal control, particularly to the above-mentioned entities, as a way to tackle the absence of such instrument. It was validated by expert’s criterion using the concordance coefficient. Its application in micro companies in Autlán de Navarro, Jalisco, evidenced various issues in subsystems, such as cash and bank, income, and creditors.