Internal Control and its particularities in the Angolan context for micro, small and medium enterprises

Abstract

In recent years, the creation of internal control standards and procedures in accordance with the structures of the most used models internationally, contribute to strengthen the internal control of organizations, to promote corporate culture and corporate governance, but not in Angola, where there are no internal control regulations, which affects the control of financial resources that the State makes available to companies, leads each year to business failure and failure to comply with the National Development Plan approved in each five-year period, aimed at the diversification of the economy, reduction of unemployment and the fight against poverty. The objective of this work is to theoretically and conceptually base the different models and approaches of internal control and their particularities for the Micro, Small and Medium Enterprises, especially the COSO and King models, with a view to adapting them and / or harmonizing them to Angolan conditions.