Internal Control System as A Mechanism for Improving Financial Disclosures "Ifrs S1" in State Entities.

Abstract

The modernization process of the public accounting system and its adaptation to international standards leads to the continuous review of the management tools of public entities, more specifically, it is sought to understand how the Internal Control System (ICS), based on the MECI, makes it possible to meet the requirements of these standards. Since the issuance of the International Financial Reporting Standard S1 (IFRS S1), a reference has emerged for public entities not only to disclose financial information, but also to establish how their environmental and social impacts should be addressed and presented. This encourages the presentation of more transparent information and, in turn, contributes to the fulfillment of the Sustainable Development Goals (SDGs). Therefore, the objective of this research is to analyze the Internal Control System as a mechanism to improve financial disclosures in accordance with IFRS S1 in state entities. This research is based on a descriptive and documentary approach.