The role of the COSO internal control model in preventing errors and fraud in business: An research in Elazığ manufacturing sector

Today, ensuring the sustainability of businesses and gaining advantage in the competitive environment is not limited to the creation of financial data alone; it also requires checking the accuracy of this data and using it effectively in decision-making processes. In this context, the functional structuring of the accounting organization is of great importance in terms of; clear determination of tasks, coordinating the work of the departments with each other and ensuring the healthy flow of information. Internal control system is a system that must be established to ensure that the activities of the enterprises are not disrupted and to achieve the determined goals. With an effective internal control system, the protection of the assets of the enterprises and their effective and efficient use, ensuring the reliability of accounting information, ensuring the reliability of financial statements, reducing the risk of fraud and corruption in enterprises are ensured. In the study, the requirements of an effective internal control system are explained and its use in fraud prevention and detection is explained. The aim of this study is to examine the role of the COSO internal control model in preventing errors and frauds in enterprises operating in the manufacturing sector in Elazığ Province. It was conducted to determine whether the internal control system of these companies was established at a sufficient level to prevent errors and frauds and to make evaluations and recommendations on how to eliminate the identified internal control deficiencies.