Abstract:
This study aims to analyze the internal control system for cash receipts and
disbursements at PT Perkebunan Nusantara IV. The main focus of the
research is the evaluation of the effectiveness of the internal control system
based on the components of risk assessment, control activities, as well as
information and communication. This study uses a descriptive qualitative
approach, with data obtained through interviews and documentation. The
results indicate that PT Perkebunan Nusantara IV has implemented a fairly
effective internal control system, including systematic procedures for cash
receipts from the collection to the safekeeping of funds, as well as structured
cash disbursement procedures supported by a multi-layered authorization
mechanism. Despite fluctuations in sales performance during the 2018–2022
period, including a significant decline in 2019 due to falling product prices
and the impact of the COVID-19 pandemic, the company managed to
recover and improve its performance in the following years. Identified
weaknesses, such as incomplete documentation and limitations in the
integrated information system, did not significantly affect the overall
effectiveness of internal control due to strong operational supervision. This
study recommends improving compliance with document authorization
procedures, developing an integrated information system, conducting
periodic evaluations of the internal control system, and optimizing the use of
technology to strengthen internal controls over the company’s cash receipts
and disbursements.
