INTERNAL CONTROL SYSTEM FOR VERIFICATION OF PAYMENT REQUESTDOCUMENTS AT PT ANTAM TBK. UBPE PONGKOR: A REVIEW OF FINANCIALDIVISION ACTIVITIES

Abstract

The implementation of an internal control system in the form of verification of payment documents is crucial for ensuring the smooth operation of a company, including at PT Antam Tbk. UBPE Pongkor, where the finance division is responsible for the verification process of payment request documents. However, there are still frequent issues in its execution, one of which identified in this study is the completeness of document requirements that are often not met, potentially leading to delays in payment processing and errors in financial reporting. The objective of this research is to evaluate the effectiveness of the existing internal control system and provide recommendations for improvement. The method employed in this study is participatory observation, where the author is directly involved in daily payment document verification activities. The results indicate that there are several incomplete documents and a lack of understanding among employees regarding the necessary document requirements. Additionally, it was found that communication between the finance team and other departments needs to be improved to ensure document completeness. Proposed recommendations include regular training for employees on document requirements and the development of a checklist system to facilitate verification. By implementing these recommendations, it is expected that the internal control system can be enhanced, thereby improving efficiency and accuracy in the verification process of payment request documents.