ANALISIS SISTEM PENGENDALIAN INTERNAL DALAM MANAJEMEN KEUANGAN & KEBERLANJUTAN PADA ORGANISASI NON-PROFIT DENGAN PENDEKATAN COSO: STUDI KASUS PADA AIESEC IN UMM

This study aims to analyze the implementation of the Internal Control System (ICS) in financial management and sustainability within a non-profit organization, specifically AIESEC in UMM, using the COSO (2013) framework. This research employed a qualitative approach with a case study method by analyzing organizational documents, including policies, financial reports, audit reports, and operational supporting documents related to internal control practices. The analysis focused on the five COSO components: Control Environment, Risk Assessment, Control Activities, Information and Communication, and Monitoring Activities. The findings indicate that AIESEC in UMM has generally implemented an adequate internal control system, where most COSO principles were fulfilled through formal policies and supported by evidence of implementation. The Control Environment component showed the highest level of compliance, while the Control Activities, Information and Communication, and Monitoring Activities components were also considered fulfilled through documented procedures, communication mechanisms, and periodic evaluations. However, one principle within the Risk Assessment component, namely the establishment of clear objectives, was found to be unfulfilled because the organization had not achieved the minimum standards for the Monthly of Cash Reserve (MoCR) and Monthly of Financial Reserve (MoFR) indicators. Overall, the implementation of the Internal Control System at AIESEC in UMM is generally aligned with the COSO (2013) framework, although improvements are still needed in maintaining long-term financial sustainability.