Internal accounts and accouting systems-chic paints limited Assignment

Internal accounts and accouting systems-chic paints limited - Assignment ExampleThe report has extensively included a wide number of research studies with the succor of online journal articles, books and websites in order to review the accounting systems at CPL, especially its potentiality and the internal control process. At the initial stage of the report, the discussion has encompassed an in-depth apprehension of the role of accounting system of the organization and the importance of internal controlling process. The goal of assessing the current accounting system and the internal controlling process has been intercommunicate by critically evaluating the accounting techniques as well as tools used by the organization. In addition, the discussion also included the existing ethical standards and practices associated with various accounting activities in CPL. In this context, the report has been incorporated for identifying a number of ethical standards along with actual possibl e breaches of professional ethics to instruct the effectiveness of the ethical principles and practices in CPL. Correspondingly, the research report has also reviewed the existing cultural environment at CPL in terms of maintaining ethical standards in the accounting processes. In this regard, the discussion has incorporated a critical evaluation through analyzing the effectiveness of ethical standards in CPL in its various accounting practices. In order to determine the weaknesses in accounting practices, the report has also provided a set of effective recommendations to improve the existing issues associated with accounting functions.