Complete 20 page APA formatted essay: Internal accounts and accouting systems-chic paints limited.The report has extensively included a wide number of research studies with the help of online journal

Complete 20 page APA formatted essay: Internal accounts and accouting systems-chic paints limited.

The report has extensively included a wide number of research studies with the help of online journal articles, books and websites in order to review the accounting systems at CPL, especially its effectiveness and the internal control process. At the initial stage of the report, the discussion has encompassed an in-depth understanding 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 addressed 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 different accounting activities in CPL. In this context, the report has been incorporated for identifying a number of ethical standards along with actual possible breaches of professional ethics to determine 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.