Internal Control and Accounting Systems

The report comprises of internal controls adopted by A & Z vehicle in its practices. It helps in establishment of internal controls which are necessary to protect business transactions in order to avoid any kind of fraud. Fraud is a planned activity which is committed to embezzle cash or miss appropriate assets of company. The company has weak internal controls and require huge changes in its management practices in order to improve its workings and professional standards. The recommendations made by this report in order to overcome management practices and internal controls include training of management staff, installation of accounting software and changes in organizational culture of company. The cost benefit analysis tells about the costs incurred by the company and the benefits earned by providing services to customers.