You are the manager of an accounting department and would like to hire another managerial accountant to focus on internal accounting. The chief executive officer (CEO) is not convinced that a managing accountant position is needed. Prepare a 2-page memo f

You are the manager of an accounting department and would like to hire another managerial accountant to focus on internal accounting. The chief executive officer (CEO) is not convinced that a managing accountant position is needed. Prepare a 2-page memo for the CEO on the following:

• Explain the objectives and characteristics of an internal accounting system.
• Include an explanation of the importance of this information to the company.
• Include an explanation of ethics in business and the managerial accountant's role in upholding the code of ethics.

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