Question:
You are the manager of an accounting department and would like to hire another managerial accountant to focus on internal accounting.
The CEO is not convinced that a managing accountant position is needed. Prepare a 1 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.