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.
| Grading Criteria | Percentage |
| Objectives and characteristics of an internal accounting system |
35% |
| Importance of internal accounting information to the company |
35% |
| Ethics in business and the managing accountant's role |
30% |
Please submit your assignment.