Question: The accounting managers wants to hire a management accountant to develop and implement internal controls. The CEO does not understand how this would help the firm. Prepare a memo to tell the CEO the reasons this hire is a good idea. Be sure to explain the following in the memo:
*Objectives and characteristics of an internal accounting system.
*The importance of this information to the company.
*An explanation of ethics in business and the managerial accountant's role in upholding the code of ethics.
Include a comment about the IMA code of ethics.