You are the manager of an accounting department and would liketo hire another managerial accountant to focus on internalaccounting. The CEO is not convinced that a managing accountantposition is needed. Prepare a 12 page memo for the CEO on thefollowing:Explain the objectives and characteristics of an internalaccounting system.Include an explanation of the importance of this information tothe company.Include an explanation of ethics in business and the managerialaccountants role in upholding the code of ethics.