Write a memo to the CFO as the new internal controller regarding the current situation of financial reporting. Specifically, you must address the following rubric criteria: Explain one area of concern from the scenario that relates to financial reporting. Include the following in your response: Professional accounting standard of concern Purpose of professional standards in financial reporting Violation of internal control Analyze the relationship between internal controls and financial reporting based on the area of concern identified from the scenario. Include the following in your response: Ethical considerations Provide suggestions to remediate the area of concern identified from the scenario. Include the following in your response: Suggested internal control implementation Professional accounting standards for remediation