PART 1 PLEASE RESPOND THE FOLLOWING QUESTION NO LESS THEN 350 WORDS (ORIGINAL WORK, NO PLAGIARISM, 1 Reference
Part 1 of our week discussion questions require us to discuss Profitability.
Please watch this Youtube lecture videos on "Profitability" to guide your understanding and response to our week discussion questions:
https://www.youtube.com/watch?v=Ri0XfJuru8s
https://www.youtube.com/watch?v=RpHluVpU74U
Profitability" Please respond to the following:
As part of the Sarbanes-Oxley Act, corporate officers are no longer able to "pass the buck" of responsibility for ensuring adequate controls over financial statements and reporting activities thus ensuring the accuracy of financial statements. Assess the adequacy of the provisions contained within the Act, indicating whether or not you believe requirements will improve the accuracy of financial statements and reporting. Provide support for your rationale.
Given the requirements contained in the Act for CEO and CFOs to certify the adequacy of controls and financial statement accuracy, evaluate your comfort level with this requirement should you become a CFO of a publically traded company. Provide support for your rationale.
PART 2 Please generate an answer for the discussion that I will provide via massage (this discussion is from a only student that I have to reply back no less than 250 words)