Accounting Valuation and Ethics

Asa CFO of a publically traded company, suggest how you would create an ethicalenvironment to ensure account balances are correctly valued and reported sothat information is reliable for users. Provide support for yourrationale. Assessthe ethical requirements as outlined in the Sarbanes-Oxley Act, indicatingwhether or not you believe the requirements are adequate to ensure integrity infinancial accounting and reporting activities. Suggest improvements that may beneeded while providing support for your rationale.Intoday’s business environment where publicly traded companies feel pressure tomeet short-term earnings expectations, management may be tempted to “manageearnings”. Assess how a financial statement user may be able to detect managedearnings when reviewing the firm’s balance sheet, income statement, andcash-flow statement. Indicate how a potential investor might interpret these“red-flags”. Provide support for your rationale.Assesshow the Sarbanes-Oxley Act addresses the concern of corporate “managedearnings”, indicating whether or not you believe the requirements within theAct are sufficient to minimize these concerns. Provide support for yourrationale.Pleasekeep question and answers together such as bullet point, question, and answerunderneath. Also please include at least one reference. All answers can be aparagraph long.