Profitability question

• 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.

• Based on the company
  you researched in the e-Activity, assess the financial “red flags” that
  would have indicated that the company may be having financial difficulty
  providing suggestions related to how management should address these
  problems. Provide support for your rationale. e-Activity: Search the
  Internet for a publically traded company that recently filed for
  bankruptcy protection. Review the most recent financial information for
  the company and be prepared to discuss.
• Evaluate whether or
  not you are confident that the models used for predicting bankruptcy would
  have been adequate to predict the invariable bankruptcy of the company you
  researched. Provide evidence supporting your position.

Please make sure that answer is in at least one paragraph form and keep answers and questions together when answering the question. Thanks