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CFOs, CIOs and the new era

Chief financial officers and chief information officers have separate burdens to bear within a company (chief financial officer news). But both are as critical as ever, and both positions seem to... Read more...

Enduring fight: CFOs vs. CIOs

The rift between the CFO and the CIO is near mythic in many places. It's one of those common flashpoints that almost define the job--kind of like bankers versus traders on Wall Street. There has been... Read more...

Do CIOs flaunt risk?

The tension between CIOs and CFOs within organizations is nothing new. People have been talking about this for years. In the Sarbanes-Oxley era, these tensions seemed to reach their boiling point,... Read more...

The expanding role of the CFO

In the post Sarbanes-Oxley environment, the idea that the CFO's role was dramatically changing was discussed in great detail. We noted that the CFO's newfound compliance and earnings sign-off... Read more...

A CFO extortionist or a whistleblower?

Paul Liska, the ex-CFO of Motorola, has sued the firm for $1.5 million in severance pay plus punitive damages. He claims he was essentially, fired for not signing off on "unsubstantiated and... Read more...

CFO turns on Allen Stanford

We noted recently that when it comes to compliance, the CFO plays a critical role. The PCAOB, in fact, has suggested to auditors that they focus their attention on the CFO when it comes to small... Read more...

New guidance for auditors: Focus on small-company CFOs

When it comes to small companies, a really good CFO can make all the difference. The PCAOB has released new guidance in the form of an instruction manual designed to complement AS5, notes CFO.com. It... Read more...

Unintended consequence: Sarbox clawback helps execs keep money

Recall that Section 304 of Sarbanes-Oxley offered what everyone thought was a clawback provision: If an issuer is "required to prepare an accounting restatement due to material noncompliance," the... Read more...

Family businesses struggle with Sarbanes-Oxley

Even though Sarbanes-Oxley only applies to publicly traded companies, its influence has been felt in other areas. Many large nonprofit organizations and small companies have voluntarily adopted the... Read more...

The rise of chief administrative officers

Let's face it, chief financial officers do not have a lot of time on their hands. With ever changing financial and reporting standards (from IFRS to web-based reporting to Sarbanes-Oxley), they have... Read more...