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CFO
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Latest Headlines
CFOs should take an expansive view of risk management
When we talk about risk management in this publication, we're often talking about IT risk management and financial reporting risk management, which are no doubt important. But the whole idea of risk management has expanded greatly.
Companies aim for better financial close
If there is one thing that raises anxiety within the financial unit, it's the financial close, that is, the process by which financial statements are finalized for filing with the SEC. Any CFO will
Companies ponder new disclosure guidance
We noted recently that all the security breaches this year have thrust the issue of disclosure into the spotlight. Some companies, like Citigroup, were criticized--fairly or not--for what some
SEC wants to empower compliance officers
We've been discussing the status of compliance executives and managers for quite a while now. The conventional wisdom is that such employees are in heavier demand these days, as compliance and
Companies struggle to document conflict minerals in supply chain
Recall that the "conflict minerals" provision of Dodd-Frank requires that public companies that make products using such minerals, which include columbite-tantalite (coltan), cassiterite, gold,
How to ease CFO audit pressures
Since the passage of Sarbanes-Oxley back in 2002, audit committees have found themselves under a lot more pressure. And that pressure may have been transferred to CFOs--one reason perhaps that we're
5 tips to develop a culture of compliance
So where does a "culture of compliance" come from? Given that 36 percent of the employees who commit fraud come from corporate finance, it makes sense that the CFO should take the lead in making sure
Which executive is the most likely to commit fraud?
We've often noted that while people tend to focus on financial crimes perpetrated by outsiders, insiders are often the greatest risk factor when it comes to fraud. So of all your employees, who
Lehman Brothers execs settle private suit for $90 million
It seems doubtful that prosecutors will bring criminal or civil charges against individual executives of Lehman Brothers. The top executives are no doubt breathing easier on that front. But there was
As chief risk officers' stature rises, conflicts with CFOs loom
We discussed recently the idea that David Viniar, the CFO of Goldman Sachs, is perhaps so valuable to the bank that he couldn't be replaced by a single person. Given his broad oversight of risk
