The chief financial officer (CFO) is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management. In some sectors the CFO is also responsible for analysis of data. The title is equivalent to finance director, a common title in the United Kingdom. The CFO typically reports to the chief e...
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The chief financial officer (CFO) is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management. In some sectors the CFO is also responsible for analysis of data. The title is equivalent to finance director, a common title in the United Kingdom. The CFO typically reports to the chief executive officer and to the board of directors, and may additionally sit on the board.
Many CFOs are professionally qualified accountants., although it has become commonplace for non-accountants to become CFOs in the United States. Many CFOs have an Master of Business Administration but no qualified accountancy qualification such as Certified Public Accountant status.
The Sarbanes-Oxley Act of 2002, enacted in the aftermath of several major U.S. accounting scandals, requires at least one member of a public company's audit committee to hold an...
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