The CFO'S Perspective

The CEO Email Fraud

Carl in accounting receives an urgent email from Erica, the company CEO. 

The unusual email captures Carl’s attention, so he verifies that it is from Erica’s email and notes how the tone and writing style is consistent with her other email messages.  The CEO is requesting a wire be sent immediately to the bank displayed in the email.  Since Erica is out of town, Carl complies and sends the wire as requested. 

Topics: CEO Security Risk Management CFO Responsibilities Controller Responsibilities

How Does a CFO Manage & Mitigate Risk?

Risk comes from not knowing what you're doing. - Warren Buffett

One of the pillars of a CFO's responsibilities is risk management. From overall financial compliance to the IT department, a fractional or full-time CFO is the first line of defense in establishing and maintaining adequate risk management and mitigation for today's organizations.

The threats may come in many forms - from lack of internal controls to cybersecurity in a privately held business or social enterprise. The CFO is charged with understanding and mitigating the risks that your organization faces.

Topics: Risk Management CFO Responsibilities