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What Is the CFO’s Role in Risk Management?

Beacon CFO Plus

Risk can mean something different for every company—as Warren Buffett famously said, “Risk comes from not knowing what you’re doing.” Knowing what you’re doing begins with having a strategic plan in place for your business that incorporates risk management. appeared first on BeaconCFO Plus.

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From CA to CFO: Navigating the competency framework

CFO Talks

It identifies 34 competencies structured within the four general roles of a CFO: Steward This role focuses on accounting, control, risk management, and asset preservation. It involves goal setting, strategic risk management, and a holistic perspective of the organization.

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The risks CFOs must face in 2024

Future CFO

Finance leaders must collaborate with chief information officers and chief transformation officers to align budget priorities, integrate strategic planning decisions, and respond swiftly to market changes.

CFO 52
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Five Focal Points for Future-Ready CFOs

CFO Leadership

While public companies are legally obligated (or are soon expected to be obligated) to meet a growing number of ESG-related regulatory requirements around the world, many of these compliance burdens – and reporting requirements, in particular – also extend to private companies and smaller organizations that conduct business with public companies.

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Managing the rising cost of cybersecurity: Strategies for CFOs

CFO Talks

As CFOs, it is essential to understand the financial implications of cybersecurity breaches and implement effective strategies to manage the rising costs associated with protecting organisational assets. Balancing the need for cybersecurity measures with budgetary constraints requires careful strategic planning and resource allocation.

CFO 52
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Fractional CFOs for SMEs

Beacon CFO Plus

Risk Management: Identifying and mitigating financial risks is crucial for SMEs. Fractional CFOs assess risks and implement strategies to protect your company’s financial interests.

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Enterprise Risk Management and EPM – Separate or Joined at the Hip?

Planful

Another panelist highlighted their investment in inventory, as well as managing growth in the business. How do you balance the core responsibilities of Finance with risk management? Making timely, relevant, and accurate data available across the business is critical to effective decision-making and risk management.