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The Key Differences Between a Controller and a CFO in Small Businesses

CFO Share

Purpose of the Role The controller ensures financial reporting compliance and accuracy while preventing and detecting fraud. The CFO is a strategic financial leader of the organization. They collaborate with executives, investors, and the finance team to manage risk, choose investments, and collaborate on strategic decisions.

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12 Best Paying Jobs in Finance in 2023

CFO News Room

As a financial executive, the chief financial officer (CFO) is responsible for the financial health of an organization. The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management.

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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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Balancing Risk and Reward

CFO Talks

Regulatory Risk : The South African regulatory environment is evolving, and staying compliant with changing laws is essential. Make sure you’re up to date with any changes to tax, labor, or financial reporting regulations. Assessing the Reward Every risk has the potential for a reward.

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1,021: A Taste for Professional Growth: How the U.S. Coast Guard Granted Larry White an Expansive Finance Career

CFO Thought Leader

His post-retirement work focused on improving cost management practices and advocating for better education for management accountants, reflecting his dedication to enhancing financial practices. In order to find out what’s really going on, you have to go out and talk to people.

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ACCA: CFOs must build trust in AI

Future CFO

CFOS can do this by taking steps in their organisations to manage the associated risks with AI, as it plays a greater role in the accounting and financial reporting of businesses. Financial leaders and controllers will have to be confident about the adequacy of oversight and controls of AI systems.

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Embracing AI in Finance and Accounting: Balancing Risk and Innovation

CFO Leadership

This makes them versatile tools in various fields such as education, customer service, and even creative writing. AI driven automation is expected to extend to more complex tasks such as, audits, risk management, and financial planning and analysis. However, LLMs also have inherent weaknesses.