The chief financial officer (CFO) of a company is a senior executive who is usually responsible for monitoring and managing all the financial decisions and actions of any company.
The CFO is primarily responsible for ascertaining that the financial information and reports of a company are up-to-date and accurate and at the same time also responsible for handling the finance and accounting departments.
Some of the other duties and responsibilities of a CFO are the following:
- Provides the precise information that so many company decisions are based on
- Handles all the financial undertakings of a company while ensuring adherence to Generally Accepted Accounting Principles (GAAP)
- Also adheres to other protocols such as the the Sarbanes-Oxley Act (for disclosing financial information and fraud prevention)
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