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The Sarbanes-Oxley Act of 2002 (SOX) has been the primary driver for change.
The CFO of _______ ( , )states his position is a five c job. The five c's assist when making decisions, which allow him to focus on maximizing shareholder value ( , ):
? Count ? preparing financial statements and verifying accuracy
? Control ? implements stratgeic planning
? Create ? create capital to increase value
? Counsel ? guide employees and colleagues
with issues as they arise
? Contribute ? be actively involved in the community to remain aware and in touch with what goes on around you
The role of financial manager is not generally assumed by one person in an organization...
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