| Articles from Across the Internet |
"Is
Finance Strategically Challenged?"
(CFO Magazine) |
| In a new survey, just 19% of top executives
believe their finance department does a good job of
managing the company's overall risk. Key
takeaways include: |
| - 69% of respondents said "enabling senior
management to make the best business decisions" is
the most important role finance performs |
| - Just 37% said their finance department does a
good job of decision support |
| - Only 34% thought finance was doing a good job
of enforcing internal financial controls |
 |
"CFOs and the Board of Directors: Is finance doing
all it can to improve oversight?"
(Business Finance Magazine) |
| Intensified regulatory scrutiny requires new
channels of communication among an organization's
decision-makers. This article examines how
finance can help directors keep the company out of
trouble. Key takeaway: |
| - Finance executives must spend more time and
effort educating directors about corporate risks and
financial reporting challenges. |
|
"Planning and Sarbanes-Oxley Compliance"
(Intelligent Performance) |
| Ventana Research expects auditors will pay close
attention to the planning function once companies pass the
initial round of Section 404 certification. Key takeaways include: |
| - Mature planning systems provide many benefits |
| - Companies that execute the forecasting,
planning, and review cycle typically have a more
mature control infrastructure |
| - Managers that plan and forecast accurately
have less of a reason to commit fraud than those
that fall short of their projections |
