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CFO, Mom. Mom, CFO.

CFO, Mom. Mom, CFO.

by Rick Turoczy on March 10, 2006

Apparently, CFOs and moms have something in common: they don’t feel that they’re being heard. But Federal Times is trying to help, by reporting:

“Today, as the Sarbanes-Oxley Act tightens corporate accountability, financial insiders continue to provide essential information leading to convictions. A quick online search shows the convictions over the past two years of more than a dozen corporate CFOs. However, the real story isn’t about CFOs doing time. It’s about all the CFOs who got into trouble, but did not go to jail because they became witnesses and testified against their management colleagues. Ignoring your CFOs advice about proper management controls can have the same dire consequences as Capone’s ignorance of the balance sheets lost by his accountants.

“If internal control problems arise, federal managers–like their private-sector counterparts–need to be able to answer at least three questions: What did you know? When did you know it? And, should you have known?”

… and how many times do I have to ask you to look at me when I’m talking to you?

CFO, Mom. Mom, CFO.

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