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The Evolving Role of Today’s CFO

The role of chief finance officer (CFO) at today’s leading companies is evolving. A recent study by Ernst & Young (E&Y) has found that while CFOs are still attending closely to cash flows, controls, costs and risk, they are increasingly contributing towards corporate strategy. In order to meet these requirements, today’s CFO must be versatile, with the talent to meet a continually changing set of circumstances.

In order to gain perspective on how the role is changing, between 2010 and 2011 E&Y conducted two surveys of top finance executives across Europe, the Middle East, India and Africa, asking them to identify the role and responsibilities of the contemporary CFO. This year, E&Y interviewed CFOs at top companies across the Americas, who offered a range of responses to the opinions of CFOs in EMEIA. In a report titled ‘The evolving role of today’s CFO’, E&Y found that although all interviewees brought diverse backgrounds to their roles, they were generally corroborative on their opinions of the evolving role of the CFO.
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