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CFOZone Experts

Opinions and views from expert CFOZone members.

Tag >> controllers
Oct 29
2010

CFOs: Cash flow is top concern

Posted by Stephen Taub in treasurersTD Bankcontrollerschief financial officercash flowCash

Stephen Taub

It's all about the cash flow.

The biggest concern among chief financial officers these days is cash flow. Not the economy, not jobs, not health care, not the elections.

Aug 06
2010

SEC settles charges against six former Navistar finance execs

Posted by Stephen Taub in securities fraudSecurities and Exchange CommissionrestatementscontrollerscomplianceAccounting

Stephen Taub

The CEO and former CFO of Navistar International have agreed to return more than $2.3 million as part of a broad settlement between the company and the Securities and Exchange Commission stemming from Navistar's massive restatement covering 2002 to 2005.

The SEC also settled with five other current and former Navistar employees, including four former finance executives.

Jul 27
2010

Job swap at Alcoa could be CFO prep

Posted by dbedell in promotionscontrollersCFOCareers/Managementcareer advancementAlcoa

dbedell

Multinational aluminum producer Alcoa is building the experience and knowledge-base of some of its top finance executives by having them swap jobs. Although it is hardly a new trend for companies to groom finance executives for the top position by putting them through their paces in various different functions and departments, it is an interesting twist for the two execs to simply switch jobs.

On August 1, Alcoa Vice President and Controller Tony Thene will take over as CFO of Alcoa's engineered products and solutions business group (EPS). Taking his place will be current EPS CFO Graeme Bottger. Thene will stay a vice president and will join the company’s executive council. Bottger—already on the council—was elected an officer of the company.

Mar 23
2010

Further adventures in the strange case of Koss

Posted by Going Concern in corporate governancecontrollerscomplianceCFOsCEOsboard of directors

Going Concern

Submitted by Caleb Newquist, republished from Going Concern, Accounting News for Accountants and CFOs.

It's been nearly three weeks since we last picked up the Koss/Sue Sachdeva beat, when we told you about Michael Koss resigning as the audit committee chair of Strattec Security Corp. At that time, Strattec had also elected to give Grant Thornton the boot as its auditor.

Feb 17
2010

The plight of the auditor

Posted by Going Concern in whistleblowerscandalsRiskinternal controlscontrollerscomplianceCFOsaudit

Going Concern

Submitted by Francine McKenna, republished from Going Concern, Accounting News for Accountants and CFOs.

Do external auditors have a duty to detect fraud? How about the internal auditors? What price do internal auditors and other compliance employees pay for following up on suspicions of fraudulent or unethical activity?

These are two of the most contentious questions I write about. We've seen the debate over fraud detection by external auditors in the Koss, Overstock, Satyam, Huron, and Madoff feeder funds cases.

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