What are the inherent conflicts and how would they be mitigated? How can management work to make good decisions when different points of view are presented?© BrainMass Inc. brainmass.com June 4, 2020, 2:22 am ad1c9bdddf
Only in very rare cases are there no conflicts between the CFO and the public auditor. In this situation, you have two educated, licensed professionals who both believe their choices are correct. The CFO is usually, but not always, a CPA that has been through years of training. The CFO oversees all aspects of the company's financial transactions and data, and does what he or she believes to be both legal, ethical, and in the best interest of the company. The CFO's main interest is the company. He or she wants to make the company look good, which encourages investors to make further investments into the company, and wants to attract potential creditors that the company could secure, if funding is needed for any future capital projects. The CFO wants the company to shine. ...
What are the inherent conflicts and how would they be mitigated are determined. The expert examines how management work to make good decisions when different points of view are presented.