The job description for CFOs doesnt (yet) require X-ray vision and telepathy, but some feel they are held responsible for what goes on within their employers finances, even if they are not aware of it.
Instead of spending their time strategizing or explaining their fiscal outlook to investors, many valley CFOs have had to spend the last year or so holed up with consultants or outside auditors, getting the company ready to pass the first annual audit of their corporate fraud-prevention techniques.
While CEOs clearly have new personal exposure to penalties, too, its CFOs and their staffs who must actually do the work to make the numbers and the controls come out on the right side of the law. And trying your best isnt good enough if problems later emerge.
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