December 20, 2016
No matter what the next president has in store for business regulation, there will be plenty of fluxuation in the regulatory environment in the coming year that will continue to result in more risk tied to the CFO's responsibilities.
As the laws and regulations change, including those at the state and local level, chief finance executives are feeling a heightened sense of responsibility.
From recent class-action lawsuits aimed at corporate retirement savings plans and their fiduciaries to increased whistleblower protections and lawsuits targeting executives over allegations of embezzlement in corporate health-care plans, the pressure is mounting for CFOs.
For finance executives communicating with internal auditors, either by providing detailed documentation or making it easy for employees to report suspected wrongdoing, will be a cheif concern in the coming year.