tag:blogger.com,1999:blog-3084443809899647721.post5773378825312161998..comments2021-09-30T06:59:31.495-07:00Comments on FinchesBlog: Why do CFO’s manipulate accounts?Brian Finchhttp://www.blogger.com/profile/16192647347775194517noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3084443809899647721.post-81064818404907927952010-12-24T03:46:06.775-08:002010-12-24T03:46:06.775-08:00Thanks Samuel for that thoughtful comment. I will ...Thanks Samuel for that thoughtful comment. I will post after Christmas with some personal experience and confession that illustrates some of the tough questions on this subject. In the meantime I'll just observe that while this Harvard research provides valuable insight I think there are plenty of occasions when it is the CFO who initiates manipulation - probably starting with wishful thinking and getting progressively sucked in to falsehood. That they derive no financial benefit from this is by-the-by.Brian Finchhttps://www.blogger.com/profile/16192647347775194517noreply@blogger.comtag:blogger.com,1999:blog-3084443809899647721.post-75882276889035558782010-12-23T09:03:51.392-08:002010-12-23T09:03:51.392-08:00Brian,
The CEO / CFO dynamic has always fascinate...Brian,<br /><br />The CEO / CFO dynamic has always fascinated me. <br /><br />In my experience I have seen many times where the CFO is hired by the board to keep the CEO in check. <br /><br />When CFOs feel that they have a board that is supportive of proper corporate governance and ethics, they will go to the board and work to resolve the issue. Otherwise they are stuck between a rock and a hard place, and the pressure to cave in to the CEOs demands is difficult to overcome.<br /><br />Samuel Dergel, CA, CPA<br />Senior Partner & Practice Leader, CFO Search<br />CFO2Grow<br />Web: http://www.cfo2grow.com<br />Blog: http://www.thefinancialstatement.com<br />Aboutme: http://about.me/samueldergel/bioSamuel Dergel, CA, CPA, CPChttps://www.blogger.com/profile/15421147848112344824noreply@blogger.com