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Listen to CFOradio today, as Mike Moran discusses the changing role of the leader of Finance.Â As a CPA who went “into industry”, Mike made the transition from an employee of a publicly-traded company to being CFO of a smaller, privately-held company – a transition which allows privately-held companies to gain the benefits of employees with large-company training.Â Â Â
Today’s companies are made up of people who have held 3-4 or more positions in their career – transition is in to stay!Â Companies need to adapt to and balance the ever-changing needs of their organizations.Â CFOs need to be proactive in balancing employee transition to ensure a well-controlled finance function, in particular because of the increase in internal control risks associated with such transition.Â
In this week’s program, we learn of Mike’s experiences of the changing role of the CFO function and how he transitioned from companies in different industries.Â Mike also discusses about the different needs of the CEO in a large corporation versus a privately-held company.