September 27, 2018 –
Behind Every Thriving Organization is a High-Functioning CFO
AAFCPAs, in collaboration with The Boston Chapter of Financial Executives International (FEI-Boston), conducted a survey of over 250 Chief Financial Officers (CFOs) in an effort to capture what issues are currently ‘top of mind’ for senior financial executives in the Northeast region of the United States. Not surprisingly, the role of the CFO continues to become increasingly complex and strategic. Findings include the importance of the relationship with the CEO, growing expectations from diverse constituencies, having more impact across departmental lines, struggles with human resource limitations and challenges in accessing meaningful, on-demand data.
Matthew Boyle, Chief Marketing Officer and Partner, AAFCPAs will present on the survey findings and will engage participants in considering their own roles and how best to meet common challenges.
Detecting Fraud – Organizations regularly assess, through annual audits and other processes, whether they have adequate controls in place to prevent fraud but less effort is made to see if fraud is actually taking place. Typically, CFOs and others responsible for safeguarding a nonprofit’s assets have not been educated in what to look for. Often, one hears details of a fraud and the reaction is, “Wow, it never would have occurred to me to look at…” All too often, after a case of fraud has been detected, people reveal that they ignored “red flags” they should have paid attention to.
John Mulvaney, Practice Leader for White Collar and Government Enforcement Practice, Corporate Recovery and Litigation Services at CBIZ will provide concrete information on what you should be reviewing on a regular basis, what are typical “red flags”, and what to pay attention to if you suspect fraud. He will also describe what he, in his role, focuses on in the course of a fraud investigation. John is a former FBI agent and will have many interesting stories to tell us.