Chief Accounting Officer
The chief accountant is the lead accountant responsible for central operations in any given accounting department. This is a position of financial planning, directing and consulting. A chief accountant typically holds four-year degree in finance, accounting or business administration and preferably is a Certified Public Accountant (CPA). The chief accountant plans the technical and clerical activities. The chief accountant plays a part in directing scheduled maintenance of the central accounting system within the operation. Consultation and advisement sessions are held with administrators by the chief accountant pertaining to laws and requirements of accounting systems.
A finance director is someone who oversees the finances of an organization, business, institution, or agency. Finance directors manage financial risks, helping the people they work for invests wisely and manages their finances intelligently. They also deal with issues like long term financial planning, financial record keeping, budgeting, and issuing financial reports as required by convention or by law. Finance directors usually belong to the board of directors, reporting to the board when they make decisions or have recommendations, and the finance director is accountable if a company is audited and its financial practices are called into question.
Audit Manager/Internal Audit
An audit manager helps an organization evaluate its operating controls, guidelines and processes. She ensures that such controls are adequate, functional and in adherence to industry standards, regulatory requirements and corporate policies. This expert typically holds at least a master’s degree in accounting, finance, tax or auditing. An audit manager often has opportunities to become an audit director, a finance chief or a controller after five years An audit manager oversees an organization’s annual audit plans, evaluates budget and time requirements and ensures that segment-level and departmental employees allocate proper resources for testing and reviewing.
The integration of accounting, auditing and investigative skills yields the specialty known as Forensic Accounting. Forensic Accounting provides an accounting analysis that is suitable to the court which will form the basis for discussion, debate and ultimately dispute resolution.
Forensic Accounting has existed for many years. With the growing complexity of the business environment and the growing number of business related investigations, Forensic Accounting professionals are increasingly asked to assist in the investigation of financial and business related issues. A Forensic Accountant is often retained to analyze, interpret, summarize and present complex financial and business related issues in a manner which is both understandable and properly supported.
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