Which of the following is primarily responsible for managing all financial aspects of a firm?
A) CFO
B) CEO
C) Board of directors
D) Audit committee

Question

Quizplus · Accepted Answer

The CFO (Chief Financial Officer) is primarily responsible for managing all financial aspects of a firm, including financial planning and analysis, financial reporting, accounting, tax, treasury, and investor relations. The CEO (Chief Executive Officer) is responsible for the overall direction and strategy of the company, but may delegate financial management to the CFO. The Board of Directors provides oversight and guidance for the management team, including financial management, but is not directly responsible for financial operations. The Audit Committee is a subcommittee of the Board of Directors that oversees the company's financial reporting and internal controls, but also does not manage financial operations.

Which of the Following Is Primarily Responsible for Managing All