What Audit Committees expect from CFOs

1 SHOCK RESISTANT

The audit committee would want the CFOs to take care of the avoidable issues and ensure regular communications and interactions to discuss all recent developments in the organization.

2 RIGHT HAND OF THE CEO

The Audit Committee often looks at the CEO-CFO partnership to measure how well the top leadership team works together.

3 LOOKING OUT FOR FUTURE TALENT

The Audit Committee needs to be assured that risks are being managed and the future of the organization is in dependable hands.

4 WINDOW INTO THE ORGANIZATION

Audit committees expect to get enough face-time with the CFO for regular agenda-based meetings, and not just to present the findings of the audit.

5 FOLLOW UP DRIVER

After the Audit CommitteeManagement meetings, the CFO is almost always the point of contact for the Audit committee chair. They should have a follow-up check list and give updates on how the matters discussed in the meetings are being resolved.