Can someone tell me how to check and balance a financial controller in a company?
We hired a new financial controller in the company. He is a power hunger individual trying to put his nose into everything in the company. However, his honesty, integrity, and motive is questionable. Which department or position can better monitor himr? We are a privately owned company with 10 different branch offices. Our CEO is stationed in another country.
Asked By: flash - 12/15/2006
Best Answer - Chosen by Asker
The Corporate Controller should be reporting to the CFO. The CFO is responsible for keeping the controller in check. However, remember that it is the controller's job to have his nose in every department. He's the one responsible for the SEC submissions, your financial statutes, etc. It's a huge job with a lot of... More
Answered By: F. Perdurabo - 12/15/2006
Additional Answers (2)
The person writing the checks does not sing them... More
Answered By: justwondering - 12/15/2006
Usually FC's have their own way since they have a huge job to do. Then if you insist one should go by the basic Accountin norms of separation of duty, authorization etc; methods implemented through the CFO. Then this can demoralize the person since he has to do everything including the dirtiest part of cost control... More
Answered By: Mathew C - 12/16/2006
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