CFOs are responsible for making strategic decisions to ensure the profitability of the business. The single most important responsibility of the CFO is to create shareholder value.
CFOs are responsible for reporting to the Board of Directors and implementing their directives. CFOs are also responsible for reporting financial results to the best of managements’ knowledge.
CFOs are responsible for managing business risks. These include credit risk, liquidity risk, market risk, and operational risk. CFOs are responsible for mitigating these risks to an acceptable risk level.