What should Controllers who want to occupy the C-suite and be truly successful need to do to move beyond finance expertise?
In this era of heightened regulatory demands and accountability standards, the chief audit executive (CAE) can critical. Read what CAE had to say.
This report focuses on how Vanderbilt University, with the help of Korn/Ferry International and PricewaterhouseCoopers, implemented a stronger, centralized finance function to support their ongoing effort to develop a “one university” culture that embraces a collaborative approach to executing its mission of being one of the greatest educational institutions in the world. This report discusses the value of this process and the three primary advantages that were implemented at a time when capital was hard to come by.
For internal auditing, a new era has begun. After nearly a decade of earth-shaking events for corporations, those responsible for reviewing internal controls, operational efficiency, and regulatory compliance are under a harsh spotlight. For the chief audit executive (CAE), business as usual is clearly over. Corporate boards and CEOs are now demanding a new profile: a CAE who understands all facets of the business and can operate as an agent of change.
As chief audit executives (CAEs) find themselves in a highly visible, pressure-packed role, many have come to realize that business and financial acumen are no longer enough. "Relationship acumen"—the ability to establish and maintain strong connections with key stakeholders—is now also a prerequisite for success.