Friday, June 8, 2012

Can a CAE become a CFO ?

I am always asked if a CAE can make the move to operations and become a CFO. My short answer is ‎‎“yes” and my detailed answer is “it depends”.‎

My” yes” answer assumes that the CAE has the experience, educations, and mindset that enables ‎him/her to function as a CFO. I strongly believe that you cannot audit what you do not understand; ‎accordingly, any successful CAE should have a good understanding of the CFO function.‎

My “it depends “answer refers to the fact that CFO roles may be influenced by the complexity and ‎nature of operations of the organization. I believe that there is no “CFO” fits all type of thing. Each ‎organization has specific requirements for its CFO experience and education. An organization going ‎through an IPO, for example, would require a different type of CFO than a small or not for profit ‎organization.‎

I would love to hear from CAEs who made it to the CFO position. Please share your experience, ‎recommendations and lessons learned during this process.‎

1 comment:

  1. My view is certain CAEs can be make the switch to CFO but not all CAEs can do that. A CFO must possess a certain skill set in the financial field (accounting, analysis, treasury management, investment, etc.) A CAE need not possess such skills although having them can be a big advantage. It has been argued in this group that there are specific qualifications required for a person to become a CAE. I think the same cannot be said about a CFO.


Are you getting the most from the ethics mandatory hours?

 Like many of you at this time of year, I have been looking to take the mandatory two hours of ethics training to comply with the IIA cpe  r...