The CFO role 576
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Is it reasonable that the CFO of a company be the Board member in charge of the internal audit function and also be a member of the Audit Commitee?
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It is reasonable? Maybe, depends on the composition of the board and audit committee.
Is it common? Yes.
Is it ideal? No, internal audit should report to the CEO.
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Consider by chance that internal audit reports to the CEO and just reports to the CFO when the CEO is absent. This alternate report is it compliant?