Research Study Now Available on Changing Roles of Corporate Accounting and Finance

A national, benchmark study by Controllers Council titled, “The Contemporary Controller—Changing Roles and Responsibilities,” was recently completed on the subject of changing roles of corporate accounting and finance professionals during this chaotic year, along with key impacts, and expectations for 2021 and beyond.

CHICAGO (PRWEB) November 16, 2020

A national, benchmark study titled, “The Contemporary Controller—Changing Roles and Responsibilities,” was recently completed on the subject of changing roles of corporate accounting and finance professionals during this chaotic year, along with key impacts, and expectations for 2021 and beyond.


The objective of the study was to identify how the duties and responsibilities of Controllers, CFOs and other Accounting and Corporate Finance professionals changed due to pandemic and economic environments, and how these executives are adapting and evolving.



Produced by the Controllers Council, a community and association for Controllers, CFOs, and related executives, the benchmark study surveyed more than 300 professionals across

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GE Disbands Corporate Audit Program

General Electric Co.

is disbanding its Corporate Audit Staff program, a rigorous multiyear rotation through various divisions that the conglomerate has long used to groom future leaders.

The CAS program, a proving ground for young GE finance executives, dates back to the early 20th century. Employees worked long hours and traveled the world analyzing various business units, looking for waste or reviewing internal controls.

The end of the program is part of Chief Executive Larry Culp’s effort to simplify operations. GE has sold off assets, cut costs and shrunk the headquarters staff that oversee divisions such as GE Energy and GE Aviation. Last month, GE reported costs for its corporate operation dropped 9% in the third quarter to $275 million.

The change also was influenced by the company’s new finance chief, Carolina Dybeck Happe, who formally joined earlier this year.

The CAS program traditionally reported to the CFO. The full

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U.S. Stock Market Looks Overvalued to Corporate Finance Chiefs

(Bloomberg) — Corporate finance chiefs say something looks off with the U.S. stock market.

About 84% of chief financial officers said equities are too expensive in a quarterly survey conducted by Deloitte LLP — the second-highest level in the decade since the accounting and consulting firm began collecting the data. Only 2% of respondents said U.S. stocks look cheap.

That may not come as a surprise with the S&P 500 trading at all-time highs, up 55% from March lows, but the data provide further insight into the views of corporate management, particularly the finance departments responsible for capital expenditures. At 27 times earnings, the S&P 500’s price-earnings ratio is hovering near the highest level since the early 2000s.

Deloitte collected responses from 155 CFOs across North America, most of whom work at companies with more than $1 billion in annual revenue. The survey spanned Aug. 3 to Aug. 7. Since

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