The financial management program is designed to provide both a sound theoretical and a conceptual framework for financial managers. It includes trading between banks, speculators, institutions, corporations, governments, and other financial markets. Kose John is the Charles William Gerstenberg Professor of Banking and Finance at New York University Stern School of Business and teaches courses in corporate finance. Given today’s vast ecosystem of expanding complexity, it’s no wonder CEOs are demanding more from CFOs and the finance function to help with achieving competitive advantage1.
The functional and broader definition of internal control includes such actions as supervising management to ensure …