Opinion

Good CFO/Bad CFO

Passed in 2002, Sarbanes-Oxley introduced the most sweeping changes to U.S. business legislation since the 1930s. And most of the responsibility for effecting this change has fallen on CFOs, particularly insofar as sections 302 and 404 are concerned. Those sections, of course, require all public companies to report on the effectiveness of internal controls over financial reporting.