Federal and state taxes, Relationships with external auditors, Treasury and investment functions are all responsibilities of:

Question

Options

• AChief Security Officer
• BChief Financial Officer
• CSenior Management
• DChief Executive Officer

• A
  13% (3)
• B
  78% (18)
• C
  4% (1)
• D
  4% (1)

Explanation

B is correct because the Chief Financial Officer (CFO) owns all financial stewardship functions: tax compliance (federal and state), financial reporting oversight including the external audit relationship, and managing the organization's cash, investments, and capital.

Why the distractors are wrong:

• A (CSO) - the Chief Security Officer focuses on information security and physical security, not financial operations.
• C (Senior Management) - too broad; senior management collectively sets strategy, but these specific financial duties belong to a designated role, not management as a whole.
• D (CEO) - the CEO holds ultimate accountability for the organization but delegates financial execution to the CFO; the CEO focuses on overall direction and stakeholder leadership.

Memory tip: Think "CFO = Cash, Finance, Oversight." Taxes are cash obligations, auditors provide financial oversight, and treasury manages cash/investments - all three map cleanly to the CFO's domain.

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