I recommend to study the Sorbanes Oxley Act from 2002 who clearly covers the organigrams of Controllers, Auditors or CFO's. It is an unbroken chain.
But I am happy to give a description of what the duties of a controler are.
A financial controller -- sometimes called a "comptroller -- is the lead accounting executive in a company. A controller’s duties can vary depending upon the size of the company, the complexity of accounting and financial operations and the number of people employed in the accounting department. The controller provides financial leadership and is instrumental in forming accounting strategies. A controller's role, especially in smaller companies, can include broad visionary responsibilities as well as hands-on management.
A financial controller is responsible for establishing and executing internal controls over the company’s accounting and financial procedures. This includes reviewing and approving all invoices to be paid, as well as reviewing accounts receivable aging reports. In smaller companies, the controller will often handle collections on invoices, especially ones that are 45 days to 60 days overdue. A financial controller is also responsible for coordinating with external tax accountants for income tax preparation and auditors who prepare internal audits of the company. This includes keeping company records organized and readily available for examination.
And here to give you the short definition of the duties:
DEFINITION of 'Controller'
An individual who has responsibility for all accounting-related activities within a firm. In most organizations, the controller is the top managerial and financial accountant. The controller supervises the accounting department and assists management in interpreting and utilizing managerial accounting information. A firm's chief financial officer (CFO) may distribute some of the financial management responsibilities between a controller and a treasurer. Functions of the controller include:
Financial accounting - the preparation of financial statements
Cost accounting - the preparation of the firm's operating budgets
Taxes - the preparation of reports that the firm must file with various local, state and federal agencies
Data processing - of corporate accounting and payroll activities
Also called "comptroller."
Conclusion: E.G. cannot hide behind his excuses. Nobody with common sense would believe him unless of course one belongs to a groupie-club who never challenges the action of some.
AI
