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Unformatted text preview: criminal offence which may be against the reputation of a company. If any thing which is against the reputation of a company can be harmful for entire group. Ethical gray are for a CFO is misrepresentation of any information which is against the banks in sanctioning of loans or investors like non showing of few interest expenses in the books or showing of any contingent liability which will certainly be against the company to improve the ratio etc. CFO is source or say mediator among management, shareholders, bankers and government. He has to act on the mandate of management as well as follow the law, rules and other standards issued by the competent authorities. If he follow the mandate of management then he is black towards the outsiders and in vice versa towards the management. He has to manage his role in such a way that every issue may be properly balanced....
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This note was uploaded on 03/30/2011 for the course ACC 305 taught by Professor Allison during the Spring '11 term at Western Intl..
- Spring '11