The
chief financial officer (
CFO) or
chief financial and operating officer (
CFOO) is a corporate
officer primarily responsible for managing the
financial risks of the corporation. This officer is also responsible for
financial planning and record-keeping, as well as financial reporting to higher management. In some sectors the
CFO is also responsible for
analysis of data. The title is equivalent to
finance director (
FD), a common title in the United Kingdom. The CFO typically reports to the
chief executive officer and to the
board of directors, and may additionally sit on the board. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO reports directly to the president/chief executive officer (CEO) and directly assists the
chief operating officer (COO) on all strategic and tactical matters as they relate to budget management, cost–benefit analysis, forecasting needs and the securing of new funding.