Abstracts: October 18th, 2005

A survey by the Chartered Institute of Public Finance and Accountancy has revealed the influential role of chief finance officers in local councils. 92% of CFOs carry out the role of finance director and over four fifths are members of their authority’s corporate management team. Just over three quarters report directly to the chief executive.These findings show that in most cases the CFO is at the heart of the council’s decision making process and is able to exercise influence within the top team and throughout the organization. This allows the CFO to help the team to maintain an effective grip on the organisation’s finances and its underlying financial management practices and arrangements.

The results of the survey are at: www.cipfa.org.uk/panels/lgpp/index.cfm.