The strategic CAO

New expectations, new opportunites

   

   

As stakeholders ask for more, a new CAO profile emerges  

Chief Accounting Officers (CAO's) face a perfect storm of disruptive developments. Their traditional mandates as performance scorekeeper for the enterprise remains as important as ever. But stakeholders – the C-suite, regulators, the capital markets, customers and employees – keep raising the bar. Each round of advances in data/analytics and process automation, in turn, lifts service-delivery expectations. The new baseline includes virtual closes, customized dashboard reporting, reciprocal data-sharing with suppliers, and actionable insights for the middle and front office.

By necessity, CAOs are adapting to a landscape in which rapid market shifts, regulatory uncertainty and relentless technology change are “the new normal.” By choice, the best CAOs are taking the initiative, acquiring hard skills beyond core accounting, but also focusing on the soft leadership attributes they need to lead their organizations.


   
As stakeholder definitions of value evolve, next-gen CAOs are actively pivoting their organizations to stay relevant. The Accounting function is at an inflection point, because the business expects actionable insight, not just numbers.
Joe Dineen, Principal Accounting Advisory Services
   

CAO Insights: Fresh, actionable perspectives


   

CAO Insights: The insider's view

Insider insights on CAO-relevant topics: Governance, risk and compliance developments, complex and event‑driven transactions, digital innovations, ESG and sustainability reporting, geopolitical landscapes, hybrid work environments, and the latest industry standards and trends…delivered directly to your inbox or mobile device.

   

Today’s CAO: Beyond the numbers, to strategic value driver

To keep their organizations forward-looking in the C-suite, CAOs need to focus on four foundational capabilities.

Governance and compliance

Deliver tech-enabled excellence in a dynamic Governance, Risk and Compliance environment, as new value frameworks such as ESG emerge.

Deliver tech-enabled excellence in a dynamic Governance, Risk and Compliance environment, as new value frameworks such as ESG emerge.

Event-driven transactions

Maintain control and compliance and provide valuable insights during transactions such acquisitions, divestitures, IPOs, and restructurings.

Maintain control and compliance and provide valuable insights during transactions such acquisitions, divestitures, IPOs, and restructurings.

Business transformation

Drive and identify tech-enabled opportunities to unleash value, while building mindsets to help the business future-proof.

Drive and identify tech-enabled opportunities to unleash value, while building mindsets to help the business future-proof.

Business alignment

Collaborate with leadership teams, and tailor service delivery to the changing priorities of the business.

Collaborate with leadership teams, and tailor service delivery to the changing priorities of the business.

Contact us

Patrick R. Ryan

Patrick R. Ryan

Partner, Advisory, Accounting Advisory Services, KPMG US

+1 703-286-8257
Joseph Dineen

Joseph Dineen

Principal, Advisory, Accounting Advisory Services, KPMG US

+1 248-346-2919

Let’s talk

As you navigate your career in today’s accounting landscape, KPMG professionals can offer you valuable insights and perspectives.

As you navigate your career in today’s accounting landscape, KPMG professionals can offer you valuable insights and perspectives.