CFOs' responsibilities have expanded.

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CFOs' responsibilities have expanded widely, from traditional cost control roles to more strategic advisory positions, according to research into more than 2,100 finance executives worldwide by the Economist Intelligence Unit.

The study has found that senior finance managers are increasingly developing strategy on IT, risk management, product development and long-range planning. As a result, they have increased their influence over their organisations' regional and product divisions. Firms are gradually creating finance...

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