The role of the finance team is expanding beyond traditional accounting and financial reporting function to include areas such as information technology development, cyber security and strategic business planning, according to a new survey by the American Institute of CPAs. 

The AICPA survey of 1,200 CEOs, CFOs and other senior-level Chartered Global Management Accountants found increased responsibility and an expanded skill set within the finance team. A 93 percent majority of the CGMAs surveyed reported experiencing greater complexity when they were asked to gauge the change in the level of business complexity over the last three years.

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