Question

Several years after reengineering its production process, the corporation hired a new controller. What is the purpose of hiring a new controller?

1) To improve the financial reporting and analysis
2) To oversee the budgeting and forecasting process
3) To ensure compliance with accounting regulations
4) To manage the day-to-day accounting operations

Answer 1

The purpose of hiring a new controller in a corporation is to improve financial reporting and analysis and oversee budgeting and forecasting processes.

Step-by-step explanation:

The purpose of hiring a new controller in a corporation after reengineering its production process is to improve the financial reporting and analysis, oversee the budgeting and forecasting process, ensure compliance with accounting regulations, and manage the day-to-day accounting operations.