The Controllership Series: When to Hire a CFO vs. a Controller

Author: Lynn Fountain

Chief Financial Officers (CFOs) and Financial Controllers share many similarities, but their roles also have distinct differences. For some companies, it can be challenging to determine whether they need a CFO, a Controller, or simply an accountant. Understanding the scope of each position can help clarify which role—or combination of roles—will best serve the organization’s needs.

• Executive-level leader focused on long-term financial planning and strategy.
• Oversees investor relations and communicates with key stakeholders.
• Develops financial vision aligned with company growth and market conditions.
• Guides major decisions on capital structure, financing, and expansion opportunities.

• Oversees day-to-day accounting operations.
• Manages financial reporting, ensuring accuracy and timeliness.
• Maintains compliance with laws, regulations, and accounting standards.
• Implements internal controls to safeguard company assets.

• CFO: Sets the financial vision and strategy for the company.
• Controller: Ensures the financial house is in order and compliant.

Publication Date: January 2026

Designed For
CFOs, Controllers, CEOs, Boards, Audit Committees, Accounting Professionals

Topics Covered

• CFO
• Controller
• Key Differences of a Controller vs. a CFO
• Triggering Events for a Controller
• Triggering Events for a CFO
• Core Compentencies Map
• Appendix Statistics

Learning Objectives

• Explore and evaluate the role of the CFO
• Explore and evaluate the role of the Controller
• Identify key differences of a Controller vs. a CFO
• Identify when to hire a controller vs. a CFO
• Explore financial controllers, CFO and technology
• Recognize trigger events for a CFO

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
None

Advance Preparation
None