Williams Lea Tag CFO Gary McGaghey on What will be important to CFOs in 2022
The new decade will bring with it many challenges for the accounting profession. The digital economy and the rise of Big Data have shaken up the financial services sector, and accounting professionals will need to keep up with the rapid changes. These challenges will require new ways of thinking and new strategies. CFOs looking for insight into the future of accounting and finance, and how to prepare for the challenges ahead will find plenty of material here. The articles have been written by leaders who have outlined the key themes that should be at the forefront of CFOs’ minds.
- SEC climate risk disclosures: what it means for CFOs
This article by Richard Smith, CPA, CFE, CGMA, and Paul D. Readman, CPA, CGMA, is a good starting point for understanding the SEC disclosures about climate risk. They explain how the SEC has changed its approach to climate risk and set out some key principles for accounting professionals. This is an important theme for accounting professionals to understand. According to Gary McGaghey, CFO of Williams Lea, It is important for CFOs to understand what this means in their businesses. For example, if you have a business dependent on the weather or natural resources, you need to understand what this means in terms of your risk. This article will help them to do that.
- About Williams Lea Tag CFO Gary McGaghey
Gary McGaghey has been CFO of Williams Lea Tag for over 30 years. He is both a CPA and a Chartered Accountant, and has been involved in the financial services sector since 1975. He has worked with many clients, including some of the largest companies in the world, and was previously CEO of accounting firm McGaghey & Co. He is also a member of the Institute of Chartered Accountants of Ontario (ICAO) and works with them on their outreach activities.
More Business insights from Gary McGaghey on Medium