The ever-changing nature of financial reporting regulations for pharmaceutical companies requires Chief Financial Officers (CFOs) of such organizations to be vigilant as regulatory changes are implemented.

1. Chief Financial Officer
Oversees Multiple
Operations for Companies
By Pete Culpepper, Chief Financial Officer of
Provectus Pharmaceuticals, Inc.

2. The Role of the CFO
The ever-changing nature of financial reporting regulations
for pharmaceutical companies requires Chief Financial
Officers (CFOs) of such organizations to be vigilant as
regulatory changes are implemented. Recent updates to
federal regulations oblige pharmaceutical companies to
report certain marketing and promotion expenses on
websites accessible to the general public. To safeguard the
veracity and currency of this information, pharmaceutical
companies rely on the services of qualified CFOs.

3. Responsibilities of the CFO
In most organizations, the CFO oversees all of a
company's financial matters. A member of the executive
team, he or she works closely with the Chief Executive
Officer to ensure that the company's budgets,
expenditures, and investments mesh with organizational
goals and provide necessary liquidity. Moreover, he or she
analyzes financial forecasts related to new business,
purchasing, income, and profitability. A major role of the
CFO involves development of corporate policies related to
best practices and regulatory compliance.

4. About the Author
Pete Culpepper serves as the CFO and
Chief Operations Officer for Provectus
Pharmaceuticals. Headquartered in
Knoxville, Tennessee, the company
develops treatments for numerous types
of cancer and diseases of the skin, such
as psoriasis.