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A comptroller (pronounced either the same as controller or as / k ə m p ˈ t r oʊ l ə r /) is a management-level position responsible for supervising the quality of accounting and financial reporting of an organization. A financial comptroller is a senior-level executive who acts as the head of accounting, and oversees the preparation of ...
In the state and territorial governments of the United States, 54 of the 56 states and territories have the executive position of treasurer. New York abolished the office of New York State Treasurer in 1926, in which the duties were transferred to the New York State Comptroller .
In Australia, the Treasurer is a senior minister and usually the second or third most important member of the government after the Prime Minister and Deputy Prime Minister. Each Australian state and self-governing territory also has its own treasurer. [citation needed] From 1867 to 1993, Ontario's Minister of Finance was called the Treasurer of ...
A company's treasury operation, typically, is under control of the CFO or Vice-president / Director of Finance; and in larger entities is under a dedicated Treasurer. Operations are handled on a day-to-day basis by the organization's treasury staff, controller, or comptroller. [4]
Financial controller General accountant, claims auditor, and payroll officer of state government Prescribes standards for auditing local governments and reviews localities' annual financial reports Ex officio state treasurer and state fire marshal; also administers unclaimed property and regulates deathcare and insurance industries
An entry-level accounting position, usually reporting to any of the higher level accounting positions, or in smaller companies, to the controller. They may or may not have a bachelor's degree, and their main responsibilities will usually include reconciling accounts and preparing preliminary reports. [7] [8]
The state controller assumes office by way of election. The term of office is four years, renewable once. Elections for state controller are held on a four-year basis concurrently with elections for the offices of governor, lieutenant governor, attorney general, secretary of state, state treasurer, insurance commissioner, and superintendent of public instruction.
The Treasurer is charged by Article V, Section 18 of the Illinois Constitution with the safekeeping and investment of the monies and securities deposited into the state treasury. [3] As such, the Treasurer is not the chief financial officer of Illinois. That role is occupied by a separate elected official, the Comptroller.
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