When I say “no CFO” would punish someone doing things that mitigate fraud… it’s the same as saying “no software engineer intentionally introduces bugs on purpose”.
Obviously the statement isn’t literally accurate. Hopefully it’s 99% accurate (otherwise none of us would have jobs if all we did all day was sabotage our employers). Likewise, not every CFO is to be trusted, nor are all software engineers… but most can be.
CFO are often involved in fraud. it is part of finance industry training to be wary of dealing with other financial institutions.
https://tax.thomsonreuters.com/news/enron-former-cfo-i-am-on...
https://www.accountancydaily.co/ex-countrywide-cfo-charged-f...
https://www.businessinsider.com/bed-bath-and-beyond-cfo-foun...
https://www.nytimes.com/2024/02/01/nyregion/weisselberg-perj...
https://www.justice.gov/usao-ndtx/pr/cfo-controller-corporat...
https://www.fraud-magazine.com/article.aspx?id=4294976271
https://core.ac.uk/reader/231825040
https://www.nydailynews.com/2023/10/05/former-ftx-co-founder...
https://www.justice.gov/usao-wdwa/pr/former-company-chief-fi...
https://www.nydailynews.com/2023/10/05/former-ftx-co-founder...
https://www.investopedia.com/terms/w/worldcom.asp
whistleblowers get punished all the time.
https://www.pbs.org/wgbh/pages/frontline/warning/interviews/...
https://www.institutionalinvestor.com/article/2btg8yx4pcckb0...
https://www.marketswiki.com/wiki/Madelyn_Antoncic
https://www.wsj.com/articles/wells-fargo-fined-22-million-fo...
https://www.npr.org/2016/11/04/500728907/senators-investigat...
etc etc