According to Dirk Zorn, the term ‘chief financial officer’ (CFO) was first used in 1966 (Zorn 2004). Before this time, terms such as ‘financial controller’ or ‘finance director’ were used. While we may see the title as relatively new, the development of the role of the head of finance into a more encompassing one that serves the whole entity and beyond has been progressing since economic enterprises began. Boyns and Edwards (1997) suggest that there is evidence that 19th-century accountants prepared information for managers, to help run the business.