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Developing an enterprisewide data strategy.

When considering information governance, CFOs should ask two primary questions: How accurate are our data, and is there a process in place to ensure that data are reliable, timely, up-to-date, and consistent? CFOs also should have at least a general sense of how and where data are flowing and whether the data accurately reflect services rendered. The goal of a formal enterprisewide information governance process is to enable employees to identify data-quality issues up front, thereby avoiding the need to devote valuable time and resources to resolving problems after an error occurs.