What's stopping CFOs putting their money on cloud computing?

Because it is the CFO's job to sign off on projects, he or she bears ultimate responsibility if things go wrong and sensitive financial data is lost, stolen or replicated. As a result, finance chiefs need to think through the information assurance issues involved in moving to a cloud delivery model.

One of the key challenges here is whether providers can deliver in line with corporate security policies as well as prove they can do so for auditing purposes. On the other hand, many large cloud vendors these days comply with the American Institute of Certified Public Accountant's Statement on Auditing Standards (SAS) 70 Type 2 standard, which certifies the controls that providers put in place in areas such as IT and financial reporting.

Market is yet to see standard cloud service provider with respect to the requirements under different domains. Cloud computing is one swiss knife at present and CFOs would instead like to have each separate tool unless they get it branded and tested for all its usage. what say?

 The fear of siphoning of  the data is upper most in most of the CFOs.Unless this fear is liquefied they will stay away from CC.