Which of the following is false?

Verticals are sometimes referred to as business units because they are often structured as separate businesses within the parent company.

At some companies, the manager of the accounting function of a vertical $($business unit$)$ is referred to as the controller.

Finance and accounting professionals often work within verticals and other horizontals managing budgets, tracking key metrics, and generating accounting reports.

$q,$ The chief excutive officer reports directly to the chief financial officer.