Seven out of ten US CFOs want greater explanation of the reasons behind
auditor dismissals and resignations, according to a Grant Thornton survey.
A total of 688 chief financial officers and senior comptrollers were asked if
the SEC should enhance the 8-K rules to require explanations for all company
dismissals of auditors, for all auditor resignations and for all instances in
which the auditor chooses not to stand for reappointment. 70% said yes.
The survey also found that two thirds thought the average CEO is overpaid,
but only a quarter believed their own boss’ remuneration package was too high.
Over half (55%) harbour the ambition to step into a CEO role one day and 83%
believe that CEO and chairman roles should remain independent of each other.
Thornton survey results
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure