CFOs want explanations for auditor resignations and dismissals

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.

Further reading

See the
Thornton survey

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