HomeNewsBusinessMarketsDoes spurt in abrupt resignations by statutory auditors point to governance issues?

Does spurt in abrupt resignations by statutory auditors point to governance issues?

Experts believe that this is a major governance issue and while the reasons for such sudden departure needs to be examined and analysed, auditors have mostly been very ambiguous in terms of giving the reasons for resigning

Ashish Rukhaiyar

September 24, 2024 / 17:50 IST

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In most cases, the reason sited for such exits has been merely mentioned as “pre-occupation” or “commercial” though in some cases the auditors mentioned that they were resigning due to “alignment” issues with “group/subsidiary auditors”.

Ashish Rukhaiyar

first published: Sep 24, 2024 03:04 pm

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Does spurt in abrupt resignations by statutory auditors point to governance issues?

Experts believe that this is a major governance issue and while the reasons for such sudden departure needs to be examined and analysed, auditors have mostly been very ambiguous in terms of giving the reasons for resigning

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