IRBA CEO Jenitha John resigns
Joe Pickard February 17, 2021 (Last Updated February 17th, 2021 10:45)
Share Article
South Africa’s Independent Regulatory Board for Auditors (IRBA) CEO Jenitha John has resigned and a caretaker board has been appointed by South African minister of finance Tito Mboweni.
John resigned due to the persisting negative perception of her connection to agricultural business Tongaat Hulett despite her fully disclosing her role as non-executive directorship before being selected to lead IRBA.
Tongaat Hulett was at the centre of an accounting scandal in 2019 when it declared that its financial result for 2018 were not reliable.
John stated that it would be in the best interest of IRBA to step down, however she has made herself available to the caretaker board over the next three months should they require her assistance.
IRBA CEO Jenitha John resigns
Joe Pickard February 17, 2021 (Last Updated February 17th, 2021 10:45)
Share Article
South Africa’s Independent Regulatory Board for Auditors (IRBA) CEO Jenitha John has resigned and a caretaker board has been appointed by South African minister of finance Tito Mboweni.
John resigned due to the persisting negative perception of her connection to agricultural business Tongaat Hulett despite her fully disclosing her role as non-executive directorship before being selected to lead IRBA.
Tongaat Hulett was at the centre of an accounting scandal in 2019 when it declared that its financial result for 2018 were not reliable.
John stated that it would be in the best interest of IRBA to step down, however she has made herself available to the caretaker board over the next three months should they require her assistance.