After discussing a series of IRBA member resignations, the minister thought it best to dissolve the board.
Finance Minister Tito Mboweni has dissolved the board of the Independent Regulatory Board for Auditors (IRBA) following a series of resignations of board members since the new CEO Jeanitha John was appointed.
Mboweni met with the board on Tuesday to discuss the resignations and gave all the members an opportunity to express their views on the matter. He decided that the best course of action would be to dissolve the board, which has been in place since July 2020.
“After careful consideration and, amongst others, taking into account the resignation of a number of board members and challenges in the functioning of the board, the minister dissolved the BoD…,” a statement read. “This decision was taken in the best interest of the institution and the auditing profession.”
Nonkululeko Gobodo and former JSE president Major General Roy Anderson will be appointed as caretakers until a new board is appointed.
