76% say SEC should revise 8-K rules
CHICAGO, October 31, 2007 - In a national survey of chief financial officers and senior comptrollers conducted by Grant Thornton LLP, the U.S. member firm of Grant Thornton International, one of the six global accounting, tax and business advisory organizations, more than three-quarters (79%) believe that the roles of chief executive officer (CEO) and chairman should be held by different people. In addition, three-quarters of the respondents think that the Securities and Exchange Commission (SEC) should revise the 8-k rules to require reasons for all company dismissals to auditors, for all auditor resignations and for all instances in which the auditor chooses not to stand for reappointment.
| Do you believe the roles of CEO and chairman of the board should be independent of each other? | |
| Yes | 78.73 % |
| No | 20.81 % |
Should the SEC revise 8-K rules to require reasons for all company dismissals of auditors, for all auditor resignations and for all instances in which the auditor chooses not to stand for reappointment? |
|
| Yes | 75.57 % |
| No | 21.72 % |
Do you believe shareholders in public companies should have greater access to the proxy? |
|
| Yes | 66.06 % |
| No | 29.86 % |
Do you believe that small cap companies who test internal controls (according to Sarbanes-Oxley) will be looked upon more favorably by investors than those who do not test internal controls? |
|
| Yes | 68.78 % |
| No | 29.41 % |
Do you consider the newly issued guidance (AS 5) from the SEC on internal controls and the new audit standard for auditing internal controls to be a significant improvement over previous rules? |
|
| Yes | 43.89 % |
| No | 47.96 % |
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