Eighty-eight percent of senior financial executives believe the positions of CEO and chairman of the board should be separate, according to a new survey by Grant Thornton.
More than half, or 52 percent, of the 846 U.S. CFOs and senior comptrollers surveyed report that they would like to be CEO of a company one day.
Sixty-three percent of the senior financial executives surveyed believe that the average CEO is overpaid. However, 59 percent believe that their own CEO is appropriately paid.
Eighty-four percent of the executives do not believe that it is the auditors responsibility to detect any and all fraud, while 72 percent believe it is reasonably possible for a CFO to intentionally and materially misstate a companys financial statements without being detected in a timely manner by internal or external auditors.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access