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During 2017, the CEO who had led the Company for 7 years resigned. According to...

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Accounting

During 2017, the CEO who had led the Company for 7 years resigned. According to news reports, the resignation was a submitted in order to spend more time with his family. Shortly thereafter, the Chief Financial Officer and the Controller also left the Company. A new CEO and CFO were hired before midyear (after an acting CEO and CFO had been appointed and served for a couple months) but the Controller position had not been filled as of November 2017. In their first conference call with analysts who follow the company and issue earnings estimates, both the CEO and the CFO guaranteed the Company absolutely would meet its earnings targets. Coincidently, the new CEO is the owner of the building that the Company rents as its corporate headquarters.

*What is the issue here, from an external auditors perspective.

Need the answer ASAP. Thanks

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