Several board members had resigned since the new CEO was installed. The finance ministry said the dissolution of the board was in line with legislation governing the auditing profession. Nonkululeko Gobodo and former president of the Johannesburg Stock Exchange, Major General Roy Andersen, will be appointed as caretakers until a new board is appointed. Finance Minister Tito Mboweni has dissolved the board of South Africa's auditing watchdog following a series of resignation of board members since the new CEO was installed. In a statement issued on Thursday afternoon, the finance ministry said Mboweni met with the Independent Regulatory Board for Auditors' (IRBA) board on Tuesday to discuss the resignation of a number of board members.