FRC director of strategy Mridul Hegde has resigned from the UK reporting watchdog after less than a year in the role, Accountancy Age has learned.
Hegde, an experienced government civil servant, was recruited to the "critical" position as the FRC completed the most radical overhaul in its history, which saw it slash its seven operating arms down to just two.
On her appointment in July 2012 - she took up the position on 1 November - chief executive Steven Haddrill said the role would be "critical to the FRC and its future strategic direction".
Before joining the FRC, Hegde served as director of financial stability at the Treasury where she had overall responsibility for the government's interventions in the financial sector.
Accountancy Age understands that Hegde will work her notice period.
The FRC declined to comment.
You may also like
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.