LIZ RYLATT has unexpectedly quit as finance director at ICAEW, Accountancy Age has learned.
Rylatt, who joined ICAEW in 2014 with overall responsibility for the institute’s financial management, has quit as FD with immediate effect.
A ‘difference of opinion’ at board level may have contributed to her sudden departure, one person with knowledge of the situation told Accountancy Age.
The long-serving BBC executive brought “a significant wealth of experience” Michael Izza, ICAEW chief executive said at the time of her appointment.
She qualified with the ICAEW while at KPMG before serving in a number of retail sector roles.
An ICAEW spokesperson told Accountancy Age: “Liz Rylatt has resigned from her role as executive director, finance, operations & members, from 5 February 2016.
“During her two years with ICAEW she was responsible for getting two major projects off the ground and now feels it is an appropriate time to hand them over for completion. We thank Liz for her contribution and wish her well for the future.”
The FRC has banned two former Connaught finance directors responsible for a £4m accounting misstatement at the collapsed social housing maintenance provider
Colin ponders how the Pokemon craze is permeating the world of accountancy
ICAEW has applied to become an approved regulator and licensing authority for five reserved legal activities, restricted in three of them to the area of taxation
Three tax advisers have been arrested as part of a HMRC investigation into a suspected £132m tax fraud.