Likierman is to be knighted and will be given the title of 'Sir' Andrew as part of the Queen's Birthday Honours.
He is credited with transforming the civil service from cash accounting to a modern day commercial-styled accrual system, based on 'resource accounting' principals.
A management accountant as well as a chartered accountant, Likierman was president of CIMA from 1991 to 1992 and has been a member of the Accounting Standards Board since 1993.
Joining Likierman on the honour's list, is Nick Montagu, chairman of the board of the Inland Revenue, who will be awarded the 'Order of the Bath' given for service of the highest calibre.
Montagu can feel justified in receiving this honour having headed up five major headline projects for the Revenue, including the working families tax credit, policing of the minimum wage as well as launching the government's online self assessment service.
In the business world, the most prominent figure is Christopher Gent, chief executive at Vodafone, who is knighted for his services to the mobile telecommunications industry. Gent was paid a bonus of £10m for clinching a record-breaking hostile takeover deal last year of Germany's Mannesman.
Peter Job, chief executive at media giant Reuters, will also be knighted for his services to the information and media industry. Job will retire next month after ten years in charge.
And from across the pond, Louis Gerstner, chairman and chief executive of IBM, will received an honorary knighthood for his work in e-commerce and education.
Other business leaders honoured include Peter Ellwood, group chief executive Lloyds TSB, who receives an OBE, while a CBE has been given to David Ross, chief executive of pension provider Scottish Widows.
David Brodie, the founding director, TaxAid receives an OBE for his services to low income taxpayers, while Philip Edward Sellers of Gerrards Cross, Bucks is awarded a CBE for his services to accountancy and audit.
A further nine employees of the Inland Revenue receive Orders of the British Empire for their work in the public service.
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