Paul Boyle is stepping down as CEO of accountancy watchdog the Financial Reporting Council.

Boyle joined as CEO for the then newly revamped body of the accounting and financial reporting regulators in spring 2004. He will remain until a successor is appointed.

FRC chairman Sir Christopher Hogg said Boyle had established the body UK and international credibility.

'I am sorry that he will be leaving but I have long been aware that it was likely that he would want to move on after a five year tenure and that remains the position,' said Sir Christopher.

'It has been a privilege to have been CEO of the FRC. The scope of the FRC’s responsibilities is unusually wide amongst its international peers but I believe that we have been able to demonstrate the merits of bringing together the regulatory responsibilities for corporate governance, accounting, auditing and actuarial practice,' said Boyle.

'The FRC is now well-established with a clear strategy and strong team and I expect that it will continue to play a leading role in promoting confidence in corporate reporting and governance in the UK.'

Further reading:

Accountancy Age TV's interview with Boyle last year