Sir John Bourn is to step down from his position as comptroller and auditor
general of the
Audit Office on 31 January 2008.
Sir John has come under fire in recent months because of his spending habits
while on official business, but he has said that a government reform to be
incorporated next year has made his position untenable.
The Companies Act 2006 gives auditors general in the UK the power from April
2008 to audit public limited companies. This means the auditors general will be
monitored by the Professional Oversight Board of the Financial Reporting
Council. Sir John is currently chairman of the POB.
Sir John said: ‘Under these new arrangements it would be incompatible for me
to hold the positions of both C&AG and chairman of the POB board. I have
therefore decided to relinquish the position of C&AG at the end of January
2008, when I shall have completed 20 years in the post, and continue in my
position as chair of the POB.’
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