Jules Muis, a former Ernst & Young partner, who was responsible for revamping the audit and financial control system at the World Bank, announced his resignation in a letter to administrative reform commissioner Neil Kinnock earlier this month.
Muis has been with the commission for two and a half years and said he would stand down next April.
Responding to the announcement, shadow chancellor Michael Howard said: ‘The fact that the EU’s chief auditor resigned as he was being prevented from mounting a thorough inquiry onto fraud shows quite how bad the problems are at the European Commission.
‘What is Gordon Brown doing to put a stop to this EC fraud for which the British taxpayer is paying?’
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester