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?’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned