The temporary move came after his role in the collapse of US energy giant Enron came under increasing media scrutiny.
Describing his decision as a ‘matter of honour’, Wakeham said he wanted to protect the PCC from damaging speculation.
The former Tory minister is expected to give evidence to two separate congressional investigations into the collapse of the energy firm. He had been employed as a non-executive director of the collapsed energy giant since 1994.
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