Reeves, who was also finance chief at the NHS, has led the work of the board since February 2001.
He will leave to join a large executive resourcing firm as a senior adviser.
The Review Board will cease to exist at the end of the year, and its functions will be taken over by the newly formed accounting watchdog, the Financial Reporting Council.
Sir John Bourn, chairman of the Review Board, said ‘The board’s activities and achievements would clearly not have been possible without Colin’s guidance and professional commitment to its objectives.’
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Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day