Paul Boyle is stepping down as CEO of the Financial Reporting Council after
five years heading up the accountancy watchdog.
Boyle will remain in post until a successor has been appointed.
He will probably be best remembered for a review into the UK audit industry
which called for the Big-Four dominated market to be opened up to more
competition and for firms to be subject to corporate governance rules.
FRC chairman Sir Christopher Hogg said that Boyle had boosted the credibility
of the FRC in the UK and abroad.
‘I am sorry that he will be leaving but I have long been aware that it was
likely that he would want to move on after a five-year tenure and that remains
the position,’ Sir Christopher said.
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