Professor Sir Andrew Likierman, head of the Government Accountancy Service and managing director of Treasury Financial Management, will retire in the New Year after 10 years in the post.
Paying tribute to Sir Andrew, chancellor Gordon Brown says Likierman has made an “outstanding contribution to improving financial management in government” over the course of a decade.
Gus O'Donnell, treasury permanent secretary, says: “Sir Andrew has been an outstanding public servant and a wonderful colleague.
“He has led successfully the development and implementation of the best practice accounting standards in government through the resource accounting and budgeting project. This marked the most extensive modernisation of the public finances in more than a century.
“The improvement in financial management within government over the last decade is due in no small part to Sir Andrew's drive and determination. I wish him every success as he pursues his distinguished academic career in the future.”
Sir Andrew's successor will be selected by open competition. Details of the vacancy for the renamed post of head of financial management in government are currently being advertised.