The International Auditing & Assurance Standards Board body has been forced to search for a new head just as its work is due to come under intense scrutiny.
John Kellas, chairman, and a retired KPMG partner, has decided not to renew his term at the end of next year.
IAASB standards act as guidelines for external auditors who check whether companies have applied accounting rules correctly and look for evidence of reporting fraud.
The body is seeking to upgrade its standards, which have been criticised for being too wordy and prescriptive. The European Union is considering when and how to adopt them.
The IAASB is not directly related to its near-namesake, the International Accounting Standards Board (IASB), which now sets accounting rules for the EU. But the two have much in common.
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