During Farrar’s seven years with the group he continued to ensure it stayed relevant to its members, students, and wider accountancy profession throughout major industry changes.
Under his tenure the body was the first of its kind to sign up to the Women in Finance Charter, and has also been a signatory of the Prompt Payment Code since 2016.
David Frederick, president at AAT, acknowledged the “hugely valuable contribution” that Farrar made to the group, as it “moved forward significantly under his leadership”.
While acting as chief executive, Farrar pushed the group’s involvement with the International Federation of Accountants (IFAC), and was key in developing new governance structures within the organisation.
Speaking of his time at AAT, Farrar said: “AAT is about to embark on the next phase of its journey with planned changes to our products and systems, as well as new ways of working in the coming years.
“We have successfully dealt with the early challenges of the Covid-19 pandemic and there is significant cause for increased optimism in the coming months.”
He added that while now “seems a good point” to drive the organisation forward through a leadership change, there is “plenty to be getting on with” before his summer departure.