The Auditing and Assurance Standards Board AUASB has two Board vacancies. The Board positions have a three-year term with a possible extension beginning in January 2020.
The appointments will be made by the Financial Reporting Council FRC, the peak body responsible for overseeing the effectiveness of the financial reporting framework in Australia.
The first position is for an individual working as a non-executive director of a large corporation or a preparer of financial reports. Ideally, this member would have experience on an audit committee and have strong corporate governance skills.
The other position ‘at large’ member will have knowledge and ability to contribute to any of the strategic or emerging issues outlined in the AUASB’s Strategy and Corporate plan, including being a current practising auditor from a Small and Medium Audit Practice.
The AUASB typically holds 7-8 days of meetings, plus occasional meetings on an “a needed” basis. Out of session work finalising minor issues, and involvement in Project Advisory Panels and attendance at related meetings can also be expected.
Should G100 members be interested in either position, they should apply with a current CV and address the selection criteria with is
available at www.frc.gov.au or www.auasb.gov.au.
Further information about the position, the framework for appointment to the AUASB, remuneration and allowances is available at the AUASB website.
The AUASB is an independent Commonwealth statutory body established under the Australian Securities and Investments Commission Act 2001. Its functions include formulating auditing and assurance standards for Australia and participating in and contributing to the development of a single set of auditing standards for world‑wide use.