Two vacancies currently exist for appointment as a part‑time member of the Auditing and Assurance Standards Board (AUASB).

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.

It is expected that the successful applicant will be appointed from 1 January 2025.

The appointment will be made by the Financial Reporting Council (FRC). The FRC is the peak body responsible for overseeing the effectiveness of the financial reporting framework in Australia.

The FRC welcomes applications from all qualified individuals and is seeking candidates with expertise as an audit practitioner, a non‑executive director with audit committee experience or a preparer of financial reports for a large corporate or having a relevant academic background.

The AUASB typically holds 7–8 meetings a year, comprising a mix of single day and two day meetings. Four or 5 meetings are typically held in person (usually in Melbourne, although meetings may occasionally be in another capital city). Other meetings are typically held virtually. Out of session work to finalise minor issues, involvement in Project Advisory Panels or subcommittees and attendance at related meetings is also expected.

Staff located mainly in Melbourne provide the Board with technical and administrative support.

Applications should comprise a current CV and address the selection criteria. The selection criteria are available below or on the AUASB website. Brevity would be appreciated. Further information about the position, the framework for appointment to the AUASB, remuneration and allowances is available on the AUASB website.

Applications should be addressed to:

The Chair
FRC Nominations Committee
c/- The Treasury, Langton Crescent
Parkes ACT 2600

Applications may be emailed to secretariat@frc.gov.au. A confirmation of application received will be sent to all applicants.

Applications are sought by 30 August 2024.

Should you wish to discuss further details of these positions, please contact the Chair of the FRC Nominations Committee or FRC Secretariat via email: secretariat@frc.gov.au.

Selection criteria: