Two vacancies currently exist for appointment as a part-time member of the Australian Accounting Standards Board (AASB).

The AASB is an independent Commonwealth entity established under the Australian Securities and Investments Commission Act 2001. Its functions include developing, issuing and maintaining accounting standards for Australia and participating in and contributing to the development of a single set of international accounting standards.

The appointments will be for a maximum term of 3 years with the possibility of extension. It is expected that the successful applicant/s will be appointed from 1 January 2022.

The appointments 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 is particularly seeking to appoint members with expertise in one of the following:

  • an individual currently providing accounting and/or auditing services in a large or medium-tier accounting firm; and
  • an individual currently providing services to the public sector.

Expertise in financial instruments, external reporting (eg remuneration, management commentary, service performance reporting), valuation of non-financial assets and digital and analytical practices would be valuable.

The AASB typically holds six, two day, meetings a year, plus occasional meetings on a needs basis. In addition out of session work to finalise minor issues is also expected. Involvement in Project Advisory Panels and attendance at related meetings is also expected.

A secretariat, located in Melbourne, provides the Board with technical and administrative support.

Applications should comprise a current CV and address the selection criteria. The selection criteria are available at www.frc.gov.au or www.aasb.gov.au. Brevity would be appreciated. Further information about the position, the framework for appointment to the AASB, remuneration and allowances is available at www.aasb.gov.au.

Applications should be addressed to:

The Chairman
FRC Nominations Committee
c/- The Treasury, Langton Crescent
Parkes ACT 2600
Attention: Anita Cuming

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

Applications are sought by Sunday 25 July 2021.

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


Selection criteria: