Three 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.
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 seeking to appoint members with expertise in one of the following:
- a partner of a large accounting firm; and
- an individual currently reporting or providing assurance on non-financial information, including but not limited to climate reporting.
The AUASB typically holds 7-8 days of meetings (for 2021 this will consist of 4 one-day and 2 two-day meetings), plus occasional meetings on a needs basis. In addition, out of session work to finalize 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.auasb.gov.au. Brevity would be appreciated. Further information about the position, the framework for appointment to the AUASB, remuneration and allowances is available at www.auasb.gov.au.
Applications should be addressed to:
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.