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 making accounting standards for Australia and participating in and contributing to the development of a single set of accounting standards for world-wide use.
The appointments will be for a maximum term of three years with the possibility of extension. It is expected that the successful applicant/s will be appointed on or before 1 January 2023.
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.
Due to the developments globally with respect to the establishment of the International Sustainability Standards Board and the release of exposure drafts on sustainability reporting, the FRC is particularly seeking candidates with the experience and expertise to assist in the AASB’s work with respect to sustainability reporting. Expertise in matters related to sustainability and climate reporting would be highly valuable.
Expertise in financial instruments, external reporting (e.g. 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.
Out of session work to finalise minor issues, 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:
FRC Nominations Committee
c/- The Treasury, Langton Crescent
Parkes ACT 2600
Attention: Matthew Bowd
Applications may be emailed to FRCSecretariat@treasury.gov.au. The FRC Secretariat will send confirmation of receipt to all applicants.
Applications are sought by Sunday 4 September 2022.
Should you wish to discuss further details of these positions, please contact the Chair of the FRC Nominations Committee via email: FRCSecretariat@treasury.gov.au.