Recruitment

Australian Accounting Standards Board

The Financial Reporting Council (FRC) is seeking to appoint an additional ‘at large’ member to the Australian Accounting Standards Board (AASB), should an outstanding candidate be available.  If appointed, this is a part time role only.

The AASB is an independent Non-Corporate 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 appointment 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 July 2020.

Appointment as a member to the AASB will be made by the FRC as the peak body responsible for overseeing the effectiveness of the financial reporting framework in Australia.

The possible ‘at large’ member might have strategic, political, legal, valuation, or emerging issue skills that would assist the AASB consider issues likely to become important in the near future.  Expertise in external reporting (eg. remuneration, management commentary, service performance reporting), valuation of non-financial assets, digitalization and/or artificial intelligence and/or an individual who is currently a director, user or regulator of external reporting of corporate, public sector or charity external reporting would be valuable.

The AASB typically holds six, two day, meetings a year, plus occasional meetings on an as 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.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 the AASB website.

Applications should be addressed to:

The Chair
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 28 February 2020.

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:

  • AASB Member - Selection Criteria [DOCX 62KB]

Auditing and Assurance Standards Board

One vacancy currently exists for appointment as a part-time member of the Auditing and Assurance Standards Board (AUASB). In addition, there is a possibility of appointing an extra at ‘large member’, should there be an outstanding candidate not meeting the specific vacancy.

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 July 2020.

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 an individual who has experience as a non-executive director of or as a preparer of financial reports for large corporates. Ideally this member would also have experience on or working with audit committees and have strong corporate governance skills.

Any ‘at large’ member will have knowledge and ability to contribute to the work of the AUASB as an audit and assurance standard setting body, including the strategic or emerging issues outlined in the AUASB’s Strategy and Corporate Plan. Applications for that role (if appointed), would be especially welcomed from current practicing auditors from a Small and Medium Audit Practice.

The AUASB typically holds 7-8 days of meetings (for 2020 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 the AUASB website.

Applications should be addressed to:

The Chair
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 28 February 2020.

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: