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4 Sep. 2015

Auditing and Assurance Standards Board (AUASB) applications for appointment as a member

The Auditing and Assurance Standards Board (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.

Appointments are made by the Financial Reporting Council (FRC) for a maximum of 3 years, with the possibility of extensions for a maximum of 2 further terms. To be re-appointed for the third term, members need to re-apply. The FRC may decide to reappoint for the second term without calling for other nominations.

There are two vacancies available for individuals currently providing audit or assurance services. Expertise in specialist IT audit, use of data analytics, group audit or audits of financial institutions would also be valuable.

Applications submitted must address the selection criteria. Further information about the position, the framework for appointment to the AUASB, remuneration and allowances is available from the AUASB website.

Applications can now be submitted till COB Tuesday 8 September 2015.