IAASA is seeking expressions of interest from suitably qualified candidates for nomination as Ireland's member of the Audit and Assurance Council of the UK Financial Reporting Council ('FRC'). Under arrangements recently put in place, Ireland adopts the Auditing Framework for Ireland. This Framework is based on the Auditing Framework issued by the FRC in the UK.
There has been a history of Irish participation in the work of the UK bodies producing auditing standards, and since 2013 Ireland has been allocated a position on the Audit and Assurance Council. Expressions of interest are now being sought for the next nominee. The nominee’s role is to represent Ireland on the Council and to contribute to the development of a high quality and robust audit and assurance regime.
The period of membership of the Audit and Assurance Council proposed under this invitation is 3 years. The individual selected will be nominated to the FRC in a personal capacity and not as a representative of an organisation or body.
It is intended that the selection of a successful candidate will be made prior to the end of the current three year nominee period in May.
The nominee will also be required to contribute to the work of IAASA in adopting standards in this jurisdiction. While these arrangements have yet to be finalised, it is envisaged that in due course a similar committee will be established to support IAASA in its standards development.
Links to the following are available here -
A background note on the Audit and Assurance Council;
A candidate specification.
The deadline for responses to this invitation has now passed.