Role of the IASAB chair and person specification

The Chair is expected to ensure the overall success and effective and efficient operation of the IASAB.

The Chair is expected to:

  • Chair and lead the IASAB, ensuring its effectiveness and encouraging a full contribution from its members
  • ensure the IASAB fulfils its remit in accordance with its Terms of Reference and the Memorandum of Understanding between the Relevant Internal Audit Standard Setters
  • maintain and build the IASAB’s credibility in its provision of independent advice on internal audit principles and standards to the Relevant Internal Audit Standard Setters in its dealings with its stakeholders
  • ensure the strength and calibre of the IASAB through effective review of its performance and by succession planning
  • ensure the IASAB maintains excellent relationships with the Relevant Internal Audit Standard Setters, the Chartered Institute of Internal Auditors and other relevant bodies
  • review the performance of IASAB members on a regular basis.

Essential qualities and experience of the Chair include:

  • independence from the Relevant Internal Audit Standard Setters
  • a proven track record of chairing or strong leadership capability at this level
  • a professionally qualified accountant or internal auditor (CCAB, CMIIA or equivalent)
  • strong communication and presentation skills, including the ability to represent the IASAB effectively with a wide range of public and private stakeholders
  • strong intellectual qualities with an ability to help set the IASAB’s strategic direction
  • understanding of the UK auditing environment, both external and internal, and the role and influencing power of the IASAB in that environment;
  • understanding of the sensitivity of the IASAB’s role as an independent advisory body to the Relevant Internal Audit Standard Setters.
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