The Trustees of the IFRS Foundation invite applications from suitable candidates to fill a new vacancy on the IFRS Interpretations Committee (‘the Interpretations Committee’).
For this specific vacancy, when considering candidates, Trustees will look across all geographic regions for individuals who are currently practicing within a non Big Four accounting firm.
The Interpretations Committee is the interpretative body of the International Accounting Standards Board (the Board). It consists of fourteen voting members under the non-voting chairmanship of Sue Lloyd. The role of the Interpretations Committee is to interpret the application of IFRS® Standards to support the consistent application of IFRS Standards throughout the world and to provide timely guidance on financial reporting issues that are not specifically addressed in IFRS Standards, within the context of the Board’s Conceptual Framework.
The individual should:
- have a high level of technical expertise;
- add to the diversity of the Interpretations Committee in terms of international business and market experience;
- have market experience in the practical application of IFRS Standards and analysis of financial statements prepared in accordance with IFRS Standards; and
- be able to serve in an individual capacity and demonstrate their independence.
Ideally, the individual should be employed by an accounting firm with an IFRS team that has broad international representation that is able to demonstrate the extent of investment in global IFRS infrastructure. This may be demonstrated by some of the following:
- A dedicated global IFRS team
- Designated member firm specialists that form a global IFRS committee that liaises with and supports the global team, and designated IFRS contacts as other member firms
- Global IFRS consultation protocols
- Publications on the interpretation and application of IFRS Standards.
Interviews are planned for the first quarter of 2020 and the successful candidate will be appointed to serve for a term that will commence with immediate effect, and in order to remain in line with other memberships, the role will expire on 30 June 2022. The term may be renewed for a further three years.
Members are expected to attend, in London, up to six two-day meetings each year. Membership is unpaid, but the IFRS Foundation meets members’ reasonable travel expenses incurred for Interpretations Committee business.
Closing date for applications: 6 December 2019
Please refer to the criteria for Interpretations Committee members and indicate interest by sending a cover letter that should explain how the above requirements will be met along with a curriculum vitae to: Michel Madelain, IFRS Foundation Nominating Committee Chair, care of Jill Robinson, IFRS Foundation, Columbus Building,7 Westferry Circus, Canary Wharf, London E14 4HD, email: jrobinson@ifrs.org.
