Vacancy on FMB Audit and Risk Committee
A vacancy has arisen on the FMB’s Audit and Risk Committee.
The main role and responsibilities of the Audit and Risk Committee are:
- To monitor the integrity of the financial statements and review significant financial reporting judgments contained in them.
- To receive reports from management on the effectiveness of the system they have established and the conclusions of any testing carried out by internal and external auditors.
- To review the FMB’s internal financial controls.
- To develop and implement policy on the engagement of the external auditor to supply non-audit services, taking into account relevant ethical guidance regarding the provision of non-audit services by the external audit firm; and to report to the Board, identifying any matters in respect of which it considers that action or improvement is needed, and making recommendations as to the steps to be taken.
- To oversee FMBIS compliance.
- To ensure procedures are in place to prevent fraud.
- To enable the auditors the opportunity to review and challenge.
- To review the FMB’s Risk Register.
- To report to the Board on how it has discharged its responsibilities.
- To advise and/or carry out work as requested by the FMB Board.
As a member of the FMB's Audit and Risk Committee, you will be expected to have experience of running a company and financial knowledge.
If you are interested in putting your name forward please complete the Expression of Interest (EOI) form below by 2 April 2024.