Chairperson, Audit Committee

Requirements for appointment

For appointment, a candidate must:

• Be a Kenyan Citizen.
  
• Possess a minimum of a Bachelor’s Degree in Commerce, Business Administration, Economics or related field from a University recognized in Kenya. A master’s degree and/or a post graduate professional qualification in the relevant area and a certificate in Corporate Governance will be an added advantage.
  
• Be Certified Public Accountants of Kenya (CPA-K), or Certified Internal Auditor (CIA).
  
• Be a member of ICPAK or Institute of Internal Auditors (IIA) in good standing.
  
• Have at least 12 years’ experience at a senior level in the private or public sector.
  
• Have Board experience from at least one institution.
  
• Excellent working knowledge of an audit committee ‘s functions and risk management frameworks;
  
• Must not be a present or past employee or an agent of the Commission in the past two years.
  
• Demonstrate independence in the performance of the duties.
  
• Have a good understanding of government operations, financial reporting and auditing.
  
• Have thorough knowledge of the Public Finance Management Act and regulations thereto.
  
• Not a holder of a political office.
  
• Must be compliant with the requirements of Chapter six of the Constitution of Kenya on Leadership and Integrity.
  

Requirements for appointment

For appointment, a candidate must:

• Be a Kenyan Citizen.
  
• Possess a minimum of a Bachelor’s Degree in Commerce, Business Administration, Economics or related field from a University recognized in Kenya. A master’s degree and/or a post graduate professional qualification in the relevant area and a certificate in Corporate Governance will be an added advantage.
  
• Be Certified Public Accountants of Kenya (CPA-K), or Certified Internal Auditor (CIA).
  
• Be a member of ICPAK or Institute of Internal Auditors (IIA) in good standing.
  
• Have at least 12 years’ experience at a senior level in the private or public sector.
  
• Have Board experience from at least one institution.
  
• Excellent working knowledge of an audit committee ‘s functions and risk management frameworks;
  
• Must not be a present or past employee or an agent of the Commission in the past two years.
  
• Demonstrate independence in the performance of the duties.
  
• Have a good understanding of government operations, financial reporting and auditing.
  
• Have thorough knowledge of the Public Finance Management Act and regulations thereto.
  
• Not a holder of a political office.
  
• Must be compliant with the requirements of Chapter six of the Constitution of Kenya on Leadership and Integrity.
  

• Provide leadership to the audit Committee of the Commission.
  
• Provide oversight on Governance, Risk management and Control processes at the Commission and make appropriate recommendations.
  
• Report to the Commission on activities and decisions made by the Audit Committee.
  
• Examine Internal and external Audit reports and recommendations after management response to ensure action is taken.
  
• Periodically arrange for review of the effectiveness and performance appraisal of the Audit Committee and the Internal Audit function.
  
• Setting the agenda for each meeting with the committee members.
  
• Drive the assessment of the performance of the Head of the Commission’s Internal Audit.
  
• Perform an independent review of the financial statements to ensure the integrity and transparency of the financial reporting process.
  
• Monitor the effectiveness of the Commission’s performance information and compliance with the performance management framework and performance reporting requirements.
  
• Ensure the Commission effectively monitors compliance with legislative and regulatory requirements and promotes a culture committed to lawful and ethical behaviour