REQUIREMENTS FOR APPOINTMENT
For appointment to this position, the candidate must possess the following qualifications:
Bachelor's Degree in Commerce (Finance/Accounting option), Bachelor of Business Administration (Finance/Accounting option) or related field from a University recognized in Kenya.
Be a Certified Public Accountant of Kenya (CPA-K), or Certified Internal Auditor (CIA).
Be a member of ICPAK or the Institute of Internal Auditors (IIA) in good standing.
Should have at least 10 years of experience at a senior level in the private or public sector.
Be independent, proactive with confidence and integrity.
Proficiency in the use of computer applications.
Have demonstrated professional competence and administrative ability as shown in work performance and results.
Be a person with excellent working knowledge of an audit committee's functions and risk management frameworks.
Not a holder of a political office.
DUTIES AND RESPONSIBILITIES
The members constituting the audit committee will report to the Commission and Executive Management on, the significant financial reporting issues and judgements made in connection with the preparation of the Commission's financial statements (having regard to matters communicated to it by the auditor), interim reports, preliminary announcements and related formal statements. The duties and responsibilities will include
Provide assurance to the Commission that all financial and non-financial internal control and risk management functions are operating effectively and reliably
Be responsible for the management, development, and effective performance and provide leadership to the Audit Committee.
Act as the spokesperson for the Audit Committee.
Providing an independent review of an entity's reporting functions to ensure the integrity of financial reports.
Monitoring the effectiveness of the entity's performance management and performance information.
Providing strong and effective oversight of the Commission's internal audit function.
Providing effective liaison and facilitating communication between management, internal audit and external audit.
Providing oversight of the implementation of accepted audit recommendations.
Ensuring the Commission effectively monitors compliance with legislative and regulatory requirements and promotes a culture committed to lawful and ethical behaviour.