Call for nominations for new IRBA board

The IRBA needs to replace members of the previous board, which was dissolved.

The caretaker board appointed by Finance Minister Tito Mboweni to guide the Independent Regulatory Board for Auditors (IRBA) after he had dissolved the previous board, is calling for nominations for new board members.

The caretaker board is currently made up of respected accounting professionals Nonkululeko Gobodo and Roy Andersen. They will be assisted in the selection and interview process by the National Treasury acting accountant general Karen Maree. Together, the three of them will form the nominations committee.

Applications close on 31 March and will be followed by a shortlisting process. Shortlisted applicants will be interviewed and the nominations committee will then table a proposed list of suitable candidates that will allow the finance minister to appoint up to 10 board members.

In the notice, IRBA said that applicants should have the necessary prior board governance experience, be qualified in either external auditing, law, or information technology, as the regulator is embarking on digital transformation. Five years senior or executive leadership experience is also required.

Nominees must be in possession of professional qualifications, must be members in good standing with a recognised professional institute and must be independent of the auditing profession.

There are also requirements for a representative and diverse board.