Offer summary

Qualifications:

Practical experience in accounting for financial instruments., Knowledge relevant to IASB projects like Financial Instruments with Characteristics of Equity, Amortised Cost Measurement, and Dynamic Risk Management., Experience as a preparer or investor in financial instruments., Willingness to participate actively in discussions and provide technical insights..

Key responsibilities:

Advise the IASB on projects related to financial instruments.

Provide stakeholder feedback to enhance consultations.

Participate in regular public meetings, including in-person and virtual sessions.

Contribute to improving the transparency and effectiveness of IASB technical consultations.

Job description

The International Accounting Standards Board (IASB) invites applications for membership of its new Financial Instruments Consultative Group (FICG).

Purpose of the FICG

This consultative group will support the IASB’s projects related to financial instruments by providing specialist technical knowledge and practical insights. It will:

advise the IASB on projects related to accounting for financial instruments;
enhance the quality and representativeness of stakeholder feedback by providing input to supplement consultations with the Global Preparers Forum and the Capital Markets Advisory Committee; and
improve the efficiency, effectiveness and transparency of IASB technical consultations through regular public meetings.

Membership profile

The IASB is seeking up to 15 members with expertise in accounting for financial instruments. Members will include preparers (from both financial and non-financial institutions) and users of financial statements.

Essential attributes include:

practical preparer or investor experience in accounting for financial instruments;
practical knowledge relevant to the IASB’s current projects, such as Financial Instruments with Characteristics of Equity, Amortised Cost Measurement and Dynamic Risk Management; and
willingness to participate actively in open, constructive discussions.

When considering applications, the IASB will aim for balanced representation of regions and industries to ensure a broad and inclusive perspective.

Commitment and meetings

Voluntary, unpaid role. Members are responsible for their own travel and accommodation costs when attending an in-person meeting.
Two regular meetings each year (including one in-person meeting at the IASB’s offices in London). Additional ad hoc meetings as required, which will be held virtually.
Meetings will generally be public and broadcast live to promote transparency.