Member, Audit Committee at Teachers Service Commission (TSC)

Key Responsibilities

• Provide oversight on Governance, Risk management and Control processes 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.
• Review the effectiveness and performance appraisal of the Audit Committee and the Internal Audit function.
• Participate in 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.
• Provide strong and effective oversight of the Commission’s internal audit function.
• Evaluating whether processes are in place to address key roles and responsibilities in relation to risk management.
• Perform the roles and responsibilities as laid out in the guidelines issued by the Public Sector Accounting Standards (PSAB), the Public Finance Management Regulations, 2015 and the Audit Committee Guidelines for National Government entities.

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 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.
• Should have at least 10 years’ experience at a senior level in the private or public sector.
• 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.