Audit Committee Members (2 Positions) At Commission On Revenue Allocation (Cra)

Audit Committee Members (2 Positions) At Commission On Revenue Allocation (Cra)
Company:

Commission On Revenue Allocation (Cra)


Audit Committee Members (2 Positions) At Commission On Revenue Allocation (Cra)

Details of the offer

The Commission on Revenue Allocation (CRA), is an independent Commission set up under Article 215 of the Constitution of Kenya 2010. Its core mandate is to recommend the basis for equitable sharing of revenues raised nationally between the national and the county governments, and among the county governments. FUNCTIONS OF CRA The functions of the Commission include: 1. Recommend the basis of equitable sharing of revenue raised by national government between national and county governments. 2. Recommend the basis of equitable sharing of revenue raised by national government among county governments. 3. Recommend on matters concerning the financing of both the national government and county governments. 4. Recommend on matters concerning financial management of both national and county governments.
Duties and responsibilities:
Provide strong and effective oversight of the commission’s Internal Audit Function;
Promote effective and efficient audit process by providing an independent review of the internal audit work plans and reports;
Evaluate internal and external audit reports and make appropriate recommendations;
Evaluate the adequacy of the control environment to ensure high standards and functioning of the financial and non-financial internal control system;
Ensure the integrity and transparency of the commission’s Financial Reporting Process; and regularly undertake independent review of the commission’s financial statements;
Monitor the effectiveness of the commission’s performance management and performance information;
Review the level of compliance with relevant legislative and regulatory requirements and promote a culture committed to lawful and ethical behavior.
Academic Qualifications:
Bachelor’s degree in any of the following: – Accounting, Auditing, Risk Management, Finance, Economics, Human Resource Management, Banking, Law or any other related field from a University recognized in Kenya.
Possession of a Master’s Degree in any of the above fields will be an added advantage.
Professional qualifications relevant to their field and be a member in good standing of the relevant professional body e.g. ICPAK, IIA, IHRM, ICPSK, AKIB.
Experience:
A Minimum of (10) years professional experience in any of the following fields:- Accounting, Auditing, Risk Management, Finance, Economics, Human Resource Management, or Law at senior management level in the Public Service, 5 of which must have been in Audit;
Have a thorough understanding of the relevant legislations, best practices and emerging issues in Accounting, Auditing, Risk Management, Finance, Economics, Human Resource Management, Law and other related fields in the public service;
Have a good understanding of the mandate of the Commission on Revenue Allocation as well as National Government operations and financial management system.
Knowledge and skills requirements, and general competencies:
Be a person of integrity, demonstrated professional competence and strong interpersonal skills;
Not be a present employee or past employee of the Commission on Revenue Allocation for the last two (2) years;
Be compliant with the requirements of Chapter Six of the Constitution on Leadership and
Integrity, and must obtain clearance from the following institutions:-Ethics and Anti-corruption Commission, Criminal Investigations Department, Kenya Revenue Authority, Higher Education Loans Board and any of the Credit Reference Bureaus.
Terms and Conditions of Service:
Members of the committee shall:
Be appointed for a term of three (3) years, renewable for a further one term subject to satisfactory performance.
Serve on a part time basis.
Be paid allowances at rates determined by the Salaries and Remuneration Commission.

Requirements

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