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ICAEW Regulatory Board vacancies for lay and non lay members

Author: ICAEW

Published: 18 Feb 2022

ICAEW protects the public interest by making sure ICAEW’s firms, members, students and affiliates maintain the highest standards of professional competency and conduct.

ICAEW’s regulatory and disciplinary roles are separated from ICAEW’s other activities so that we can monitor, support or take steps to ensure change if standards are not met. These roles are carried out by the Professional Standards Department and overseen by the ICAEW Regulatory Board (IRB).

The IRB’s primary objective is to ensure ICAEW’s regulatory and disciplinary work is carried out in the public interest and to provide assurance to government, oversight regulators, media and members of the public that each task is carried out objectively without any bias shown either towards or against the interests of an ICAEW member or firm.

The IRB also has a wider objective at the heart of its work. This is the quest to promote and maintain the highest professional standards among ICAEW members and firms and for ICAEW to act, and be seen to act, as an improvement regulator.

The IRB is currently looking to appoint two lay members and two ICAEW chartered accountant members (non lay) to join the IRB. For more information on what we mean by lay, please refer to the role profile. As the IRB has a role in areas of reserved legal services and some existing board members are legally qualified, it would be beneficial if applicants are lay for legal services matters.

Successful candidates will have the ability to assess evidence and the good reasoning skills needed to make the right call. Experience of and an interest in regulation will be beneficial. It would also be helpful, though not essential for candidates to have experience of one or more of the following: i) marketing and communications, ii) consumer issues, iii) insurance.

Applications from new accountant members currently in practice, or recently retired from practice would be very welcome, as would experience in the area of tax. These are not essential requirements.

The term of appointment is for three years from June 2022 – May 2025, with the potential of reappointment for up to a further three years. Members of the IRB benefit from training and development opportunities and may be eligible to apply for appointment as Alternate or Vice Chair, when the opportunity arises.

The IRB meets up to six times a year. The IRB also operates via sub groups for specific projects. IRB members would also be able to get involved in the work of the sub groups which look at a range of matters, including anti-money laundering, risk and the IRB’s communication strategy.

We are committed to diversity in the Chartered Accountancy profession and at ICAEW. We believe the profession and our own organisation does best when it reflects the society we serve.

We welcome applicants from all backgrounds and communities and in particular, those that are currently underrepresented in our workforce. We particularly encourage female candidates to apply for this position, as they are currently underrepresented at this level on the IRB.

Download the role profile. Candidates wishing to apply should submit their CV with a supporting statement (no more than 1500 words) explaining how they meet the criteria for the role as set out in the role profile, together with the diversity monitoring form. Please send your application to R&CRecruitment@icaew.com.

Lay members receive a meeting fee of £350 per meeting, with pro rata payments for other commitments. Expenses are reimbursed in line with ICAEW policy.

For ICAEW members, the role is unremunerated, but expenses are reimbursed in line with ICAEW policy.