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Independent Board Member - Financial Reporting Advisory Board, HM TREASURY
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Independent Board Member
HM Treasury invites applications for an independent member to join the Financial Reporting Advisory Board (FRAB). FRAB is an independent statutory body that makes key decisions and provides advice to HM Treasury and Parliament on the direction of financial reporting policy in the public sector.
This is an opportunity to apply your knowledge and expertise on a range of topical financial reporting issues, from the development of new climate-related finance disclosures for government departments, to the introduction of new IFRS standards to the UK public sector.
We are looking for applications from individuals who have experience working at a senior level in the finance and accounting profession. This is a voluntary role.
Board meetings are held three times per year, in March, June, and November with occasional additional meetings as needed. Meetings are held on a hybrid basis, with in-person attendance encouraged for the November meeting.
Role of the Financial Reporting Advisory Board
The Board includes representatives from the finance and accountancy professions from the private and public sectors, academia, and government bodies.
The Board considers proposed changes to financial reporting policy and practice. Where changes to IFRS are agreed, the Treasury is responsible for publishing them (the relevant document is the Government Financial Reporting Manual (FReM)).
Role of FRAB Member
As a Board member, you will be required to contribute to the overall success and effective and efficient operation of FRAB in the following ways:
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- Regular attendance at FRAB meetings (typically 3 meetings per year).
- Draw on your knowledge and expertise to play a full part in Board discussions and decision-making on issues of financial reporting practice and principles.
- Contribute to discussions in out-of-meeting issues and provide views on additional papers.
- Be objective when considering accounting issues and points of accounting principle.
- Adhere to the FRAB Membership Code of Conduct and declare any personal conflicts of interest related to issues being considered or subject to the provision of advice.
FRAB Member - Person Specification
We would like you to demonstrate the following essential criteria:
- Evidence of relevant accounting or reporting experience at a senior executive level.
- Evidence of providing effective leadership in an advisory or senior management role, and the ability to participate in the formation of policies and strategies.
- Ability to challenge constructively and influence decision making within a board setting.
- Evidence you are a qualified accountant (CCAB or equivalent), with evidence of strong International Financial Reporting Standards knowledge and application.
An understanding of the UK public spending and reporting environment and the role of FRAB is desirable but not required.
To ensure the independence of this position is preserved, applicants must not hold an active role in public sector financial reporting or audit, and individuals with current professional involvement in public sector bodies will not be considered. If candidates would like to discuss the independence requirement for the position, please contact the Secretariat directly.
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HM Treasury is committed to attract, retain, and invest in talent wherever it is found. We embrace diversity and promote equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.
How to Apply
To apply for the role, please send a copy of your CV and a covering note (with a maximum of 1 page) outlining your interest in the post and how you meet the person specification requirements to FRABSecretariat@hmtreasury.gov.uk
Please also send the following with your application:
- Completed Disability Confident Scheme, Political Activity, and Conflict of Interest questionnaire
- Completed diversity monitoring form
Supply details of two referees who may be contacted to provide a reference or information relating to your application. Details should include names, addresses, contact number, email address, and occupation.
The application deadline is COP on Friday 9th October 2026.
Interviews are to be held in November/December 2026.
Interviews are expected to take place via a virtual meeting platform and details of how to access the meeting will be sent to shortlisted candidates.
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