Call for Independent Audit and Risk Committee Members

SARS is calling for applications from professionals who wish to serve on its Independent Audit and Risk Committee members (ARC) for the term 2024 to 2027, which is subject to renewal at the discretion of the Accounting Authority.

ADVERT CLOSING DATE: 26 JUNE 2024

SARS is established in terms of the South African Revenue Service Act, 1997 (Act 34 of 1997) and is a Schedule 3A public entity in terms of the Public Finance Management Act, 1999 (Act 1 of 1999) (as amended).

What is the ARC?

The ARC is a statutory committee, and candidates are expected to have an advanced understanding of the fiduciary duties as outlined in the Public Finance Management Act, the Companies Act, 2008 (Act 71 of 2008) and the Regulations thereof. SARS has adopted the King IV corporate governance principles and, as such, candidates must be familiar with the responsibilities and obligations as outlined therein.

Qualifications and Experience needed for ARC members

The ARC serves as an oversight committee in relation to accounting & financial internal controls, compliance & risk management, and governance.

SARS is seeking suitably qualified professionals with a high degree of integrity, ethical leadership, executive leadership competence, and good interpersonal and communication skills who hold postgraduate qualifications in either Chartered Accountancy (SA), Audit (internal and external), Technology and Information Governance, Law and Risk Governance, and who possess:

  • Five years’ experience serving on boards and/or audit committees; and/or
  • Five years’ experience practicing in the relevant area of qualification/expertise.

Experience in tax law administration will be an added advantage. The appointed members shall receive remuneration in accordance with the rates determined by the Minister of Finance.

Want to be a ARC member? Click here to express your interest. 

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