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Needed - Audit Committee Public Volunteer Position

The Port of Seattle:

Every role at the Port of Seattle is vital to our thriving community. We are a leader in moving people and cargo across the country and around the world. With facilities and property ranging in scope from a half-acre park to one of the largest airports and container terminals on the West Coast, we maximize the public assets in our portfolio with an eye toward best uses and environmental sustainability. Find out more here.
 

What we are looking for:

The Port of Seattle (Port) Commission is seeking an External Volunteer Member (Public Member), to serve on the Port’s Audit Committee. The Public Member will serve as an advisor to the elected officials and is not considered a voting member of the Committee for the purposes of quorum determination.

The Port’s Audit Committee is comprised of three (3) members; two (2) elected officials and one (1) Public Member. The Public Member is a volunteer position, served by a member of the community, who is a subject matter expert, and demonstrates the following:

  • Independence of Port management and any external audit firm currently employed by the Port or subcontracted by any auditor employed by the Port.
  • Familiarity with the Generally Accepted Accounting Principles (GAAP), Government Accounting Standard Board (GASB) guidance, and Generally Accepted Auditing Standards (GAAS) or Generally Accepted Government Auditing Standards (GAGAS).
  • Experience in the preparation, supervision/oversight, or auditing of the financial statements of comparable public entities.
  • Experience in the application of GAAP in regard to estimates, accruals, and reserves.
  • Experience in the assessment and evaluation of risks, risk assessments, and internal controls.
  • An understanding of or experience with a public sector Audit Committee.
  • An understanding of or experience with performance audits.
  • Able to make a commitment to serve a three-year term.
  • Holds a Certified Public Accountant license from the State of Washington or a Certified Internal Auditor designation from the Institute of Internal Auditors.

The public member will be recommended by the Audit Committee for appointment and confirmation by the Commission. The public member may be removed during his or her term by the Commission President. Commission members of the Audit Committee, as well as the Committee Chair, will be selected by the Commission President at the beginning of each calendar year.
 

Meetings and Commitment:

  • The Committee meets at least four times a year, with the authority to convene additional meetings as circumstances require.  Meetings are typically between two and three hours and occur either at the Port’s Pier 69 facility in Downtown Seattle or at the Airport Office Building at Seattle Tacoma Airport.
  • Meeting agendas will be prepared and provided in advance to members, along with appropriate briefing materials.
  • Pre-Audit Committee Briefings that are generally between 30 and 45 minutes are held between each audit committee member and the Audit Director.
  • All Committee meetings are open public meetings, except for meetings that exclusively discuss items that are exempt from public disclosure under RCW 42.56.420. Non public meetings are generally reserved for discussion of Information Technology Audit Reports.
  • A quorum of the Committee is required to conduct official Committee business. A quorum is defined as a majority of voting members, which are the two elected officials.
  • The Committee will invite members of management, auditors, or others to attend meetings and provide pertinent information, as necessary.
  • Minutes will be prepared and approved by the Audit Committee.

How to apply:

VIEW/DOWNLOAD APPLICATION

Contact Information:

Audit Committee Commission Members:

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