How are the members of The External Audit Committee (EAC) of the IMF chosen or elected?

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The Politicus
Jul 29, 2021 10:45 PM 0 Answers
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How are the members of The External Audit Committee (EAC) of the IMF chosen or elected?

The External Audit Committee (EAC) has three members, all of whom are
independent of the IMF and its Executive Board. The EAC reports to the
Board of Governors and is responsible for the oversight of the IMF's
external audit, internal audit, financial accounting and reporting,
risk management and internal control functions. EAC members each have
the accounting and financial expertise required to fulfill the EAC's
oversight responsibilities.

https://www.imf.org/external/np/eac/eng/eac.htm#jp

The IMF describes what the EAC does; however, I could find very little about the process of choosing its members or how they're elected. The IMF claims that the EAC is independent, but because the process of choosing or electing its members aren't described, we cannot know how fully independent the EAC truly is.

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  • July 29, 2021