Audit Committee Chair — Aviation Services

The financial evidence this committee needs

Review the principal accounting judgements and the controls supporting them. Examine how management records cancellations, refunds, commissions and outstanding service obligations. Require a clear explanation of estimates and unresolved reconciliations that could materially affect the financial statements or the board's view of liquidity.

Set an assurance agenda that follows the business

Agree priorities with internal and external assurance providers, giving attention to transaction completeness, payment controls and the reliability of operational data used by finance. The chair should test whether assurance reaches the systems and intermediaries where material information originates, rather than stopping at a reconciled general ledger.

Maintain constructive independent dialogue with auditors and ensure material findings receive accountable responses. Repeated control issues need examination of underlying causes, not only another target completion date. Escalate matters that require full-board judgement while keeping the committee focused on its agreed remit.

Candidate evidence and independence

Candidates need substantial financial reporting and audit experience, ideally involving aviation, travel or another service business with complex transaction flows. A relevant accounting qualification or equivalent depth of expertise is expected. They should demonstrate the ability to chair a rigorous discussion and explain its implications to directors with different backgrounds.

The appointment is a board seat with committee leadership responsibilities. Management prepares accounts and operates controls; auditors retain their independent responsibilities. The chair will not act as a finance executive or direct individual audit procedures.

Effective contribution means clearer reporting judgements, a risk-based assurance programme and timely closure of significant control weaknesses. Candidates must disclose interests involving service suppliers, intermediaries, funders and professional advisers. Appointment-specific eligibility and independence will be assessed against the governance arrangements applying to the seat, without assuming that a prior committee appointment automatically establishes suitability here.