Going-Concern and Viability Assurance Director

The mandate

The Audit Committee seeks independent advice on whether assurance over going concern and longer-horizon viability addresses forecast reliability, financing assumptions, downside severity and management response. The standing question is whether evidence supports the board's assessment across the relevant period, not whether a central-case model produces acceptable headroom.

Three days a week will cover review of management and assurance papers, monthly committee preparation and two downside workshops. Advice must identify where assumptions depend on uncommitted actions, correlated recoveries or decision timing, while respecting the responsibilities of directors and the statutory auditor.

The Director has no line authority, board decision right, management-forecast ownership or statutory audit opinion. Recommendations on evidence gaps, scenario adequacy and disclosure challenge route through the Committee Chair. Directors own their statements; the external auditor reaches an independent conclusion.

The nine-month term closes after the reporting assessment and one subsequent forecast refresh. Renewal requires a new standing question. Conflicts include current financing relationships, prior preparation of the models and work for parties whose support is assumed; disclosure and recusal are mandatory where objectivity may be affected.

What you will own

• Map assessment periods, obligations, funding availability, forecast sources, covenant or liquidity thresholds and management actions.
• Review central and downside assumptions for history, evidence, correlation, controllability and time-to-effect.
• Test whether mitigating actions are within management control, sufficiently specific, timely and free from double counting.
• Challenge reverse stresses and severe-but-plausible cases that omit compound movement or assume unavailable responses.
• Evaluate forecast accuracy and bias at comparable horizons without treating past error as automatically predictive.
• Facilitate two workshops where directors consider action sequencing, disclosure implications and residual uncertainty.
• Distinguish board assessment evidence from statutory-audit procedures and avoid implying assurance beyond each provider's work.
• Transfer a challenge checklist and open-assumption register to the Committee secretariat before closure.

Candidate qualifications

• At least 18 years in statutory audit, financial reporting, restructuring assurance or board audit support.
• Active Norwegian state-authorised public accountant, CPA, ACA, ACCA or equivalent licensed-audit credential.
• Evidence of challenging a going-concern or viability assumption because mitigating action was uncommitted or too late.
• Deep knowledge of forecast evidence, liquidity, covenants, reverse stress, scenario correlation, disclosures and auditor responsibilities.
• A case where you separated board responsibility from external-auditor assurance without weakening either challenge.
• Experience identifying management actions counted more than once across downside scenarios.
• Full conflict disclosure regarding lenders, investors, model authorship or assumed support providers.

Working terms and boundaries

• The appointment runs three days weekly for nine months, covering seven meetings, two workshops and one later forecast refresh.
• There is no line authority, director decision, forecast ownership, financing execution or statutory-audit opinion.
• Conflicts are reviewed before sensitive funding assumptions are shared; the Chair controls restriction and recusal.
• Preparation of management forecasts and negotiation of financing are excluded.
• Completion requires reviewed evidence, two exercises, a refreshed assumption register and committee-accepted transfer.

Application

Applications for this mandate are received in one way only: through the India Board Terminal's application process. It is automated end to end. Your Executive Passport travels to the mandate holder in its confidential form, your answers to the three questions below are read before anything else in your file, and every stage that follows is recorded on your applications page.

There is no address to write to and no intermediary to call. The mandate holder reads what the Terminal delivers and nothing else, which is what keeps the process the same for every applicant and keeps your name out of it until you release it. Applications close on 11 October 2026. Mandate reference AUD-ADV-2026-OSL-40.