The External Audit Committee (EAC)Last Updated: November 17, 2016
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.
Terms of Reference of the External Audit Committee
Professor Barth has served as a member of the External Audit Committee since November 2014.
Professor Barth is the Joan E. Horngren Professor of Accounting and BP Faculty Fellow in Global Management at the Stanford University, Graduate School of Business (GSB). Prior to joining the faculty at Stanford in 1995, she was an Associate Professor at Harvard Business School and an audit partner in Arthur Andersen & Co. Professor Barth’s research is published in a variety of journals and has won several awards. She is the Accounting Department Editor of Management Science and an Editor of The Accounting Review, and is on the Editorial Boards of several other academic journals. She has also served as a Senior Associate Dean for Academic Affairs at the GSB from 2002 until 2009.
Professor Barth was a member of the International Accounting Standards Board (IASB) from its inception in 2001 until 2009. She served as the Academic Advisor to the IASB from 2009 until 2011. Prior to joining the IASB, Professor Barth’s accounting standard setting activities included serving as a member of the Accounting Standards Executive Committee of the American Institute of CPAs and the Financial Accounting Standards Advisory Council of the Financial Accounting Standards Board. Professor Barth is also former President of the American Accounting Association (AAA) and has served as its President-Elect and Vice President, and as Chair of several AAA committees. She has also served as Vice President of the International Association for Accounting Education and Research. Professor Barth has made numerous academic and professional presentations in many countries as an internationally known accounting scholar and educator, and as an experienced international financial reporting standard setter.
Mr. Vikamsey has served as a member of the Fundís External Audit Committee since November 2015. Mr. Vikamsey, a chartered accountant, is currently the senior partner of Khimji Kunverji & Co., a member of HLB International, a leading mid-tier accounting network. Mr. Vikamsey has over 30 yearsí experience in financial reporting, external audit, and governance. He is a member of multiple advisory boards and an independent director of a variety of companies in India.
Prior to joining the Fundís External Audit Committee, Mr. Vikamsey was the Chair of the Audit Advisory Committee of the United Nations Development Programme. He also formerly served as president of both the Institute of Chartered Accountants of India and the Confederation of Asian and Pacific Accountants, and is a former Board member of the International Federation of Accountants.
Mr. Vikamsey has served as a committee member for the Government of India, the Reserve Bank of India, the Securities and Exchange Board of India, and the Insurance Regulatory and Development Authority of India. He was also a member of the United Nations Steering Committee for Comprehensive Review of Governance and Oversight.
Ms. Hodge has served as a member of the External Audit Committee since November 2016.
Ms. Hodge is a chartered accountant with over 20 years' experience in external audit, International Financial Reporting Standards (IFRS), internal controls, risk management, and governance. She is currently an audit partner of Grant Thornton, where she specializes in international financial institutions, manages the firm's quality control practice and related compliance function, and is a thought-leader on technical IFRS matters. Prior to Grant Thornton, Ms. Hodge was a partner of PricewaterhouseCoopers Antigua.
Ms. Hodge is a Fellow of the Association of Chartered Certified Accountants (ACCA) of the United Kingdom, and a practicing member of both the ACCA and the Institute of Chartered Accountants of the Eastern Caribbean.