{
  "title": "External Audit Committee",
  "sourceUrl": "https://www.imf.org/en/about/external-audit-committee",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Mandate and responsibilities",
      "content": "- The External Audit Committee (EAC) has three members, all of whom are independent of the IMF and its Executive Board.\n- The EAC reports to the Board of Governors.\n- The EAC is responsible for the oversight of the IMF's:\n  - external audit,\n  - internal audit,\n  - financial accounting and reporting,\n  - risk management,\n  - internal control functions.\n- EAC members each have the accounting and financial expertise required to fulfill the EAC's oversight responsibilities.\n- Last Updated: November 1, 2025"
    },
    {
      "heading": "Composition and member profiles",
      "content": "- The members of the IMF's External Audit Committee are:\n  - Mr. Tamai\n    - Has served as a member of the Fund’s External Audit Committee since November 2023.\n    - Certified public accountant with 34 years of experience in audits of financial statements and internal control.\n    - Currently an independent consultant providing advice to start-up audit firms and mentoring young auditors.\n    - Previously spent 33 years at Deloitte Touche Tohmatsu, including 17 years as a partner.\n    - Led audits of multinational companies in Japan and the Japanese subsidiaries of companies incorporated in the United States, Europe, and Singapore.\n    - Acquired extensive experience in the accounting and auditing standards of Japan and the United States, along with the International Financial Reporting Standards (IFRS), and the International Standards on Auditing.\n    - Responsibilities included internal inspections of audit engagements, coaching audit partners, and non-audit services including advisories on internal audit, internal control, and IFRS implementation.\n    - Gained international experience through a four year secondment to the United States and leadership of global audit teams with partners from a diverse number of developed and emerging countries.\n  - Ms. Ingram\n    - Appointed to the Fund’s External Audit Committee in November 2024.\n    - Principal at Cath Ingram Advisory, providing governance, risk, and assurance services to the Public Sector.\n    - Chairs and serves as an independent member on several Audit and Risk Committees for the Australian Government.\n    - Executive Coach focused on developing leaders and businesses.\n    - Career spanning 37 years, including Office Chairperson and senior Partner at KPMG’s Canberra office.\n    - Registered company auditor for over 20 years, leading audits for major Australian Government agencies and publicly listed companies in the financial and property sectors.\n    - Experience in internal and external audit and specialist skills in independent program assurance for large, complex IT dependent public sector reforms.\n    - Former KPMG Account Leader for services to the Australian Government and previously National Partner in Charge of Internal Audit and Risk.\n    - Fellow of the Institute of Chartered Accountants in Australia and New Zealand and holds a Bachelor’s Degree in Accounting.\n  - Mr. Huppé\n    - Has served as a member of the Fund’s External Audit Committee since November 2025.\n    - Retired from the Canadian federal government in 2024; served as Comptroller General of Canada from 2017 to 2024.\n    - As Comptroller General, responsible for government-wide direction and leadership for financial management, internal audit, federal assets and acquired services (project management).\n    - Led the Financial Management Transformation initiative within the Government of Canada.\n    - Entered the public service in 1992 at Global Affairs Canada in the Financial Services Division.\n    - Prior roles include Chief Financial Officer and Assistant Commissioner, Finance and Administration Branch at the Canada Revenue Agency, and Chief Financial Officer at Fisheries and Oceans Canada.\n    - Holds a bachelor’s degree in finance from the Université du Québec and a master’s in public administration from l’École nationale d’administration publique de Gatineau.\n    - Chartered Professional Accountant (CPA) and holds the designation of Fellow of the Order of Chartered Professional Accountants of Quebec."
    },
    {
      "heading": "Governance documents and standards referenced",
      "content": "- Terms of Reference of the External Audit Committee.\n- References to International Financial Reporting Standards (IFRS) and the International Standards on Auditing in member experience summaries."
    }
  ],
  "bullets": [
    "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.",
    "The EAC is responsible for the oversight of the IMF's:",
    "EAC members each have the accounting and financial expertise required to fulfill the EAC's oversight responsibilities.",
    "Last Updated: November 1, 2025",
    "The members of the IMF's External Audit Committee are:",
    "Terms of Reference of the External Audit Committee.",
    "References to International Financial Reporting Standards (IFRS) and the International Standards on Auditing in member experience summaries.",
    "[Terms of Reference (PDF)](/external/np/eac/eng/pdf/eactor.pdf){rel=\"external\" type=\"application/pdf\"}"
  ],
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    {
      "title": "Terms of Reference",
      "role": "document",
      "sourceUrl": "https://www.imf.org/external/np/eac/eng/pdf/EACToR.pdf",
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  "generatedAtUtc": "2026-10-01T19:41:52.954Z"
}