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Call for Expressions of Interest for Independent Financial Expert to ICANN Board Audit Committee

LOS ANGELES – 12 February 2019 – The Internet Corporation for Assigned Names and Numbers (ICANN) is seeking expressions of interest to serve as an external independent Financial Expert to the ICANN Board Audit Committee.

Background

ICANN's Board Audit Committee is responsible for reviewing the annual financial report of ICANN's operations and financial position and overseeing ICANN's internal financial and accounting controls and procedures. To continue to improve controls and procedures, the Board Audit Committee adopts many of the best practices used by private company audit committees. One practice is the use of an external volunteer to serve as an independent consultant to the Board Audit Committee to provide financial expertise, advice and assistance on questions related to ICANN's financial statements (the "Financial Expert to Audit Committee").

Currently, the ICANN Board Audit Committee is seeking to fill this opening as soon as possible. It is not expected that the Financial Expert will attend every Audit Committee meeting but will serve at the pleasure of the Audit Committee to discuss or analyze issues as appropriate.

Key responsibilities, qualifications and expectations of the Financial Expert include:

Key Responsibilities

  • Be available to attend Board Audit Committee meetings (typically four to six per year) telephonically or as agreed upon, in person. Each committee meeting typically lasts 90 to 120 minutes, and the Financial Expert will provide oral or written reports to the Audit Committee summarizing observations or analyses, as necessary.
  • Review materials circulated prior to Board Audit Committee meetings.
  • Be available by email or phone call to Board Audit Committee to advise on issues related to the duties of the Audit Committee.
  • Assist Board Audit Committee in its oversight of ICANN's financially-related risks.
  • Other duties as assigned or requested.

Proposed Qualifications

  1. Certified CPA (or equivalent) with a minimum of 15 years of experience in accounting, with an understanding of generally accepted accounting principles ("GAAP") and financial statements, as well as non-US-based accounting principles including International Financial Reporting Standards, with the ability to assess the general application of such principles in connection with the accounting for estimates, accruals, and reserves.
  2. Served on or consulted with both not-for-profit and for-profit Audit Committees.
  3. Experience analyzing financial statements and accounting and financial controls for both for-profit and not-for-profit businesses similar to ICANN in both size and industry.
  4. Expertise with Audit Committee best practices for for-profit and not-for-profit companies.
  5. Fluency in English required.
  6. Proven ability to communicate complex information and concepts, both orally and in writing.
  7. Knowledge of the Internet and Domain Name System preferred.
  8. Independent from ICANN's accounting firm, Independent Audit firm, Internal Audit function provider, and other ICANN-contracted parties.
  9. Independent from ICANN staff and ICANN's Supporting Organizations and Advisory Committees.
  10. No conflicts of interest.

Compensation and Reimbursement

The Financial Expert to the Audit Committee will be a voluntary position and will not receive compensation for his or her time or expertise. All reasonable expenses for work performed as the Financial Expert to the Audit Committee shall be paid for by ICANN. These expenses may include, but are not limited to, travel costs incurred due to work for ICANN including airfare, lodging, meals, and ground transportation.

Should specific and significant amount of work pertaining to the role of the Financial Expert but not included above would be requested from the Financial Expert, reasonable compensation for the time spent shall be paid by ICANN.

Timing

The goal is to identify potential candidates in time for ICANN organization to make a presentation about the top candidates to the Audit Committee by May 15, 2019 and for the consultant to be engaged by June 30, 2019, ICANN's fiscal year end.

Expressions of Interest

Expressions of interest should be sent to auditcomm-finex@icann.org no later than by 5 April 2019.

About ICANN

ICANN's mission is to help ensure a stable, secure, and unified global Internet. To reach another person on the Internet, you need to type an address – a name or a number – into your computer or other device. That address must be unique so computers know where to find each other. ICANN helps coordinate and support these unique identifiers across the world. ICANN was formed in 1998 as a not-for-profit public-benefit corporation with a community of participants from all over the world.


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Internationalized Domain Name ,IDN,"IDNs are domain names that include characters used in the local representation of languages that are not written with the twenty-six letters of the basic Latin alphabet ""a-z"". An IDN can contain Latin letters with diacritical marks, as required by many European languages, or may consist of characters from non-Latin scripts such as Arabic or Chinese. Many languages also use other types of digits than the European ""0-9"". The basic Latin alphabet together with the European-Arabic digits are, for the purpose of domain names, termed ""ASCII characters"" (ASCII = American Standard Code for Information Interchange). These are also included in the broader range of ""Unicode characters"" that provides the basis for IDNs. The ""hostname rule"" requires that all domain names of the type under consideration here are stored in the DNS using only the ASCII characters listed above, with the one further addition of the hyphen ""-"". The Unicode form of an IDN therefore requires special encoding before it is entered into the DNS. The following terminology is used when distinguishing between these forms: A domain name consists of a series of ""labels"" (separated by ""dots""). The ASCII form of an IDN label is termed an ""A-label"". All operations defined in the DNS protocol use A-labels exclusively. The Unicode form, which a user expects to be displayed, is termed a ""U-label"". The difference may be illustrated with the Hindi word for ""test"" — परीका — appearing here as a U-label would (in the Devanagari script). A special form of ""ASCII compatible encoding"" (abbreviated ACE) is applied to this to produce the corresponding A-label: xn--11b5bs1di. A domain name that only includes ASCII letters, digits, and hyphens is termed an ""LDH label"". Although the definitions of A-labels and LDH-labels overlap, a name consisting exclusively of LDH labels, such as""icann.org"" is not an IDN."