Auditor Independence

Auditor Independence

External auditor objectivity and independence: non-audit services

The general policy of iib is that the Group should only engage the Auditor to supply non-audit services in exceptional circumstances.

The Audit Committee of the Board ensures compliance with the Policy and has the sole authority to approve the use of the Auditor for non-audit services. 

Services that are prohibited include:


Design and implementation of financial information systems

Internal control and risk management services

Actuarial services

Internal audit outsourcing

Provision of management and human resources functions

Broker or dealer, investment advisor or investment banking services

Legal services

Expert services unrelated to the Group Statutory Audit