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:

  • Bookkeeping
  • 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