BUSINESS AUDITING 

Independent Assurance. Strategic Insight. Lasting Integrity. 

At IFB Bank, our Business Auditing Division offers far more than mere compliance—it delivers clarity, credibility, and command. We provide rigorous, independent audit services tailored to the complex financial structures and regulatory environments faced by today’s institutions, family offices, and multinational enterprises. 

With meticulous attention to international audit standards (ISA) and bespoke sectoral requirements, our audit process integrates forensic accuracy with strategic foresight. Whether mandated by statutory obligations, investor demands, or internal governance frameworks, our audits offer an unassailable basis for decision-making and stakeholder trust. 

Our services include: 

• Statutory and regulatory audits (IFRS, GAAP, local standards)
• Internal control evaluation and risk management auditing
• Forensic accounting and transaction tracing
• AML/KYC process verification audits
• Special-purpose audits for M&A, restructurings, or sovereign financing deals

Integrity is not optional. It is engineered. 

Our auditors operate with complete independence, fortified by a code of ethics and a deep understanding of financial ecosystems. Through a synthesis of data analytics and field-tested judgement, we safeguard financial transparency—empowering our clients to lead with confidence. 

Hourly Audit Fee Schedule 

As part of our regulatory and fiduciary obligations, any documentation submitted for consideration—particularly involving financial instruments or pledged assets—is subject to a professional audit, which includes both verification (ascertaining authenticity) and validation (assessing legal and commercial enforceability). 

Please find below our prevailing audit tariff schedule: 

Specialist Services Covered (included where applicable): 

• Asset Verification: Authenticity check of bank instruments (SBLC, MTN, BG, etc.), SWIFT, Bloomberg, CSD, or custodian statements
• Validation: Legal standing of the instrument under applicable law, enforceability, and acceptance by regulated counterparties
• Provenance Analysis: Assessment of ownership chain, lien encumbrances, and origin of funds
• Transaction Structuring Review: Evaluation of compatibility with trade finance, monetisation, or repo mechanisms
• Regulatory Conformity: Screening against sanctions lists, OECD Annex II red flags, and applicable KYC/AML rules

Engagement Terms: 

• A minimum charge of €600 applies to any audit engagement.
• Fees may be invoiced in advance or progressively, based on scope and time required.
• For urgent matters requiring 48h turnaround or less, a 20% urgency premium may be added.
• For well-scoped engagements, a capped estimate can be provided on request.

Please note that the application of audit fees does not imply acceptance of the transaction or client relationship. All onboarding decisions remain subject to internal compliance, risk committee approval, and final management discretion.