Auditor Independence

A summary of Wyelands Bank’s Policy, (with the oversight of the Audit Committee) on the defined list of Services by the Bank’s Statutory Auditor can be found below;

  • Bookkeeping
  • Design and implementation of financial information systems
  • Internal control and risk management services
  • Appraisal or valuation services
  • Actuarial services
  • Internal audit outsourcing
  • Provision of management and human resources functions
  • Broker or dealer, investment advisor or investment banking services
  • Legal services
  • Transaction-related and restructuring services.

Allowable services that the Board Audit Committee considers for approval include:

  • Statutory audit and audit related services and regulatory non-audit services
  • Training, surveys and software
  • Risk management and controls advice
  • Transaction support
  • Business support and recoveries
  • Translation services.