Policy on Auditor Independence

The objective set out in this policy is to maintain the independence of ICG’s external auditor.

The independence of the external auditor may be impaired if it, directly or indirectly, maintains a financial, employment or business relationship with ICG or provides services which:

1. Create a mutual interest
2. Place the auditor in a position of auditing their own work
3. Result in the auditor acting as a manager or employee of ICG, or
4. Place the auditor in a position of advocate for ICG, or
5. Create a risk of familiarity or intimidation wrongly influencing the auditors’ work

ICG will only use its external auditor to provide non-audit services when permitted and in circumstances where those services do not impair the auditor’s independence or objectivity, both in fact and appearance.