Audit Policy

The Investment Banking Council of America (IBCA) indiscriminately reviews and randomly audits applicants to verify the accuracy of the information provided and to confirm the credibility of the candidature. It is imperative that candidates selected for the random audit actively participate in this process and provide all the necessary information and documentation within the specified timeframe, upon receiving the audit notification. Candidates who refuse to participate in the review, do not respond to the request within the deadline specified in the audit email, or do not have the required documentation to support their application will not be permitted to take the exam or may result in the revocation of their earned charter.

Audit selection process

All candidates are subject to audit; however, IBCA randomly audits a percentage of applicants annually to ensure the integrity of the process and to maintain credential standards.

Timeline for auditing

Candidates will receive a notification email from the Audit Committee once the submitted documents have been reviewed.

Documents required to complete the audit

Candidates must respond to the audit email within 14 days, by submitting supporting documentation and a completed Candidacy Review Form. Supporting documents may include Education and Work Experience documents (official transcripts, work experience letters, detailed job descriptions, etc.) The documents submitted for audit should be supplementary to the application submitted during the registration process.

• Education and Work Experience documents, as requested (official transcripts, work experience letters, detailed job descriptions etc.)
• Candidature Review Form signed and completed

The documents submitted for audit should be supplementary to the application submitted during the registration process.

Note: Candidates seeking to request reconsidering their eligibility can download and fill out the Candidacy Reconsideration Request Form available here