You will see the three challenges the committee put to the case, the evidence the team brought back, and the reason the chair signed in the first sitting.
The case held because the saving was attributed to a single named cost centre and validated by the bank's own internal audit before the committee read it.
“An audit committee that has to hunt for the saving will not approve it.”
We are publishing the field note because the methodology is reproducible. Run it on your own KYC operations and your own data; you will reach the same answer or you will reach a different one and we want to know why.