Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 1766

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9B
Chunk 1766
---
 have a direct or indirect
material interest (other than compensation described under “Executive Compensation” above). We believe the terms obtained
or consideration that we paid or received, as applicable, in connection with the transactions described below were comparable to terms
available or the amounts that would be paid or received, as applicable, in arm’s-length transactions: 

There were no transactions concluded with related parties that meet
the criteria outlined above.

38

Item 14. Principal
Accountant Fees and Services

RBSM LLP serves as our independent registered
public accounting firm.

The following table sets forth the aggregate
fees including expenses billed to us for the years ended December 31, 2024 and 2023 by our auditors:

    Year Ended December 31,  
    Year Ended December 31, 

    2024  
    2023 
  
    Audit fees and expenses 
    $117,500  
    $81,000 
  
    Taxation preparation fees 
     -  
     - 
  
    Audit related fees 
     -  
     15,000 
  
    Other fees 
     -  
     - 

    $117,500  
    $96,000 

(1)Audit fees and expenses were
for professional services rendered for the audit and reviews of the consolidated financial statements of the Company, professional services
rendered for issuance of consents and assistance with review of documents filed with the SEC.

Audit Committee’s Pre-Approval Practice

Prior to our engagement
of our independent auditor, such engagement was approved by our board of directors. The services provided under this engagement may include
audit services, audit-related services, tax services and other services. Pre-approval is generally provided for up to one year and any
pre-approval is detailed as to the particular service or category of services and is generally subject to a specific budget. Pursuant
our requirements, the independent auditors and management are required to report to our board of directors at least quarterly regarding
the extent of services provided by the independent auditors in accordance with this pre-approval, and the fees for the services performed
to date. Our board of directors may also pre-approve particular services on a case-by-case basis. All audit-related fees, tax fees and
other fees incurred by us for the year ended December 31, 2024, were approved by our board of directors.

39

PART IV

Item