Exhibit 23.1

                         CONSENT OF INDEPENDENT AUDITORS


To the Board of Directors of
International Trust and Financial Systems, Inc.


We  consent to the use, in the Registration Statement of International Trust and
Financial  Systems,  Inc.  on Form S-8 relating to the registration of 6,000,000
common shares to be issued pursuant to the Employee Stock Incentive Plan for the
Year  2004 and 2,000,000 common shares to be issued pursuant to the Non-Employee
Directors  and  Consultants  Retainer  Stock  Plan  for  the  Year  2004  for
International  Trust and Financial Systems, Inc., of our Auditors' Report, dated
June  27,  2003,  on  the consolidated balance sheets of International Trust and
Financial  Systems,  Inc.  as  at  December  31,  2002 and 2001, and the related
consolidated  statements  of  operations  and  deficit  accumulated  during  the
development  stage, cash flows, and stockholders' equity (deficit) for the years
ended December 31, 2002 and 2001, and for the period from inception, October 12,
2000,  to  December  31,  2002.



/s/ Randy Simpson CPA PC
-------------------------------
Randy Simpson CPA PC
March 5, 2004



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