The European integration reform of audit legislation in Ukraine is reaching a new level. In addition to harmonizing audit rules with EU standards and implementing ESG audit, the Government approved the procedure for auditing international agreements to protect the financial interests of Ukraine and the EU.
Comprehensive approach to audit reform
The reform covers three key areas:
- Modernization of audit legislation – ensuring a transparent and competitive market for audit services.
- Implementation of ESG audit – modern standards for auditing corporate sustainability reporting.
- Audit of international agreements – control over the use of Ukraine Facility funds and other international agreements.
ESG-audit: new standards of transparency
- Specialized certification of auditors according to European standards;
- Mandatory application of international assurance standards;
- A separate section in the Register of Auditors for ESG audit entities;
- Enhanced quality control and compliance with international methodologies.
Benefits for business: access to European markets, increased investment attractiveness and new opportunities for audit firms.
Audit of international agreements: guarantee of financial security
On November 19, 2025, the Government approved the Procedure for state financial audit within the framework of international agreements. Purpose: ensure the legality, efficiency and reliability of the use of financial resources of the Ukraine Facility and other international agreements.
Principal mechanisms
- Legality of the use of funds;
- Cost efficiency and effectiveness;
- Reliability of financial statements;
- Functioning of internal control in accordance with international principles.
The audit is delivered according to the state financial control plan, which is published on the website of the State Audit Service. This is a key element of the system provided for by the Framework Agreement with the EU.
Comprehensive effect for Ukraine
Combination of three areas of the reform: Modernization of audit, ESG audit and audit of international agreements ensures:
- increase of the transparency and quality of financial and non-financial reporting;
- strengthening of the confidence of international partners and investors;
- access of Ukrainian companies to European markets and global supply chains;
- Development of the professional community of auditors;
- Reliable protection of the financial interests of Ukraine and the EU.
So let’s summarize
Audit and financial control reform is a strategic step for Ukraine towards European integration. It ensures:
- a modern, transparent and competitive audit system;
- an increase of the investment attractiveness of Ukrainian business;
- Ukraine’s integration into the European economic space;
- new opportunities for audit firms in the field of ESG and international financial control.
Ukraine is strengthening its positions in the international arena, increasing investor confidence, and creating the prerequisites for sustainable economic development according to European standards.
Kreston Ukraine provides comprehensive expert support in adapting to reforms in audit legislation, implementing ESG audits, and preparing for audits of international agreements in line with EU requirements. Our specialists help assess the impact of regulatory changes on business, prepare internal processes, and ensure compliance with European standards. Contact the Kreston Ukraine team to take advantage of new opportunities in a timely manner and minimize regulatory risks.
