The medical volunteer battalion “Hospitallers” has engaged Kreston Ukraine to conduct an independent review of the foundation’s programs, focusing on:
✔️ the accuracy of accounting records;
✔️ the availability of supporting documentation for material transactions;
✔️ and the alignment of funds usage with stated objectives.
Kreston Ukraine specialists have already completed the review of the first program – a multi-million fundraising campaign for a new organizational base – and plan to review nearly all Hospitallers’ past fundraising initiatives in the coming months.
Speaking at a briefing held on May 1 at the Ukraine Crisis Media Center, Kreston Ukraine Partner and CEO Andrii Popov noted that the client may disclose the results of the review, thereby increasing transparency and providing stakeholders with direct access to verified information.
At the same time, he emphasized that independence and objectivity remain core principles of auditors’ work, in line with both international standards and public expectations regarding the impartiality of such engagements.
The engagement is performed as an agreed-upon procedures (AUP) engagement in accordance with ISRS 4400, one of the most relevant tools for enhancing transparency in projects involving charitable funds.
This approach involves a structured examination of key aspects of the organization’s financial activities through a predefined set of procedures agreed with the client. The focus includes reconciliation of financial flows, analysis of supporting documentation, consistency of accounting data, and tracking the actual movement of funds within defined programs.
A distinctive feature of this format is that auditors report factual findings based on performed procedures without providing assurance or forming evaluative conclusions. This enables report users – including donors and the public – to independently interpret the results based on verified factual information.
Within such engagements, particular attention is paid to:
- consistency of financial information across different sources;
- traceability of transactions from receipt of funds to their use;
- availability of proper supporting documentation;
- alignment of expenditures with stated program objectives.
The application of ISRS 4400 agreed-upon procedures or independent audits in the non-profit and volunteer sector contributes to building a new culture of accountability, where not only outcomes but also the transparency of processes is essential. This approach strengthens trust in organizations working on socially important initiatives and creates a foundation for more structured engagement with donors and partners.
Kreston Ukraine consistently supports practices aimed at enhancing transparency and trust in socially significant initiatives, contributing to the implementation of modern approaches to financial accountability in the charitable and volunteer sector.
