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- Title
Audit of Non-governmental Organizations in Ukraine: Challenges and Prospects.
- Authors
KRAVCHENKO, Viktoriia; SLOBODIANYK, Yuliia
- Abstract
In Ukraine, citizens have created a large number of civil society institutions (public organizations, charitable organizations, trade unions). The activity of public organizations plays a significant role in the processes taking place in society, and therefore necessitates checking (audit) the financial and economic aspects of its implementation. The article describes the essence of non-governmental organizations, considers the factors that shape the need to draw the attention of scientists to the activities of non-governmental organizations, namely: the growing number of nongovernmental organizations in Ukraine in recent years and the income of the most prominent NGOs in 2020. The peculiarities of the audit of non-governmental organizations are determined, which consist of separating a particular type of audit services, typical for different grantees - audit of grant Projects. In addition, the grounds for conducting a general audit in NGOs are highlighted - in contrast to the typical practice for business, not only the legislative requirements can push non-governmental organizations to wish to conduct an audit of financial statements. Much attention is paid to the issues of transparency and accountability of organizations. The risks that auditors should take into account during the audit of non-governmental organizations and typical errors that may occur during the audit of NGOs are also considered. Particular attention is paid to procurement procedures and possible fraudulent schemes that may arise on the basis of these procedures. At the same time, examples of the direct influence of donors on the activities of non-governmental organizations and, as a consequence, on the audit of NGOs are given. The challenges faced by auditors when working with NGOs and barriers to market entry are highlighted.
- Subjects
UKRAINE; NONGOVERNMENTAL organizations; CHARITIES; AUDITING; FINANCIAL statements; MARKET entry; AUDITORS
- Publication
Accounting & Finance / Oblìk ì Fìnansi, 2021, Issue 94, p16
- ISSN
2307-9878
- Publication type
Article
- DOI
10.33146/2307-9878-2021-4(94)-16-22