MK Audit: grant audit and NGO accounting in Ukraine since 2000
We are a Kyiv audit firm that has worked with non-profit organisations, donor-funded projects and foreign-owned businesses since 2000. Two practice areas: audit of grants, projects and annual NGO financial statements, and accounting services for organisations and companies. Reports are issued in English and Ukrainian, and we work remotely across Ukraine.
- MK Audit LLC, 30 Tarasivska St., Kyiv, Ukraine
- Ukrainian Register of Auditors and Audit Entities No. 4624
- Member of DFK International, a network of independent audit firms in over 90 countries
- Auditors confirm their qualification every year; the firm passes external quality control
- Reports for the EU, GIZ, UN agencies, embassies and private foundations
What we do
Audit of grants, donor-funded projects and non-profit organisations
Expenditure verification against the budget and the grant agreement, audit of annual NGO financial statements, verification of grant use, capacity assessment before a grant. Report in the format the donor requires: ISA 800, ISA 805, ISAE 3000 or ISRS 4400. Grant audit for donors, audit of non-profit organisations, project audit.
Accounting for NGOs, LLCs and representative offices
Project-based grant accounting, donor reports in budget format, payroll and HR records, tax compliance, IFRS and English-language reports for foreign owners. Books kept from day one so that the audit passes without findings. Accounting services in Ukraine.
Organisations and companies that trust us
UNFPA, UNDP, Caritas, projects funded by the EU, GIZ, embassies and private foundations. Project audits, spot checks, verification of partners’ expenditure.
Alliance for Public Health, Centre for Democracy and Rule of Law, Expert Interbranch Association of Ukraine and dozens of other organisations that need a report for a donor or a board.
Roche, B. Braun, Acumen International, Oriflame, Samsung, Kodak: audit, IFRS, accounting for representative offices and subsidiaries.
Client reference letters are collected on the testimonials page.
Five rules we keep on every engagement
We raise findings immediately so that you have time to provide documents and correct the accounts before the report is signed. The donor receives a clean report, not a list of problems.
The team includes auditors and lawyers in commercial and tax law. The grant agreement, the charter and tax risks are reviewed at the same time, not one after another.
The audit report and the management letter are issued in English and Ukrainian. We answer donor questions after submission together with you.
Documents are exchanged through secure file transfer, are not disclosed without the client’s consent and are kept in line with the law and professional ethics.
Our engagement letters include liability for the quality of work and advice. We send a proposal after reviewing the assignment, with no hidden fees.
Most engagements are completed without site visits. We travel where the donor or the nature of the task explicitly requires it.
Who works on your engagement
The firm’s auditors confirm their qualification with the Audit Chamber of Ukraine every year, and staff are members of the Ukrainian Federation of Professional Accountants and Auditors. Every employee holds a degree in economics or law. Reports are signed by a certified auditor from the Ukrainian register, backed by DFK International membership and external quality control.
From a publishing house for accountants to donor project audits
The team starts out as the Glavbukh audit and publishing group: audit, tax advice and publications for accountants.
Over 1,000 issues of accounting journals and more than 100 books on accounting and taxation. This is where the habit of explaining complex things in plain words comes from.
The audit practice continues under the name MK Audit. The focus shifts to non-profit organisations, donor-funded projects and foreign-owned companies.
The firm is a member of the DFK International network and issues reports accepted by donors, banks and foreign owners worldwide.
What clients ask before the first meeting
Are you on the audit register and do donors accept your reports?
Yes. The firm is listed in the Ukrainian Register of Auditors and Audit Entities under No. 4624. Our reports have been accepted by UN agencies, EU and GIZ projects, embassies and private foundations. Before we start we send the register extract and confirmation of DFK International membership.
Do you only work in Kyiv?
No. Engagements are performed remotely through secure file exchange anywhere in Ukraine. We travel when the donor explicitly requires it.
How much do your services cost?
The fee depends on the scope and the report format. We send a proposal after reviewing the assignment, usually within one working day.
Can you keep our books and audit them at the same time?
Under independence rules an auditor cannot audit accounts that the auditor keeps. For each client we therefore provide either audit or accounting services, and we say so openly at the first meeting.
Request a proposal
Tell us about the task, the donor and the deadlines. We reply within 1 working day.