Grant and Donor Project Audit in Ukraine

Who needs a grant audit

A grant audit is usually required by the grant agreement or by the donor’s policy. We most often work with:

• Ukrainian NGOs and charitable foundations implementing grants from the EU, UN agencies, European government donors (GIZ, SDC, Sida), embassies and international foundations;
• non-profit organizations that need an annual institutional audit;
• implementers of international technical assistance projects in Ukraine;
• local offices reporting to international headquarters on the use of designated funding.

What we verify

• use of funds in line with the approved project budget;
• completeness and quality of supporting documents (contracts, invoices, bank statements);
• compliance with the donor’s procurement procedures;
• payroll and taxation of the project team under Ukrainian law;
• foreign currency accounting and exchange differences;
• compliance of bookkeeping with Ukrainian legislation and the grant agreement.

Deliverables

Depending on the donor’s requirements we issue:

• an audit report on the project’s financial statements under International Standards on Auditing (ISA 800/805);
• a report of factual findings under agreed-upon procedures (ISRS 4400) — the format most frequently requested by international donors;
• a management letter with recommendations.

All reports are available in English and Ukrainian.

How it works

1. Send us the grant agreement and the project financial reports.
2. Within 1–2 business days you receive a fee quote and timeline.
3. We sign the engagement letter and receive the documents — fully remote work is possible.
4. We perform the audit and discuss preliminary findings with you.
5. You receive the audit report for the donor and practical recommendations for your organization.

Why MK Audit

• 30+ years of audit practice; registered in the official Register of Auditors of Ukraine.
• Experience with projects funded by UN agencies, the Global Fund, international pharmaceutical companies and, previously, USAID.
• Deep knowledge of Ukrainian non-profit accounting and tax rules.
• English-language reports accepted by international donors.
• Full confidentiality; we work remotely across Ukraine.

Frequently asked questions

Is a grant audit mandatory?

Yes, if it is stipulated in the grant agreement or the donor’s policy. Many donors require an audit for grants above a certain amount or at the end of each project period.

How much does a grant audit cost in Ukraine?

The fee depends on the project budget and the number of transactions. Send us the grant agreement and financial reports and we will provide a quote within 1–2 business days.

How long does it take?

Usually one to three weeks, depending on the volume of documentation and the donor’s deadline.

Can the audit be performed remotely?

Yes. We audit organizations across Ukraine; documents can be provided electronically.

In what language is the report issued?

In English and/or Ukrainian, depending on the donor’s requirements.

Order a grant or donor project audit