International audit company will conduct an audit of the charitable activities of KSE Foundation in March 2022. In the following months, Crowe Ukraine will also carry out a monthly audit of the Foundation activities.
“Transparency and efficient use of funds have always been the core principles of KSE Foundation. We are convinced, a thorough review of all the Fund’s activities by external experts is a duty to donors and all who need our support. We are grateful for their willingness to conduct an audit for a nominal fee, which is an important contribution to supporting the country during the war,” said Svitlana Denysenko, Director of KSE Foundation.
Since the start of the full-scale Russian invasion, KSE Foundation has raised over $17 mln in charitable contributions. The funds are used to purchase military ammunition, first-aid kits, food, humanitarian, medical and psychological assistance to the victims, etc.
The task of the audit is to verify all the funds being used for their intended purpose and do not stand idle on the accounts, with contracts being not disrupted and performed in due time. Moreover, the auditors will provide recommendations for further improvement of the Fund’s work processes.
The audit of the KSE Foundation’s first month of work in wartime will approximately last from 2 to 4 weeks. The results will be published immediately upon the receival of the auditors’ conclusions.