Investment Audit
Where the invested money went and what was obtained
Go to the Initiative Audit serviceChecked against the official source:
An investor or parent company puts money into a project and a year later receives a report that cannot be verified from the inside. An investment audit confirms that the expenses are real, relate to the project and are in line with the agreed budget.
Who may commission it
An initiative audit may be commissioned by the company itself, its owner, or a participant or shareholder holding at least 5% (Article 36 of Law ZRU-677). An investor without a stake commissions the audit through the company under a contract, and the client determines the focus and scope (Article 38).
What is tested
- Use of the funds received for their intended purpose
- Documentary support for project costs
- Allocation of expenses to this particular project rather than to other activities
- Consistency of actual costs with the approved budget and explanation of variances
- Reality of the work performed and the assets acquired
A common problem
Mixing project expenses with the company's general expenses is a typical situation, especially when the project is run by the same legal entity. Without separate accounting it is extremely difficult to confirm that funds were used as intended, so separate accounting should be set up before financing starts, not afterwards.
Verify how the funds were spent
We will confirm that the investment was used as intended and explain variances from the budget.
Go to the Initiative Audit serviceFrequently asked questions
Does the auditor assess the project's prospects?
No. The subject of the audit is actual spending and its consistency with the budget, not a forecast of commercial success.
Can a minority participant commission an audit?
Yes, if their share in the charter capital is at least 5% (Article 36 of Law ZRU-677).
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