Media Law Institute Successfully Underwent Financial Audit

February 19, 2015

Media Law Institute obtainedthe highest score following the results of financial audit. Independentauditors pointed out that organization’s financial management correspondscurrent Ukrainian legislation and accountability demands of civicorganizations.

Financial audit took place inJanuary-February 2015. Audit covered questions of Balance Sheet, IncomeStatement and Cash Flow Statement as of 31.12.2014 and the year that ended onthis date as well as Report on Funds Usage that were given according to theAgreement with Swedish International Development Cooperation Agency (SIDA).

“Kyiv Audit Group” held theaudit. Audits stated the following: “In our opinion, the financial statementscomprised of Balance Sheet, Income Statement and Cash Flow Statement as atDecember 31, 2014 and the year that ended, prepared, in all material respects,in compliance with the Ukrainian Accounting Standards and the applicableUkrainian laws”.

Please find the Audit Report attached.

Media Law Institute’s institutional development is provided by SwedishGovernment through Swedish International Development Agency (SIDA).