BDO in Ukraine as independent auditor at Steel Freedom 2023 final architectural competition

This year, BDO in Ukraine was invited as the independent auditor of the competition to ensure transparency and integrity when counting the votes of reputable jury members to identify the winners.

The competition, held on December 2, was attended by young architects and designers, who embodied the most ambitious creative ideas to realize the project of a rehabilitation center for military personnel and war veterans in Zhytomyr.

This year's competition task had a strong social focus and, as usual, was based on the real architectural, planning, and design requirements of the construction customer, — the Zhytomyr City Council.

The participants developed and presented to the reputable jury their conceptual designs for the rehabilitation center using steel structures.

Should an independent auditor be invited to the competition?

The auditors' involvement in controlling the counting of jury votes is an important practice that can foster transparency and confidence in the results of the competition.

Here are some aspects and benefits that organizers can gain by inviting an independent auditor to oversee the vote count:

Transparency and Credibility:

The involvement of auditors in the vote counting process can increase transparency and credibility of the evaluation process.

Impartiality:

Auditors acting independently of the competition organizers and jury members can prevent potential conflicts of interest or bias.

Objectivity and Publicity:

Auditors can provide an objective opinion on the vote counting process, promoting openness and integrity.

Compliance with standards:

Audit professionals can ensure that standards are followed during the vote counting process, thus ensuring that the results are correct and objective.

At the Steel Freedom 2023 competition, clear protocols and rules for the participants were outlined, so the auditor believes that the results of this year's student architecture competition are transparent, fair and reliable.

BDO in Ukraine provides diverse and highly qualified audit services, covering all aspects of financial and operational analysis of companies. Our team of auditors specializes in careful review of financial statements, identifying risks and providing recommendations for their effective management.

Our auditors review a company's operations, internal processes and control systems to ensure compliance with the high standards and identify approaches to improve business performance. We cover a wide range of industries, providing our clients with the tools they need to make informed decisions.

You are welcome to use our audit services to ensure the reliability and transparency of your business. Together, we will develop your potential opportunities and achieve financial success. Hurry up, send us a request and let BDO professionals audit your company.