Science for All Foundation, together with its wholly owned subsidiary, KXI Research and Consulting, LLC, required a financial audit to support grant reporting and maintain eligibility for ongoing and future funding. As a global nonprofit dedicated to advancing scientific progress—particularly in underserved communities—the Group sought to demonstrate financial transparency, reinforce internal controls, and fulfill its regulatory obligations.
Dimov Audit conducted a comprehensive audit of the Group’s consolidated financial statements for the year ended December 31, 2023. The audit focused on evaluating internal systems, verifying expenditures across grant-funded and philanthropic initiatives, and ensuring compliance with applicable nonprofit reporting standards. Our approach emphasized clarity, efficiency, and adherence to best practices in nonprofit financial accountability.
The Result
The Science for All Foundation and KXI Research and Consulting, LLC received a clean audit opinion with no findings or deficiencies. The outcome reinforced the confidence of the Group’s board members, supported its commitment to transparency, and strengthened its readiness for future funding opportunities and philanthropic initiatives.
A financial statement audit involves an independent examination of a company's financial records to ensure accuracy and compliance with accounting standards.
Audits are essential for compliance with legal and regulatory requirements, investor and stakeholder confidence, and accurate financial reporting.
It includes a thorough review of financial statements, assessment of internal controls, and ensuring adherence to accounting principles.
Preparation involves organizing financial records, understanding the audit process, and collaborating with the audit team for efficient execution.
The duration varies based on company size and complexity but generally includes planning, fieldwork, and wrap-up phases.
Yes, we welcome inquiries and consultations. You can request a consultation through our Contact Us page, and our team will be in touch to schedule a convenient time.