Legal audit
- Legal status of the organization
- Compliance with relevant RA legislation
- Transparency of organizational activities
- Involvement in legal disputes and reputation assessment
How
verifies nonprofits
IMAST designed detailed screening criteria to verify partner organizations
Who verifies?
We partner with independent legal and financial specialists who provide a comprehensive assessment of the reputation and reliability of nonprofits.
How verifies?
The specialists critically review the legal status, financial statements, reports, and social media accounts of nonprofits to eliminate the chance of deception, fraud, or scam.
What are verified:
- Legal status of the organization
- Organizational compliance with RA legislation
- Transparency in organizational activities
- Litigation and reputation
- Tax accounting and obligations
- Financing and operational activities
- Completed project reports
- Financial review of projects launched on IMAST
Scope of screening
Independent audit partnerAskConsult
Financial audit
- Accounting and tax compliance
- Financial sustainability and continuity
- Funding sources and project history
- Previously implemented projects
Three critical stages
Document collection and independent information gathering, expert analysis of provided documents, comprehensive feedback and decision-making.
- 01
Stage 1
Document collection and independent information gathering
In the first step, we request the required documents and independently gather publicly available information.
Required documents
- Organization registration certificate
- Founding documents
- Examples of management decisions
- Examples of employment contracts
- Statement of employees and service providers
- Donation collection methods (bank account, e-wallet, non-cash, etc.)
- Tax reports
- Audit report (if available)
- Financial statements
- Additional relevant documents as needed
Transition to Stage 2 only upon satisfactory document and information completeness.
- 02
Stage 2
Expert analysis of provided documents
Our specialists meticulously review all gathered information, including financial statements, legal documents, and public references. This in-depth analysis focuses on assessing compliance with regulatory frameworks and adherence to ethical standards. Potential inconsistencies, discrepancies, or non-compliance issues are identified and categorized based on severity.
What we check besides the documents
- Official website and social media
- Publicly available information
- Datalex.am
- petekamutner.am
- azdarar.am
- Media coverage
- 03
Stage 3
Comprehensive feedback and decision-making
Our thorough review culminates in a detailed report for each organization, outlining any concerns and assessing potential risks. This assessment guides our collaboration decisions.
Every organization gets a risk level
Low risk
Typically proceed with collaboration, potentially receiving suggestions for further growth.
Moderate risk
Receive guidance to address concerns and improve practices; collaboration is considered upon their response.
High risk
Excluded from the IMAST platform to uphold ethical standards.
Building trust with you remains our top priority, ensuring we foster ethical and sustainable partnerships. We value transparency and welcome any questions about our process.
