Transparency of NOS - OSF
Transparency in administering financial resources of NOS – OSF
The statute of the Nadácia otvorenej spoločnosti – Open Society Foundation, as well as the law (Act 34/2002 on foundations and on amended civil law with revised regulations), requires that the foundation be audited. The auditor’s statement is available to the public. With Slovakia’s EU accession have come a number of processes associated with meeting the requirements of this union. One of these is the emphasis on unifying accounting regulations, to achieve comparability in financial reports, regardless of where the subject compiling the report is based. By means of EU legislative acts, these needs were provided for by establishing international financial reporting standards (IFRS) within the union’s territory. The independent International Accounting Standards Committee publishes these standards. Apart from the statutory audit, every year NOS – OSF prepares financial statements in accord with the standards, making it more transparent and trustworthy for foreign donors as well.
Ethical Code
The Nadácia otvorenej spoločnosti – Open Society Foundation is an independent, non-political institution. The goal of its activities is to foster the public good of society. In undertaking its activities, the foundation acts in accord with relevant legal standards and with its own ethical code. The code summarizes the principles that express the basic values of our organizational culture, and the direction of NOS – OSF. Every member of the Board of Directors, Board of Elders, expert commissions, as well as foundation employees, work by the code’s principles. The entire text of the foundation’s Ethical Code is available to the public.
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