Codifying Transparent Audit Cycles
Project Overview
The Credit-to-Credit Monetary System already functions: Central Ura (URU) circulates, Central Cru programs run, and several nations are preparing local C2C units. What keeps the system trustworthy is public proof that every currency unit is covered—today, tomorrow, every quarter. The Codifying Transparent Audit Cycles project will lock that proof into place.
No new bookkeeping regime is needed. Existing International Financial Reporting Standards (IFRS), US GAAP, and national public-sector guidelines are perfectly capable of attesting to gold bars, verified receivables, carbon credits, and URU balances. The missing piece is a common timetable, a common checklist, and compulsory public release. This project supplies all three, so wage-earners never again wake to stealth devaluation and investors never again guess at a reserve ratio.
Why It Matters
Historic blind spot – After 1971 accountants kept calling fiat currency “cash” even as its purchasing power floated like a stock. Balance sheets ignored silent erosion; audit opinions rarely flagged inflation risk.
Consumer protection – Under C2C every citizen has the right to know that yesterday’s paycheck still buys tomorrow’s basket. Predictable audits plus instant, public disclosure make that knowledge ordinary.
Investor confidence – Sovereigns, banks, and pension funds will only shift large balances into C2C instruments if reserve attestations follow the same rhythm everywhere, with no blackout windows.
Project Goals
Set a global cadence – quarterly limited-scope tests and an annual deep dive for every reserve holder, from Central Ura Reserve Limited to future national treasuries.
Use what already works – map IFRS, GAAP, IPSAS and sovereign-wealth-fund manuals onto a single “C2C Reserve Assurance Checklist” instead of inventing a novel standard.
Make results public – extend Globalgood’s Open-Data Reserve Dashboard with a signed PDF and hash for every report, time-stamped on-chain and mirrored to national registries.
Turn audits into alerts – feed headline ratios into consumer apps and media tickers so people see backing changes before they transact, not months later in an academic report.
Grow the talent pool – create a continuing-professional-development track called C2C Reserve Assurance and award accreditation in partnership with national accounting bodies.
Road-map
2025
• convene IFRS Foundation, FASB staff, Big-Four technical partners and three national audit regulators to draft the checklist
• publish a public-comment exposure draft and run webinars in English, French and Spanish
2026
• issue the first GUA Audit Calendar listing every reporting window for URU, early-adopter treasuries and pilot receivables registries
• launch the Audit Archive tab on the Reserve Dashboard with cryptographic proofs for gold, receivables and token balances
• integrate a push-notification module so users can opt in to “backing status” alerts on mobile and SMS
2027
• train the first cohort of two hundred auditors and comptrollers; award verifiable credentials via the national institutes that grant CPD credits
• require simultaneous filing to national company registries and the GUA portal once the Treaty of Nairobi enters into force
Beyond 2028 the GUA Standards Board will assume timetable stewardship; Globalgood will track compliance and publish a six-monthly league table of on-time filings.
Stake-holder Roles
Global Ura Authority – guardian of the master calendar and ultimate keeper of the Audit Archive once established
Central Ura Reserve Ltd – first-mover pilot providing quarterly URU reserve attestations and open-sourcing its methodology
National audit offices & Big-Four firms – perform engagements and sign opinions under existing professional standards
Accounting standard setters – endorse the checklist as an acceptable special-purpose framework, avoiding duplication
Consumer-protection agencies and fintechs – plug the reserve-status feed into banking apps, payment wallets and broadcast tickers
Advocacy Budget (Globalgood only)
Drafting workshops, translations, and white-paper design – 250 000 USD over two years
Three regional roadshows and virtual town-halls – 300 000 USD
Dashboard extension and API feed – 200 000 USD including security audit
CPD curriculum development and first-year examiner costs – 150 000 USD
Total anticipated spend for Globalgood: just under one million dollars. Actual audit fees, regulator staffing and tech-stack upgrades sit with treasuries, exchanges, and—post-treaty—the GUA.
Advocacy Budget (Globalgood only)
Audit networks and national standard setters are invited to join the drafting circle—request the exposure draft via projects@globalgoodcorp.org.
Governments and central banks can adopt the forthcoming GUA Audit Calendar as soon as it is published; early alignment cuts future migration costs.
Consumer advocates and UX designers can beta-test the reserve-status alert feed to be sure real people grasp the signal at a glance.
Sponsors and philanthropic partners can underwrite translation into additional languages or scholarship seats for auditors in low-income economies.
Transparent audit cycles end the era of silent dilution and open the era of money people can see—and trust. Help make that visibility routine.