Gov/en/Portal:Justice/Court-of-Auditors: Difference between revisions

{{ExpertIntro|We are heading towards decentralised financial ecosystems requiring independent governance oversight. This hypothesis proposes that institutional audit frameworks, adapted from public accounting standards, can establish trust in dual-governance structures (Foundation + operating Associations) managing multi-stage fundraising (bonding curves), reward distribution, and subscription-based sustainability. The emerging trend suggests auditor independence and transparent compliance mechanisms become essential as financial flows scale across distributed stakeholders.}}

Within this structure, financial flows (donations, Rewards, subscription revenue, marketplace commissions, and Need-Driven Funding flows) circulate among supporters, Users Groups, and service providers. As these flows scale, rigorous governance becomes essential to maintain trust, prevent abuse, and ensure alignment with both WikiDeal's own principles and internationally recognised standards of public accountability.

The Reward structure (one single type of Reward, 1 Reward = CHF 1 when cashed out) distributes as follows:

* '''50 million Rewards''' allocated to '''Early Supporters''', outside the bonding curve

* '''50 million Rewards''' generated for '''donors''' who contribute the expected CHF 1M. At donation time, within the frame of the '''Need-Driven Funding''' (which aligns the effective reward with the Foundation's declared needs), each donor freely chooses how many of the generated Rewards they keep and how much they leave to the project as pure support

The Court of Auditors' mandate covers the integrity of this entire mechanism, from bonding curve execution to Reward distribution, subscription management, and commission ethics.

# '''Audit the fairness and compliance''' of WikiDeal's reward mechanisms, commission structures, and fund distribution processes

* Reward distribution accuracy and timeliness

* Equal-share integrity in Reward distribution (each distributed franc divided equally among the Rewards activated at that moment, within each group)

=== 4.1 Rewards System ===

* '''Distribution accuracy:''' Audit that, within each group, each distributed franc is divided equally among the Rewards activated at that moment, and that only activated Rewards participate

* '''Activation registry integrity:''' Verify the records of Reward activations (payment confirmations, including bank transfers taking up to 7 days, and the invitations to the optional donor webinar)

* '''Consumption and cash-out:''' Verify the 1:1 consumption rule (each CHF credited consumes one Reward) and that cash-out transfers respect the CHF 100 minimum

* '''Early Supporters allocation:''' Audit that the 50M Rewards allocation and the 25% subscription-revenue share are consistently applied

* '''Donor reward mechanism:''' Verify that donor Rewards are generated correctly, that the effective multiplier follows the published Need-Driven Funding rule, and that each donor's choice (Rewards kept versus support left to the project) is faithfully recorded

* Establish baseline audit criteria for Rewards, Commissions, and Open Calls

* Conduct first audit cycle on the Rewards distribution mechanism

* '''WikiDeal Financial Model''': Bonding curve, Reward structure, commission principles (Ynternet.org Foundation)

The WikiDeal Court of Auditors is an independent oversight body reporting to the Ynternet.org Foundation Steering Committee. Its mandate covers governance quality, financial compliance, reward mechanism integrity, Open Call standards, and proportionate audit coverage for all Users Groups. Grounded in established institutional audit best practices, it operates across three phases (Foundations, Pilot Audits, Operational Deployment) over 1–2 years at 10% engagement (~48 hours/quarter for the Chair).

* [[Gov/en/Portal:Economy/Rewards|Rewards]]

* [[Gov/en/Portal:Economy/Rewards-FAQ|Rewards FAQ]]