Inspired by this awesome comment by Evan Gaensbauer.
Tangentially related: comment thread about compensating Long Term Future Fund grantmakers
Evan did a great, independent audit of the recent round of Long Term Future Fund grants.
This seems like a clear value-add. It'd be good to have similar audits happen for each round of EA grantmaking.
Currently, we're relying on folks taking it upon themselves to do audits like this. There's no formal structure, and if such audits stopped, there wouldn't be any institutional consequences (though there'd likely be indirect consequences, such as lower grantmaking quality over time).
Given that audits like this seem like a clear value-add to the EA grantmaking process, building formal structure to support grantmaking audits seems leveraged.
Many firms do something analogous by maintaining "Internal Audit" business units, though it's not clear that those units are well-designed. See also Open Phil's recent announcement of their intention to build out an internal "Impact Evaluation" function.
Should the EA community find a way to financially support independent audits of its grantmaking?