ISRS 4400 agreed-upon procedures report in Ukraine
An agreed-upon procedures (AUP) engagement is the format most donors request at project completion: the auditor performs the procedures listed in the terms of reference and reports factual findings. We prepare ISRS 4400 (Revised) reports for grants funded by the EU, GIZ, UN agencies, embassies and international foundations.
- Procedures agreed with you and the donor
- Testing of expenditure, procurement, payroll and cash
- Reconciliation of the financial report to the ledger
- Report of factual findings in English and Ukrainian
- Support with follow-up questions from the donor
NGOs and local partners whose donor requires an AUP report
Typical triggers: project completion, final payment request, donor spot check or partner assessment.
ISRS 4400 (Revised), effective from 2022
No opinion is expressed: the report lists the procedures performed and the findings, which is exactly what donors need for their own review.
AUP is narrower, faster and cheaper than an ISA 800 audit
If the donor’s terms of reference say «audit», we recommend ISA 800 / 805; if they list procedures, ISRS 4400 is the right format.
Four steps, no surprises at the end
We review the grant agreement and the donor’s audit terms of reference, then send a proposal and a work plan.
Document list in the donor’s format. Secure file exchange, remote work across Ukraine.
Questions as we go, not at the end. You have time to find missing documents.
Report in English and Ukrainian. We answer the donor’s and reviewers’ queries after submission.
Most common questions
What is the difference between ISRS 4400 and an audit?
In an audit the auditor gives an opinion on the financial statements as a whole. In an AUP engagement the auditor performs specific procedures agreed with the donor (for example, checks 40 sampled transactions) and reports the results without an opinion.
Who defines the procedures?
Usually the donor: the terms of reference annexed to the grant agreement. If there is no template, we propose a standard set of procedures based on the budget lines and agree it with you and the donor before fieldwork.
Can the report be in English only?
Yes. Most donors need English. On request we also issue a Ukrainian version for the organisation’s board or Ukrainian regulators.
What documents do you need?
Grant agreement and budget, financial reports submitted to the donor, general ledger extract for the project, bank statements, invoices and contracts for sampled items, payroll records and timesheets. We send a checklist after signing the engagement letter.
Get a proposal
Describe the project, donor and deadline. We reply within 1 business day.