Project audit: donor-funded, grant and earmarked projects
Independent review of a project financed by a donor, a founder, a bank or the state: were the funds spent according to the budget and the agreement, are they supported by documents, were the targets met. Report in the format your donor requires: ISA 800, ISA 805, ISAE 3000 or ISRS 4400, in English and Ukrainian.
- Review of the agreement, budget and the donor’s terms of reference
- Testing of project expenditure, procurement, payroll, assets and cash
- Reconciliation of the project financial report to the ledger and bank
- Auditor’s report in the donor’s format, in two languages
- Management letter and answers to the donor’s queries after submission
Grant audit for donors
Expenditure review against the grant budget, report in the donor’s template. Details: grant audit.
ISA 800, ISA 805, ISAE 3000
Audit with an opinion or an assurance conclusion: which standard when.
ISRS 4400 report
The most common format at project completion: what is included.
HACT: spot checks and audits
For partners of UNDP, UNICEF, UNFPA, WFP: UN project audit.
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
How does a project audit differ from the annual audit of the organisation?
An annual audit confirms the organisation’s financial statements as a whole. A project audit covers only the funds and expenditure of a specific project against its budget and the agreement with the donor, in the format and under the standard the donor sets.
Which report format do we need?
It is written in the grant agreement or the donor’s terms of reference. Send us the document: within 1 business day we will tell you whether you need an audit (ISA 800 / 805), an assurance report (ISAE 3000) or agreed-upon procedures (ISRS 4400).
How long does a project audit take?
From 2 to 5 weeks after we receive the documents, depending on the budget, the number of transactions and partners. We ask questions as we go so you have time to find missing documents.
Do you work with projects outside Kyiv?
Yes. Fieldwork is done remotely through a secure file exchange across Ukraine, with an on-site visit only where the donor requires it.
Get a proposal
Describe the project, donor and deadline. We reply within 1 business day.