{"id":3775,"date":"2026-08-14T09:58:32","date_gmt":"2026-08-14T07:58:32","guid":{"rendered":"https:\/\/audit-mk.com.ua\/?p=3775"},"modified":"2026-08-16T10:50:06","modified_gmt":"2026-08-16T08:50:06","slug":"%d0%b7%d0%b2%d1%96%d1%82-%d0%bf%d1%80%d0%be-%d1%83%d0%b7%d0%b3%d0%be%d0%b4%d0%b6%d0%b5%d0%bd%d1%96-%d0%bf%d1%80%d0%be%d1%86%d0%b5%d0%b4%d1%83%d1%80%d0%b8-isrs-4400-%d0%bd%d0%b0%d0%b2%d1%96%d1%89","status":"publish","type":"post","link":"https:\/\/audit-mk.com.ua\/en\/%d0%b7%d0%b2%d1%96%d1%82-%d0%bf%d1%80%d0%be-%d1%83%d0%b7%d0%b3%d0%be%d0%b4%d0%b6%d0%b5%d0%bd%d1%96-%d0%bf%d1%80%d0%be%d1%86%d0%b5%d0%b4%d1%83%d1%80%d0%b8-isrs-4400-%d0%bd%d0%b0%d0%b2%d1%96%d1%89\/","title":{"rendered":"(\u0420\u0443\u0441\u0441\u043a\u0438\u0439) \u041e\u0442\u0447\u0451\u0442 \u043e \u0441\u043e\u0433\u043b\u0430\u0441\u043e\u0432\u0430\u043d\u043d\u044b\u0445 \u043f\u0440\u043e\u0446\u0435\u0434\u0443\u0440\u0430\u0445 (ISRS 4400): \u0437\u0430\u0447\u0435\u043c \u0435\u0433\u043e \u0442\u0440\u0435\u0431\u0443\u044e\u0442 \u0434\u043e\u043d\u043e\u0440\u044b"},"content":{"rendered":"

<\/p>\n

What are agreed-upon procedures<\/h2>\n
Agreed-Upon Procedures (ISRS 4400) is an engagement format in which the auditor performs a specific list of actions agreed with the donor and documents the factual findings<\/strong> without expressing an audit opinion. In plain terms: the donor specifies exactly what to check, and the auditor checks it and honestly describes what was found.<\/p>\n

How ISRS 4400 differs from a financial statement audit<\/h2>\n
\n
Audit (ISA 800\/805)<\/strong> \u2014 the auditor forms an opinion<\/em> on the reliability of the project’s financial statements.<\/li>\n
Agreed-upon procedures (ISRS 4400)<\/strong> \u2014 the auditor does not form an opinion<\/em>, but only performs the agreed procedures and reports the facts; the donor draws the conclusions.<\/li>\n<\/ul>\n
That is why an agreed-upon procedures report is often faster and cheaper than a full audit, and it is sufficient for most grant requirements.<\/p>\n
When a donor requires ISRS 4400 specifically<\/h2>\n
This format is the de facto standard for reporting on grants from international donors: UN agencies, the EU, European governmental donors and foundations. A grant agreement usually includes an annex (Terms of Reference) with the list of procedures the auditor must perform.<\/p>\n
What a factual-findings report contains<\/h2>\n
\n
the list of agreed-upon procedures the auditor performed;<\/li>\n
the factual findings for each procedure (what was checked and what was found);<\/li>\n
a description of deviations and exceptions, if any;<\/li>\n
where needed, annexes with a breakdown of expenditure by budget line.<\/li>\n<\/ul>\n
Who can perform agreed-upon procedures<\/h2>\n
An ISRS 4400 engagement is carried out by an independent auditor or audit firm entered in the Register of Auditors and Audit Entities. MK Audit prepares agreed-upon procedures reports for grants and donor projects<\/a> in Ukrainian and English \u2014 in the format the donor accepts.<\/p>\n
Frequently asked questions<\/h2>\n
Is ISRS 4400 an audit?<\/h3>\n
Formally it is not an audit: the auditor does not express an opinion, but only performs the agreed procedures and describes the factual findings. But for grants this format is usually exactly what the donor requires.<\/p>\n
Who defines the list of procedures?<\/h3>\n
The donor \u2014 in the grant agreement or a separate Terms of Reference. The auditor performs exactly those procedures.<\/p>\n
In what language is the report prepared?<\/h3>\n
In Ukrainian and\/or English \u2014 depending on the donor’s requirements. International donors usually accept a report in English.<\/p>\n
Need an agreed-upon procedures report for a donor? +38 (050) 671-55-67 or mkauditsend@gmail.com<\/a>.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
What are agreed-upon procedures Agreed-Upon Procedures (ISRS 4400) is an engagement format in which the auditor performs a specific list of actions agreed with the donor and documents the factual findings without expressing an audit opinion. In plain terms: the donor specifies exactly what to check, and the auditor checks…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[14],"tags":[84,83,82,72,74,75,73],"class_list":["post-3775","post","type-post","status-publish","format-standard","hentry","category-news","tag-agreed-upon-procedures","tag-donor-reporting","tag-grant-audit","tag-isrs-4400","tag-74","tag-75","tag-73"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t

Is ISRS 4400 an audit?<\/h3>\nFormally it is not an audit: the auditor does not express an opinion, but only performs the agreed procedures and describes the factual findings. But for grants this format is usually exactly what the donor requires.<\/p>\n

Who defines the list of procedures?<\/h3>\nThe donor \u2014 in the grant agreement or a separate Terms of Reference. The auditor performs exactly those procedures.<\/p>\n

In what language is the report prepared?<\/h3>\nIn Ukrainian and\/or English \u2014 depending on the donor’s requirements. International donors usually accept a report in English.<\/p>\n

Is ISRS 4400 an audit?<\/h3>\n
Formally it is not an audit: the auditor does not express an opinion, but only performs the agreed procedures and describes the factual findings. But for grants this format is usually exactly what the donor requires.<\/p>\n

Who defines the list of procedures?<\/h3>\n
The donor \u2014 in the grant agreement or a separate Terms of Reference. The auditor performs exactly those procedures.<\/p>\n