IFRS 4400: Audit of Projects

Outline for Lecture on IFRS 4400: Audit of Projects

1. Introduction to IFRS 4400

• Definition of IFRS 4400
• Purpose and objectives of the standard

2. Scope and Applicability

• Who uses IFRS 4400?
• Types of engagements applicable to the standard
• Key components and distinctions from other audits (e.g., audits, reviews)

3. Engagement Process

• Key Steps:
  1. Agreement on procedures
  2. Importance of the engagement letter
  3. Execution of agreed-upon procedures
  4. Documentation requirements
  5. Reporting structure
  6. Key Considerations
• Understanding the client’s environment
• Importance of independence and objectivity
• Common pitfalls in executing agreed-upon procedures

5. Wrap-Up and Q&A

• Summary of key takeaways
• Open floor for participant questions