• External Audit (ISA)
• Limited Review Engagements (ISRE 2400/2410)
• Agreed-Upon Procedures (ISRS 4400)
• Assurance on Non-Financial Information (ISAE 3000 Revised)
At HI-AUDIT, we apply the International Financial Reporting Standards (IFRS), the International Public Sector Accounting Standards (IPSAS), and operate in full alignment with the International Standard on Quality Management (ISQM 1).
All engagements are executed through an integrated digital audit platform that provides each client with a customized User Account, allowing them to track audit progress, share documents, and receive comments in real time—ensuring maximum transparency, efficiency, and confidentiality, in full compliance with Jordanian regulatory requirements.
External Audit
At HI-AUDIT, we believe external audit is not merely a process of verifying numbers—it is a strategic tool for enhancing trust and enabling informed decision-making.
We conduct audits in accordance with the International Standards on Auditing (ISA) and IFRS/IFRS for SMEs (and IPSAS when applicable), following a fully risk-based and independent approach.
Scope of Work
• Audit of standalone or consolidated financial statements for annual and interim periods
• Review of accounting policies and disclosures and assessing consistency across reporting periods
Methodology
• Understanding the entity, its environment, and internal controls
• Determining materiality and identifying high-risk areas
• Performing tests of controls and substantive procedures:
analytical procedures, documentation review, reconciliations, external confirmations, inventory observations
• Special focus on accounting estimates, revenue recognition, and going concern
• Using systematic sampling and collecting digitally traceable audit evidence
Deliverables
• Independent Auditor’s Report
• Management Letter highlighting actionable improvement opportunities
• Governance communication to Audit Committee/Board summarizing risks and key findings
• Summary of uncorrected misstatements (if any) and management representation letter
• Filing of financial statements with regulatory authorities (Income & Sales Tax Department, Companies Controller, Jordan Securities Commission)
Value Added & Working Approach
• A dedicated engagement manager, weekly communication plan, and detailed work schedule
• A “Closing Meeting” summarizing key results and outlining a corrective action plan with responsibilities and timelines
• Post-issuance support to respond to regulators and donors
Audit Journey at a Glance

1. Opening meeting & receiving the request list
2. Planning & risk assessment
3. Fieldwork (interim/final)
4. File closure & quality reviews
5. Issuance & regulatory submission

Limited Review (ISRE 2400/2410)
When is it suitable?
When a lower level of assurance than a full audit is required (semi-annual/quarterly reports, donor reporting).
Scope
Review of historical financial statements through inquiries and extended analytical procedures.
Methodology
Inquiries + ratio and trend analysis + limited tests where necessary.
Deliverables
A limited assurance report and a summary of actionable observations.

Agreed-Upon Procedures (AUP – ISRS 4400)
Nature of Engagement
A defined-scope assignment with no assurance opinion—we report only factual findings.
Common Examples
• Verification of grant utilization based on donor guidelines
• Reconciliation of receivables/payables and bank balances with external confirmations
• Inventory count and verification of asset existence/condition
• Testing compliance with contractual terms (spending caps, funding ratios, KPIs)
• VAT and withholding tax reviews on a limited-scope basis
Deliverables
A Factual Findings Report strictly aligned with the agreed procedures.

Compliance / Donor & Regulatory Audit
Scope
Verifying compliance with Jordanian laws (Income & Sales Tax, Companies Controller, JSC), donor guidelines, and governance/procurement policies.
Methodology
Compliance matrix linking requirements to procedures and evidence + documentation review + field inspections when needed.
Deliverables
• Detailed compliance report (Compliant / Observation / Non-Compliant)
• List of questioned costs (if applicable)
• Corrective action plan with timelines and responsibilities
Assurance Level
Reasonable or limited assurance, or AUP depending on donor/regulator requirements.

Assurance on Non-Financial Information & Sustainability (ISAE 3000 Revised)
Areas Covered
• ESG & governance indicators
• Project performance metrics
• Compliance controls
• Sustainability reporting
Methodology
Identify reporting framework → collect appropriate evidence (interviews, system testing, sample tracing) → assess consistency and reliability.
Deliverables
An assurance report (limited or reasonable) describing the scope, criteria, and results