Auditing modern irrigation technologies according to the International Standard for Related Services 4400 Revised

proposed audit program

Abstract

                The research aims to propose a program to audit the project of using modern irrigation technologies according to the International Standard for Related Services (4400) (Revised) to tighten control over the project's work and achieve the audit objectives based on the developments in the regulatory environment and its variables. The research was based on two main hypotheses: (There is no specialized audit program that follows up on the work of the project of using modern irrigation technologies affiliated with the Ministry of Agriculture and relies on its procedures on the International Standard for Related Services (4400) (Revised). The adoption of the International Standard for Related Services (4400) (Revised) affects the process of auditing modern irrigation technologies). One of the most important conclusions reached by the researchers was the absence of an audit program approved by the Federal Financial Supervision Bureau that relies in its procedures on the International Standard for Related Services (4400) (Revised) to audit the project of using modern irrigation technologies. This reflects a lack of tools and procedures necessary for the external auditor to perform a comprehensive and reliable assessment based on the best international practices and thus leads to failure to detect potential weaknesses and problems in the early stages, which increases the risk of failure or waste of resources. The most important recommendations were the necessity of adopting the proposed audit program applied to the project of using modern irrigation technologies, prepared in accordance with the international standard for related services (4400) (Revised) by the external auditor (the Federal Financial Supervision Bureau), which reflects a comprehensive and reliable assessment to reveal weaknesses and potential risks in the early stages of the project’s work.