Independent Audit of Financial Statements

We closely follow the legal regulations regarding accounting and auditing standards, we apply the current generally accepted audit methodology in the world. We ensure that financial statement users have access to reliable information by performing the risk assessment, risk response and reporting stages in the best way, and obtaining sufficient appropriate audit evidence and keeping the audit risk low.

The company needs independent audit if:

• it needs to submit independently audited financial statements and independent audit reports to various institutions and organizations,
• there is a need to submit the financial statements prepared in accordance with local legislation by being translated into international standards,
• it is concerned about the accuracy of the financial statements produced in its own body,
• it is considered that the financial statements produced in accordance with local legislation do not reflect the real situation,
• it is required to be managed with reliable financial data and to make decisions with the help of these data

The independent audit of financial tables and footnotes prepared pursuant to Turkish Auditing Standards (TDS), International Standards on Auditing (ISA) and generally accepted auditing standards are conducted by our expert and experienced independent audit team in accordance with professional ethical principles and current audit standards.

According to the Turkish Auditing Standards (TDS):

• Independent audit of the financial statements prepared in accordance with Turkish Accounting Standards (TAS) or Financial Reporting Standard for Large and Medium-Sized Enterprises (FRS for LMEs) of the companies subject to independent audit, including public interest entities, under Turkish Commercial Code (TCC) no 6102,
• Independent audit of the financial statements, prepared TAS, of companies subject to the regulations of the Capital Markets Board (CMB) (companies that have offered debt instruments and / or their shares to the public, companies deemed public and companies subject to other CMB regulations),
• Independent audit of the financial statements, prepared in accordance with TAS, of companies that will apply to the CMB to offer their debt instruments and/or their shares to the public,
• Independent audit of the financial statements, prepared in accordance with TAS, of companies with a credit risk of 100 million TL and above, to be submitted to banks in accordance with the regulations of the Banking Regulation and Supervision Agency (BRSA),
• Independent audit of the financial statements, prepared in accordance with TAS, of companies subject to the regulations of the Directorate General of Insurance,
• Independent audit of the financial statements, prepared in accordance with TAS, of companies subject to the regulations of the Energy Market Regulatory Authority (EMRA),

According to the International Standards on Auditing (ISA);

• Independent audit of financial statements prepared in accordance with International Financial Reporting Standards (IFRS),

According to generally accepted audit standards;

• Independent audit of financial statements prepared according to American Generally Accepted Accounting Principles (US GAAP),
• Independent audit of financial statements prepared according to Generally Accepted Accounting Practice in the UK (UK GAAP),
• Independent audit of financial statements prepared according to Generally Accepted Accounting Principles in Germany (German GAAP),

According to Turkish Auditing Standards (TDS) or International Standards on Auditing;

• Independent audit of consolidated and combined financial statements and footnotes prepared in accordance with the relevant legislation.

We aim to keep audit risk at the lowest level by using audit software at every stage of independent audit works. We identify critical audit issues and focus our audits on them. At the end of our independent audit works, besides the independent audit report, we submit an evaluation and recommendation report containing critical audit issues to senior management.

Bağımsız denetim çalışmalarının her aşamasında denetim yazılımları kullanarak, denetim riskini en alt düzeyde tutmayı hedefliyoruz. Kritik denetim konularını tespit ederek denetimlerimizi bunlar üzerinde yoğunlaştırıyoruz. Bağımsız denetim çalışmalarımızın sonunda, bağımsız denetim raporunun yanı sıra üst yönetime, kritik denetim konularını içeren tespit ve tavsiyeler raporu sunuyoruz.