Service

Independent Audit

Independent audit is a trust-focused process that evaluates whether a business's financial statements comply with applicable accounting and financial reporting standards, within the framework of independent auditing standards.

Varies depending on the scope of the audit and the business's level of preparedness

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Builds confidence in your financial reports

Strengthens your corporate reputation with banks and investors

Enables early detection of potential errors and risks

Reinforces your regulatory compliance processes

Overview

Independent audit is the process of evaluating a business's financial statements for compliance with applicable accounting and financial reporting standards, carried out within the framework of independent auditing standards.

Our firm ensures that businesses subject to independent audit are fully prepared for the audit process, and coordinates the audit process in collaboration with independent audit firms authorized by the Public Oversight Authority (KGK).

Scope of Service

To this service what's included?

TFRS-Compliant Audit

Conducting independent audit processes in compliance with Turkish Financial Reporting Standards (TFRS) and related regulations

Financial Statement Evaluation

Evaluating the accuracy and reliability of financial statements

Records Review

Reviewing accounting records and financial processes within the framework of auditing standards

Internal Control Assessment

Assessing internal control processes and presenting improvement recommendations

Findings Reporting

Reporting the findings identified as a result of the audit

Regulatory Guidance

Informing businesses of regulatory changes and providing advisory support

Pre-Audit Preparation

Carrying out preparatory work prior to the independent audit

Document Preparation

Preparing the financial statements and documents required for the audit

Records Alignment

Bringing accounting records and financial reports into line with the audit process

Information and Document Coordination

Coordinating the information and documents requested during the audit process

Process Management

Managing communication and process flow between the independent audit firm and the business

Remediation Support

Providing advisory services to address deficiencies identified during the audit process

Who is it for?

Businesses meeting the criteria for mandatory independent audit
Companies seeking to strengthen financial credibility with banks and investors
Organizations looking to improve corporate governance and internal control processes
Businesses wanting to prepare for the audit process in a planned and thorough manner

Required Documents

1 Current financial statements (balance sheet and income statement)
2 Accounting records and statutory books
3 Trial balance and subsidiary ledger reports
4 Bank statements and reconciliation documents
5 Contracts, invoices and supporting documents
6 Internal control and process documentation

The list of documents may vary depending on the case; we clarify it specifically for you in the preliminary meeting.

How We Proceed

Step by step process

Consultation and Analysis

We assess your company's structure, audit obligation and current financial position, and jointly define the process plan.

1-3 days

Preparation

We prepare the required financial statements and documents, and align your accounting records with the audit process.

1-2 weeks

Execution

We coordinate with the independent audit firm authorized by the Public Oversight Authority (KGK), managing the requested information and documents.

Depends on the process

Delivery and Follow-up

We report the findings identified and provide advisory support to address any deficiencies.

Ongoing

Why Us?

With us the difference of working

Builds confidence in your financial reports.

Strengthens your corporate reputation with banks and investors.

Enables early detection of potential errors and risks.

Reinforces your regulatory compliance processes.

Supports sounder management decision-making.

Frequently Asked Questions

FAQ

Whether a business is subject to independent audit is determined by criteria set out in the relevant regulations, such as total assets, annual net sales revenue and number of employees. We can review your company's figures together to assess your obligation status.

No. Independent audit is a separate process that evaluates whether financial statements comply with applicable standards. Our firm provides pre-audit preparation, coordination and advisory support; the audit opinion itself is issued by independent audit firms authorized by the Public Oversight Authority (KGK).

The process is carried out within the framework of Turkish Financial Reporting Standards (TFRS) and independent auditing standards. We review your accounting records and financial reports together to ensure compliance with these standards.

We provide advisory services to address any deficiencies identified during the audit process. We support your business throughout the process and ensure that the necessary corrections are made in a timely manner.

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