INDEPENDENT AUDIT SERVICES

 

The objective of an audit is to provide a reasonable basis for the expression of an opinion regarding your financial statements taken as a whole. An audit represents the highest level of assurance and includes an assessment of the risks that your business faces and the impact of those risks on your financial statements, an understanding of your controls, an assessment of control risk, testing your accounting records, and obtaining documentation for the assertions made in your financial statements.

 

Firms subject to Independent Audit are;

 

Interagency activities exclusively for Banks

• Brokerage houses
• Portfolio Management Corporations
• Investment Funds
• Pension Investment Funds
• Trust Company
• Housing Finance Funds
• Wealth Finance Funds
• Hypothec Finance Institutions
• Incorporated Companies Shares where traded on the Istanbul Stock Exchange Maket and/or in other organized  markets
• Publicly held partnerships or that will be held patnerships             
• Stock Exchange Institutions described by law (publicly-traded company) and operating activity as a Joint Stock Company, other organized  markets, barter and preservation corporations and,
• Other enterprises’ financial statements that independent auditing is considered necessary by the commission

-Composing A Special Purpose Independent Auditors’ Report

-Providing  credits from foreign Sources

-Energy Market Regulatory Authority (EMRA) Audit

1.      Electricity Market

2.      Natural Gas Market

3.      Petrol Market

4.      LPG Market

SWORN FINANCIAL ADVISORY SERVICES  

 

• Sworn Financial Advisory Certification Services
• Income and Corporate Tax Return and Financial Statements
• VAT refund and deduction transactions
• Investment Allowance and Application Transactions
• Closing Transactions of Investment Incentive Forms
• Inflation Adjustment Transactions
• Transactions relating to Capital Increase
• Corporate Tax Exception Ratification Transactions
• Determining capital recovery
• Determination of  Internal Sources that can be added to capital
• Special purpose Adjustment and Ratification Transactions
• Private Consumption Tax Refund and Deduction Transactions
• Activity Ratification Report
• Customs Decleration Ratification
• Cost and Exception Ratification Transactions of Associations, foundations etc.
• Determination Transactions relating to Loans
• Eligibility of Financial Statements and Revenue Determination
• Wealth Analysis
• Inventory Evaluation
• Medicine Prices Determination and Evaluation
• Radio and Television Shares Determination
• Analysis of lack of any connection with Social Security Institution

 

CONSULTANCY SERVICES  

 

-We give the below services on tax arguments;

• Joining the tax commissions about compromising
• Applying for the right to coplain and Correction
• Consultancy in tax inspections

-Tax Planning

-Daily Information About the Changes in the Financial Legislation and Its Results

-Consultancy about the Incentive Legislation

-Foreign Capital Legislation Consultancy

 

• Business Incorporations
• Establishment of Branch Office of a Foreing Company in Turkey
• Establishment of Liason Office and Operation Bases
• Company Reorganization (mergers and acquisations)

 

-Free Zones and Technological Development Zones Legislation Consultancy

 

• Establishment of corporation and branch office in free zones
• Analysis and Evaluation of operations in Free Zones and Technological Development Zones.

 

-Work and Social Security Law,

• Labour Law Applications according to Act of 4857
• Informing work place and insurees according to Labour Law and Social Security Institution Legislation
• Administrative fines and appeal facilities in Labour Law and Social Security Institution Legislation
• Application of Social Security Institution and Social Security Organization for Artisans and the Self-Employed
• Minimum Labor Calculations
• Analysis Reports that will be arranged according to Building Construction and bidding subjects

 

-Establishment and restructuring of Internal Audit and Accounting Organization. 

 

OTHER SERVICES  

 

Training and Seminars

 

• Improving of Accounting and Finance Units
• Seminars in connection with changing Legislation
• Immediate following from the Internet Site 
• IFRS, BASEL II Criterias and Topical Seminars

 

Human Resources

 

• Recruiting staff
• Providing Brand and Royalty Consultancy
• Periodic Labour Force Supply
• Performance Measuring and Rating
• Control and Overtime Work Systems Organization

 

Public Offering Support

 

• Providing fund with the way of public offering
• Ascertaining realistic and correct public offering price with the choice of correct stock broker
• Giving support to the companies after quatations in order to perform the obligation of Istanbul Stock Exchange (IMKB)  and Capital Markets Board (SPK)

 

Company Evaluation

 

• Searching and conceiving the company’s current and future requirements
• Finding the Synergy  in potential company takeovers
• Using the ways of reduced Cash Flow, similar company transfers or other methods
• Using a non-theoretical approach by understanding the markets’ and investors’ ideas
• Observing care in studies about legal cases for Capital Markets Board (SPK) or Turkish Privatization Administration (OIB) 

 

HOW WE SERVE OUR CLIENTS

 

Audits in Clients’ Office

 

According to the clients’ demands, additional audits are planned and performed.

 

Periodic Reporting

As a result of audits, our clients’ positions are reported monthly and annually. Clients are informed about the current position of the firm. Besides,  due diligence is performed optionally.

 

Free Insurance Auditing Within the Context of Sworn Financial Advisor Service

 

In essential cases, it is given support to our clients by our Insurance Counsellor.

 

End of Period Transactions

 

End of period transactions and closing entries are examined by our authorized staff and concluded.

 

Monthly Publications

 

Changes in legislation are transmitted through internet or handed over to our clients with our monthly publications according to clients demands

 

Seminars

 

Information and expert support is provided to our clients on changing and developing issues.

 

Trainings

 

So as to meet the increasing client demands, training and rotation of our audit team is provided continuously.

 

Privacy and Confidence

 

We firstly give services to our clients according to the basis of confidence. Any documents obtained by us is never shared with third parties. Besides, in accordance with the clients demands, a written agreement is signed on this issue.

 

Internet Services

 

Clients can read legislation and publications at our website  freely and save documents into their computers any moment. Besides, they can apply for a job and benefit from CV’s collecting on our website.

 

WHY US?

 

 Will you be able to harmonize BASEL II Criterias?

 

According to BASEL II Criterias that was applied in 2007 in G-10 Countries and will be applied in Turkey as of  2008, corporations will pay loan interest in the ratio of rating-grade  rated by Rating Institutions.

So, do you know how to raise this rating-grade?

 

New Turkish Commercial Code

 

According to New Turkish Commercial Code, What kind of  changes will be in your corporation?

What will the changes regarding corporation’s line of activity be? Will it be possible to found a Joint Stock Company owned by one person? Will it be able to work with  more than one Sworn Financial Advisor or Certified Public Accountant? What the advantages and innovations will be in New Turkish Commercial Code?

 

IFRS

 

Can you compose financial statement according to the IFRS?

When all corporations will have to compose their financial statements according to the IFRS?

What can be done at first to accord with IFRS?

 

Corporate Governance Principles

 

Have you ever heard Corporate Governance Principles?

Is it required to keep an Independent member for Board of Directors? What is Corporate Governance Index?