Alba Independent Audit and Consulting Inc.
Alba Independent Audit and Consultancy Inc. 2021 It started its operations in . Alba Independent Audit gave prioritizes customer satisfaction with its services and offers high quality service.
Founded by our Founding Partner and Chairman of the Board, Mr. CPA Kadir DEMİRBİLEK, the company operates in the field of independent auditing and consultancy. Alba Independent Audit and Consultancy Inc. was established in Istanbul by the coming together of Sworn-in Financial Advisors and Independent Accountants. Managers and responsible auditors who make up our team at least 20 years Has professional experience...
Alba Independent Audit and Consultancy Inc.
Click here to find out your status of being subject to independent audit.
Independent audit is the process of examining whether financial statements and other financial information are prepared in accordance with the valid financial reporting framework by auditors who are not affiliated with any institution other than the public or independent audit company, within the framework of auditing standards and professional judgment, and presenting the opinion reached in a report.
* Company Merger, Division and Share Change Consultancy
* Company, branch and liaison office establishment consultancy
* Consultancy on domestic and international tax legislation and practices
* Tax planning Consultancy within the framework of tax legislation
* Consultancy for tax audits and tax disputes
* Inflation Accounting
* Reporting According to IFRS and BOBİ FRS
* Financial Reporting Consultancy
* Internal Control System Consultancy
a) Professional skepticism; The independent auditor examines the validity of the evidence with an interrogative approach and evaluates whether the evidence is in conflict with the statements of the business management and other information and documents. b) Reasonable assurance; The independent audit is designed to provide reasonable assurance that the financial statements are free from material misstatement. Reasonable assurance is the collection of sufficient appropriate independent audit evidence to reach a conclusion that the financial statements as a whole are free of material misstatement in terms of quality and quantity.
Companies do not have annual routine independent audits only due to legal obligation. Companies may need independent auditing to obtain funding from abroad or domestically. Because lenders require independently audited financial statements of companies to grant loans. In order to make sound decisions in company mergers or acquisitions, the financial statements of the merged or acquired company are required to be independently audited. In public offerings, an independent audit of the financial statements of the company to be offered to the public is carried out. Except those; Special purpose audits may also be performed to provide partners, investors or managers with information about all, part or some accounts of the financial statements.
No. Those above the limits determined by the Council of Ministers are subject to inspection.
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Based on what factors is the annual independent audit carried out?
A chartered mFinancial Reporting Standards: An independent audit evaluates the entity's compliance with financial reporting standards. In order to present financial statements accurately and fairly, international financial reporting standards (IFRS) or local financial reporting standards (TFRS) must be complied with. There are many benefits of getting consultancy from Ali Müşaviri. Their knowledge of complex tax laws and financial regulations enables businesses to take full advantage of tax benefits. Additionally, their expertise in financial reporting and auditing increases the financial soundness and reliability of businesses. Certified financial advisors also provide personalized solutions to help their clients achieve their financial goals.
How Does the Annual Independent Audit Process Work?
The annual independent audit process is usually carried out at the end of the business's financial year and includes the following steps:
Why Independent Audit is Important for Businesses
Reliability and Reputation: The independent audit process provides an important outcome on the accuracy and reliability of the entity's financial statements. In addition, evaluation of the financial statements of the company by an independent observer increases the reputation of the company. This provides confidence in financial reporting to the company's stakeholders and other relevant parties and ensures that the company's financial decisions are based on accurate information.
