Click here to find out your status of being subject to independent audit.

https://dtsorgu.kgk.gov.tr

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.