AUDIT AND ASSURANCE
INDEPENDENT AUDIT
“Independent audit service” is a process that impartially and independently evaluates a company’s financial statements and financial information. This service aims to ensure the accuracy and reliability of a company’s financial reports. Independent audit service is a critical process that aims to ensure that a company’s financial information is reported accurately, reliably, and transparently. This service contributes to increasing trust in financial markets and helps investors and other relevant parties access reliable information.
IFRS/TFRS REPORTING
IFRS (International Financial Reporting Standards) or TFRS (Turkish Financial Reporting Standards) are international or national standards that regulate companies’ financial reporting processes. These standards aim to ensure that financial information is reported accurately, comprehensively, and understandably. IFRS/TFRS reporting is a process that enhances financial transparency, reliability, and comparability by requiring companies to report their financial information in compliance with international or national standards. These standards help companies assess their financial performance accurately and fairly and provide reliable information to relevant parties.
REASONABLE ASSURANCE (ANNEX-4) AUDITS
“Reasonable Assurance (Annex-4) Audits” aim to ensure the compliance of institutions in the financial sector with information security and risk management. BDDK Reasonable Assurance (Annex-4) Audits are a type of audit that aims to ensure compliance in critical areas such as information security, risk management, and business continuity for banks. These audits help banks and companies effectively manage their technological infrastructure and information systems to maintain reliability and stability in the financial sector.
COMPLIANCE AUDIT
“Compliance audit” is a type of audit that assesses a company’s compliance with relevant legal regulations, standards, policies, or internal control procedures in its activities, transactions, or processes. These audits aim to determine whether the company’s current practices align with the requirements. These audits assist companies in managing risks, improving internal processes, and enhancing compliance levels by taking corrective measures when necessary.
INTERNAL CONTROL AUDIT
“Internal control audit” is a type of audit conducted to ensure that a company’s business processes, operations, and activities are carried out effectively, efficiently, and reliably. These audits aim to assess the effectiveness and adequacy of the internal control systems and mechanisms the company has in place. They contribute to the organization of operations, prevention of errors and fraud, and enhancement of the reliability of financial reporting.
FRAUD AND MISCONTUNC AUDITS
“Fraud and Misconduct Audits” are a type of audit aimed at identifying negative situations such as fraud, deceptive practices, and misuse by examining a company’s internal processes and activities. These audits are conducted to protect the company’s asset security, ensure operational integrity, maintain the accuracy of financial statements, and ensure compliance with ethical standards. It is a critical type of audit aimed at detecting fraud and misconduct within the company’s internal processes. These audits are essential efforts to safeguard asset security, maintain financial integrity, and ensure compliance with ethical standards.
CONTINUOUS AUDIT
“Sustainability and Continuity Audit” is an audit type aimed at assessing a company’s ability to operate in compliance with environmental, social, and economic factors and ensure business continuity. These audits are conducted with the purpose of securing a company’s long-term success, managing risks, and fulfilling social responsibilities. The audit identifies potential risks for a company’s sustainability, which may encompass environmental, social, and economic risks. It analyzes the impact of the company’s activities on the environment, society, and the economy. This impact analysis shapes the company’s sustainability strategies. These audits assist companies in managing their environmental and social impacts, ensuring business continuity, and strengthening sustainability strategies.