Independent Audit
Independent Audit for Financial Reliability
Mitra, with its competent documents and expert staff, audits your company's financial information in accordance with international standards. We meet all your independent audit needs within the scope of regulatory authorities such as the Public Oversight Authority, the Capital Markets Law, the Energy Market Regulatory Authority, and we secure your business with the principle of accuracy and transparency.
What Are We Doing in an Independent Audit?
We produce the necessary solutions in discretionary and mandatory ‘Independent Audit’ processes, with the assurance of our authorization documents, working in full compliance with your company.
First of all, we evaluate your company’s financial data in terms of compliance and accuracy with the standards set by regulatory authorities. Then, by applying independent audit techniques, we determine your needs and obligations within the framework of international financial reporting standards.
Different legal regulations and accounting practices in each country make it difficult to compare financial statements at the international level. This situation has made it mandatory for accounting and audit operations to be performed on the basis of internationally recognized standards.
As Mitra, in our independent audit activities, we present the financial statements necessary for financial statement users (such as company management, shareholders, potential investors and banks) to make strategic, investment, operational and target-oriented decisions in an impartial, accurate manner and in accordance with international financial reporting standards.
- Independent audit within the scope of the Public Oversight Authority (POA) and the Turkish Commercial Code (TCC)
- Independent audit of publicly traded companies subject to the Capital Markets Law (CMB)
- Independent audit of companies subject to the Energy Market Regulatory Authority (EMRA)
- Independent audit of companies subject to the Banking Regulation and Supervision Agency (BRSA)
- Independent audit of insurance companies
- Independent audit of all other companies.
DOES YOUR COMPANY HAVE A PASSPORT?
Different legal regulations and different accounting practices in each country make it impossible to compare financial statements at the international level. This situation has made it mandatory for all accounting and auditing practices to be prepared on the basis of certain internationally recognized standards. In our independent audit activities, the financial statements required for strategic, investment, operational and targeted decision-making by financial statement users such as company management, company owners and third parties (potential investors and banks, private financial institutions) are presented in an impartial, accurate and international financial reporting standards format.
Compatible With All Standards
Our audit reports are prepared in full compliance with all national and international standards.
It Is Valid Worldwide
Our independent audit reports have global validity and are accepted worldwide.
In Every Language
According to the needs and country, we offer our independent audit reports in all necessary languages.
Scope of Independent Audit
- International Financial Reporting Standards (IFRS - UFRS)
- International Accounting Standards (IAS)
- Turkish Financial Reporting Standards identical to IFRS and IAS (TFRS)
- Turkish Accounting Standards (TAS)
- Turkish Audit Standards (TDS)
- UK Generally Accepted Accounting Standards (UK GAAP)
- United States Generally Accepted Accounting Standards (US GAAP)
- German Accounting Standards (GERMAN GAAP)
- Holland Accounting Standards (DUTCH GAAP)
- International Auditing Standards (ISA)
- Turkish Audit Standards compatible with ISAs
- Preparation, publication, consolidation and analysis of independent audit reports and financial statements in compliance with all these standards
- Evaluation, implementation and development of whether the above regulatory organization standards, interpretations and recommendations are compatible with the financial discipline of the company
The Services We Offer
- Planning of the work in coordination with the company management
- Testing of the company's accounting system and internal control mechanism
- Testing the materiality level of accounts
- Calculation of sample size
- Conducting a cross-examination of the sampled accounts
- Reconciliation of debt and receivable accounts and all bank accounts that have been sampled
- Reconciliation of tax and social security obligations
- Associating the sampled records with the documents
- Recalculation of the required data
- Recalculation of the tax base and tax provisions
- Conducting accuracy tests of account balances
- Examination of comparative balance sheet and income statements
- Accompanying the November inventory and cash register counts at the beginning or end of the accounting period
- Performing other mandatory external audit activities
- Reporting of audit activities with an Independent Audit Report
Secure Your Business!
Meet Mitra’s expert team and take your business one step further. Manage your risks, accelerate your growth and secure your future with our professional consulting services. Contact us now and find out how we can help!
