Companies Subject to Statutory Audit
Businesses required to obtain an independent audit under current legislation or sector-specific regulations.
Our Services
Independent Audit
We provide independent audit services in accordance with the Turkish Auditing Standards (TDS) and International Standards on Auditing (ISA) to enhance the accuracy, transparency, and reliability of financial statements.
AKAT Audit is authorized by the Public Oversight, Accounting and Auditing Standards Authority (KGK), under registration number BDK/2019/330, to provide audit services in Turkey, excluding public interest entities (KAYİK). KGK register of audit firms
Our audits cover financial statements prepared in compliance with:
Turkish Financial Reporting Standards (TFRS)
International Financial Reporting Standards (IFRS)
Financial Reporting Standard for Large and Medium-Sized Enterprises (BOBİ FRS)
Tax Procedure Law (VUK)
Our Independent Audit Services:
Independent Audit of Financial Statements:
Audit of financial statements prepared in accordance with TFRS and IFRS
Audit of financial statements prepared under BOBİ FRS
Audit of financial statements prepared under the Tax Procedure Law (VUK)
Audit of consolidated financial statements
Special Purpose Audits:
Independent audits in compliance with specific reporting standards
Evaluation and reporting of internal control systems
Financial due diligence for mergers and acquisitions
Special audits for lenders and investors
With our independent audit services, we help your business enhance financial transparency and ensure full regulatory compliance.
Who Needs an Independent Audit?
The appropriate scope depends on the regulations, reporting obligations and stakeholder expectations applicable to each business.
Groups and Consolidated Reporting
Companies preparing consolidated reports or meeting parent-company reporting requirements.
Financing and Investment Processes
Businesses seeking independent financial reporting assurance for lenders, investors or shareholders.
Voluntary Audits
Companies choosing an independent audit to support financial reporting quality and stakeholder confidence.
Our Independent Audit Process
The scope and procedures are tailored to the company’s structure, risks and reporting requirements.
- 1
Scoping and Preparation
We clarify the corporate structure, reporting period, applicable framework, group structure and proposed timetable.
- 2
Planning and Risk Assessment
We obtain an understanding of the business and internal controls, assess risks of material misstatement and prepare the audit plan.
- 3
Audit Procedures
Appropriate procedures are performed on accounting records, documents, balances and financial statement disclosures.
- 4
Evaluation and Communication
Findings are discussed with management, and relevant adjustments and disclosures are evaluated.
- 5
Reporting
The independent auditor’s opinion is reported based on the audit evidence obtained.
Independent Audit — Frequently Asked Questions
What is an independent audit?
An independent audit is an engagement in which an auditor provides a reasonable-assurance opinion on whether financial statements are prepared in accordance with the applicable financial reporting framework.
How do I know whether my company requires an audit?
The requirement depends on the company type, current statutory criteria and any sector-specific rules. Because regulations may change, each company should be assessed against the current requirements.
Which financial statements can be audited?
Individual and consolidated financial statements prepared under TFRS, IFRS, BOBİ FRS, VUK or a special-purpose framework specified in the engagement can be audited.
How long does an independent audit take?
Timing depends on company size, transaction volume, group structure, record readiness and engagement scope. A timetable is agreed after the initial assessment.
Is AKAT Audit authorized by KGK?
Yes. AKAT Audit is authorized by KGK under registration number BDK/2019/330 to provide audit services in Turkey. The authorization excludes audits of public interest entities (KAYİK).
Does an audit guarantee that every error will be found?
No. An audit provides reasonable, rather than absolute, assurance. It is based on assessing risks of material misstatement and obtaining sufficient appropriate audit evidence.
Compliance Audit
Verification that organizational activities comply with relevant laws, regulations, and standards governing financial reporting.
Regulatory compliance assessment
Policy and procedure review
Gap analysis
Remediation recommendations
Inflation Accounting
Due to high inflation in Turkey, businesses must adjust their financial statements in accordance with inflation accounting practices
Consultancy on inflation adjustment applications
Inflation accounting practices in accordance with TFRS and BOBİ FRS
Inflation accounting reporting under the Tax Procedure Law (VUK)
Tax Consultancy
We offer comprehensive tax consultancy services to minimize your company's tax risks and ensure compliance with legal obligations in the most accurate way
Tax planning and structuring
Tax compliance processes and tax return preparation
Preparation for tax audits and reporting
Consultancy on compliance with international tax regulations
Why Choose Our Services?
We bring years of expertise and a commitment to excellence in every audit engagement.
Industry Expertise
Deep understanding of various industries and their specific audit requirements.
Quality Assurance
Rigorous quality control processes ensuring accurate and reliable results.
Comprehensive Approach
Thorough methodology covering all aspects of the audit process.