The auditor will prepare the following reports:
- A report regarding the financial statements in comparison with the previous year.
- A report regarding evaluation of the information as included in the annual report of the board of directors regarding the company's or group of companies and conditions as to the consistency with the financial statements. In this report the auditor will express his/her opinion on the board of directors' examinations pertaining to the financial condition of the company or group of companies.
- A report regarding evaluation on the risk detection and risk management.
The following points are clearly specified in the main section of the audit report:
- The compliance of the bookkeeping method, the company's (and group of companies) financial statements with the provisions of law and of the articles of association with regard to the financial reporting,
- Whether or not the board of directors has provided the documents and explanations requested by the auditor during the audit engagement,
- Whether or not the financial statements and the books (a) were kept in accordance with the chart of accounts (b) reflect the company's assets, financial and profitability position based on the true and fair view principle in accordance with Turkish Accounting Standards.
Upon finalization, the auditor report is signed off by the auditor and submitted to the board of directors.
