Special Purpose Audits
Companies may request that their financial data and transactions be audited by experts for purposes beyond legal requirements. These requests can serve different purposes and help companies strengthen their financial soundness, transparency, and accountability. DKN provides a variety of special purpose audit services through our experienced and independent auditors.
Types
Special Audit for Minority Shareholders under Turkish Commercial Code (TCC): The TCC grants minority shareholders the right to have the company's financial position and transactions subjected to a special audit under certain conditions. This audit can help protect the rights and interests of minority shareholders in cases where they do not have a say in the company's management.
Financial Status and Performance Evaluation: Various stakeholders, such as investors, lenders, or potential buyers, may require an objective and comprehensive evaluation of a company's financial status and performance. A special purpose audit can provide a reliable and impartial basis for this evaluation.
Financial Status and Performance Evaluation of Projects: In public or private sector projects, funders or other stakeholders may want to regularly obtain information about the project's financial status and performance. A special purpose audit can help verify the accuracy and reliability of this information.
Revenue Audit: Today, some landlords, real estate investment trusts, shopping mall management companies, etc., determine the rent of the workplaces they lease based on turnover. In turnover-based leases, it is crucial to determine the accuracy of the declared turnover. The revenue audit service verifies whether the declared turnover is in line with the actual turnover and whether the rent is calculated correctly.
Benefits
Independent and Impartial Evaluation: DKN conducts all special purpose audits and revenue audits objectively and impartially through our experienced and independent auditors.
Reliable and Accurate Information: Through a meticulous review and analysis process, we provide accurate and reliable information to support companies' and stakeholders' decision-making processes.
Risk Identification and Prevention: Special purpose audits and revenue audits help identify potential risks and financial misconduct, contributing to protecting companies' financial soundness and reputation.
Transparency and Accountability: These audits create an environment of transparency and accountability regarding companies' financial statements and transactions, enhancing stakeholder confidence and trust.
DKN is a reliable and professional partner for your special purpose audit needs. With our experienced and independent auditors, we can help you achieve your goals by meticulously reviewing your company's financial data and transactions, providing accurate and impartial information, assisting in risk identification, and creating an environment of transparency and accountability.
Please note that the specific requirements and procedures for special purpose audits may vary depending on the jurisdiction and the specific business. It is always advisable to consult with experts in special purpose auditing and legal professionals to ensure compliance and effectiveness.