Accessing accurate information is crucial when making business decisions, and managers now require assurance beyond what financial statement audits provide. KPMG Assurance Services aims to provide more value to our clients and stakeholders by increasing the reliability of data and information through reasonable or limited assurance audits.
Our goal is to improve the quality of information and its content to enable decision-makers to make more accurate decisions.
Historical financial information is an essential part of corporate reporting, but financial statements alone are insufficient to provide a complete picture of a company's value. Those reviewing corporate reports want to see not only how management plans to move the company forward, but also what opportunities and challenges have arisen from changes in the company's external environment. Integrated reporting allows companies to focus on strategy and the value they create by demonstrating how they use their capital and how much they will invest in the future. Some companies expand their reporting structure during the transition period to include more detailed explanations, but true value comes from fully implementing the Integrated Reporting Framework. At KPMG, we assist companies in various sectors in developing their Integrated Reporting processes.
Thanks to recent technological developments, the use of computer technologies in financial statement audits has led to the evolution of traditional auditing approaches. KPMG has taken the lead in this transformation process, successfully advancing the adaptation of technology in auditing to a higher level through its developed audit software and data analytics tools. Data analytics methods are used as an integral part of the audit to interpret larger volumes of data, detect control errors, fraud, and misconduct by analyzing data, and examine complex data from various sources in an integrated manner.
Businesses operating within a specific regulatory framework are increasingly facing more laws, regulations, and controls. Compliance with regulations is inevitable to enter certain markets, access funds, and establish good relationships with regulatory authorities." The absolute nature of compliance with regulations for our clients depends on their unique business circumstances, past industry-related regulations, and requirements. As KPMG Turkey, we offer services to create and implement a regulatory compliance program in coordination with senior management to generate value for our clients and provide assurance to their external stakeholders. In this service, in addition to our experienced audit specialists, KPMG experts from areas such as tax, mergers and acquisitions, restructuring, law, IT, or business process management also contribute to the efforts.
Investors are aware of the importance of both financial and non-financial key performance indicators (KPIs) in determining the value of a business. This is because the traditional financial reporting model no longer meets the needs of investors. The world is changing, and assurance services must adapt to this change.
The success of your company depends on both its financial and non-financial performance. While managing your company, you use key performance indicators (KPIs) to track important trends and industry benchmarks, but are these KPIs that your company, stakeholders, and most importantly, your investors rely on, complete and accurate?
As independent auditors, we have the expertise to deliver these value-added services. Just like in financial statement audits, we apply specific methodologies and professional standards in our assurance services. Additionally, as independent auditors, we approach the factors that add value to your company from an independent and objective perspective. Our experts, who have experience in different sectors and various areas, are ready to provide assurance across a broad range and offer practical insights based on their experience.
KPMG provides assurance services by examining the key performance indicators (KPIs) that are critical to both the management and activities of your company, as well as the decisions of investors, in all their dimensions.
As KPMG Türkiye, we can assist you in the following areas:
Implementation of Procedures of an Independent Audit Nature and Reporting of Concrete Findings under the International Relevant Services Standard (IRSS) 4400 'Agreed-Upon Procedures for Financial Information'.
At KPMG, with the knowledge and experience gained from numerous assurance engagements we have conducted, we are ready to provide services for the application of agreed-upon procedures.
Examples of such procedures include specific procedures for trade receivables, trade payables, purchases, and sales. The aim is to apply the procedures we have agreed upon with you and report the concrete findings.
