Special Purpose Audit (Due Diligence) Service

1-Special Purpose Audit and Revision Services

Special purpose audit and revision services differ from general-purpose financial statement audits, as they focus on financial information prepared to meet the specific needs of particular users.

These engagements are performed in accordance with the scope and criteria requested by the report users, and comply with applicable legislation, contractual provisions, or financial reporting frameworks determined by regulatory authorities.

Scope of Services:

• Auditing the compliance of financial statements included in tax returns with generally accepted accounting principles (GAAP)
• Auditing adherence to financial reporting requirements established by relevant authorities to fulfill regulatory obligations
• Conducting compliance audits to ensure that obligations imposed by institutions providing incentives, support, or funding are met 

2- Due Diligence Services

Due diligence services involve a comprehensive review of a company’s financial and operational structure, conducted in line with applicable legislation, decisions of regulatory bodies, and internal policies. The goal is to not only assess legal compliance but also to evaluate the company’s current position, identify potential risks, and provide a holistic perspective.

As part of due diligence, the effectiveness of internal audit functions, company procedures, operational compliance, and the structure, operation, and coordination of corporate bodies are thoroughly analyzed.

Scope of Services:

• Identifying non-recurring revenue and expense items, performing normalization adjustments, and assessing sustainable operational profitability
• Analyzing working capital components, including inventories, trade receivables, doubtful accounts, long-term debt, and financial commitments
• Evaluating historical cash generation, short-term liquidity profiles, and free cash flow projections
• Reviewing the consistency, underlying assumptions, and sensitivity analyses of management-prepared financial projections
• Assessing the financial impact and contractual obligations of loans, bonds, leases, and supplier agreements
• Reviewing the consistency of applied accounting policies, identifying material misstatement risks, and detecting current or potential accounting non-compliance
• Identifying internal control weaknesses in financial reporting processes and recommending improvements
• Evaluating sector-specific financial risks and regulatory compliance impacts
• Analyzing tax returns and overall tax positions
• Identifying potential tax risks and prior period tax non-compliance
• Assessing the impact of tax obligations on financial statements
• Evaluating the financial effects of ongoing or potential tax audits and disputes
• Reviewing tax restructuring considerations in potential acquisitions
• Providing advisory services in the preparation of share purchase agreements and shareholder agreements