According to the legislation of Turkmenistan company branches, representatives, economic societies, joint ventures, joint-stock companies, banks and insurance companies must have annual statutory audit once year. It is an independent external examination of financial statements of an entity with the view of expressing independent auditor’s opinion as a result of such examination.
Upon big turnover and work load it is advisable to be carried out on quarterly basis. And, in the end you get more objective and more reliable information about your financial position which is important for potential investors and you have plenty of time to make necessary corrections before filing your annual financial statements and tax returns.
Is your business running 100% risk-free?
Optional audit service is matter of clients’ choice.
A smooth-running business is a strategic target for all companies. To ensure the quality of internal structures operation companies need well-established internal control system. If you feel business necessity of internal audit function or should you wish to hire auditors for special purposes our company offers outsourcing of such function which can be organized as one-time or regular service. We study and evaluate effectiveness of an organization’s internal controls processes, assess compliance with laws, regulations, policies and procedures, risk management, and governance. We identify crucial areas for improvement and implement strategies to assist you in achieving your company targets and thus make positive contribution to the successful operation of your business. Qualitive internal audit service gives you opportunity to reveal and correct errors and can save you on tax penalty and daily tax delay fines.
“KEPIL AUDIT MASLAHAT” possesses special bank audit license.
Our company have team of certified experts who specialize in bank audit as per IFRS. Well-equipped with banking experience, deep practical knowledge together with technical skills our experts offer you professional approach with special focus on understanding all aspects of a client’s business, including audit of areas such as:
– Settlement/transaction operations;
– Cash and cash operations;
– Bank securities;
– Foreign exchange operations;
– Tangible and intangible assets;
– Costs, income, profit formation and disposition;
– The consolidated statement of financial position;
– The consolidated statement of profit or loss and other comprehensive income;
– Bank taxation.
In today’s rapidly changing business world there is always necessity of independent and transparent valuations for business transactions to comply with regulatory and accounting standards. In the course of business challenges, you face today our expertise will be helpful in:
– Mergers and acquisitions;
– Business valuations;
– Business restructuring;
– Confirmation of statutory funds.