Activity Audit
While an activity audit reveals whether a company is operating effectively in its overall activities, it also helps measure whether the company is successfully achieving its objectives. As a result of an activity audit, the business case is determined and recommendations are made to management.
Since an activity audit is not limited to accounting transactions alone but also encompasses other business functions, its scope is very broad. The scope of an activity audit may include an organization’s organizational structure, production methods, marketing policies, and information processing activities.
For companies:
- If there are doubts about whether business activities are being conducted effectively,
- If it is perceived that the marketing, production, and purchasing departments are not working in coordination and harmony,
- If it is believed that business activities need to be reviewed based on transaction cycles (sales, purchasing, etc.),
- If the current structure is to be evaluated and addressed by independent auditors,
an activity audit is necessary.
As a result of an activity audit, it aims to improve harmony and cooperation between departments, especially increasing profitability.
We can list the stages of activity audit as follows:
- The organization’s critical areas of activity are identified.
- The company’s operating budgets are obtained.
- The company’s business performance data and ratios are verified.
- The company’s operational processes are observed.
- The company’s operating budget and actual activities are examined, and the causes of deviations are identified.
- The company’s operating performance is compared with industry averages and previous years.
- A letter of recommendation is prepared for management regarding the most effective and efficient work.
Independent audit services:
Independent review of financial statements.
We closely follow legal regulations relating to accounting and auditing standards and apply current audit methodology generally accepted worldwide.
Preparing corporate reporting packages.
It includes preparing tables, charts and analyses containing various performance indicators to be presented to the senior management of the organization.
Fraud investigations.
Fraud auditing is the determination of whether employees of a company have intentionally engaged in deception in order to obtain illegal benefits for themselves.
Compliance audit.
As a result of the compliance audit, full compliance with internal directives and legal requirements was ensured.
Activity audit.
It reveals whether a company is generally effective in its activities, it also helps measure whether the company is successful in achieving its goals.
Productivity audit.
Auditing activities is not limited to accounting transactions alone but also includes other functions in the business, so its scope of application is very broad.
Internal audit.
Reviewing and implementing an internal control system is crucial for business success, as it ensures effective reporting to management and aligns with their vision.
Sales audit.
Review business volume, sales privileges linked to business volume, franchise rights, sales agencies, distribution agencies, shopping mall rental fees, etc. within the scope of contracts.
Other insurance services.
Many institutions and regulatory organizations today require limited assurance reports on financial and other issues identified by legislative regulations.
