• Full Scope Independent Audit
• Review Engagement
• Agreed-upon Procedures
• Compilation
• Assurance Engagements Other Than Audits and Reviews

Cerebra has been founded under the Law No.3568 of Certified Public Accountancy and Sworn-in Certified Public Accountancy. Cerebra is a member of TURMOB (The Union of Chambers of Independent Accountant Financial Advisers and Sworn Financial Advisers of Turkey and TURMOB is a member of the International Federation of Accountants (IFAC) since 1994.

Full Scope Independent Audit

Our audit group provides assurance on the financial performance and operations of your business in accordance with "International Auditing Standards” as well as recommendations which will help your business improve its external financial reporting and adapt to new regulatory requirements introduced by New Turkish Commercial Code. Our audit approach that is tailored to suit the size and nature of your organization starts with a broad understanding of your business. We then consider the risks your company faces, the way management controls these risks and the degree of transparency in your company's reporting to stakeholders.In addition to providing the assurance on the financial statements, our experienced auditors will endeavor to identify problems, efficiency improvements and opportunities to add value to your organization. As a by-product of audit services we will provide you a comprehensive "Internal Control Report” where you will see our findings, related risks and recommendations.


Review Engagement

Cerebra provides assurance on the financial statements in accordance with "International Standards on Review Engagements 2400” issued by IAASB. A review engagement consists of applying analytical procedures and making inquiries of persons responsible for financial, accounting, and operational matters. A review does not typically include tests of the underlying accounting records, and is significantly less in scope that a full scope independent audit engagement. The objective of a review is to provide negative assurance on the financial statements and this fact is stated in the review report as follows: "Nothing came to our attention during our procedures that caused us to believe that the financial statements were not presented in accordance with generally accepted accounting principles”.

Agreed-upon Procedures Engagement

Cerebra provides agreed-upon procedures services in accordance with "Engagements to Perform Agreed-Upon Procedures Regarding Financial Information 4400” issued by IAASB. The objective of an agreed-upon procedures engagement is for the auditor to carry out procedures of an audit nature to which the auditor and the entity and any appropriate third parties have agreed and to report on factual findings.As the auditor we simply provide a report of the factual findings of agreed-upon procedures, no assurance is expressed. Instead, users of the report assess for themselves the procedures and findings reported by the auditor and draw their own conclusions from the auditor's work. The report is restricted to those parties that have agreed to the procedures to be performed since others, unaware of the reasons for the procedures, may misinterpret the results.

Compilation Engagement

Cerebra provides compilation services in accordance with "International Standard on Related Services 4410” issued by IAASB. The objective of a compilation engagement is for the accountant to use accounting expertise, as opposed to auditing expertise, to collect, classify and summarize financial information. The procedures employed are not designed and do not enable the accountant to express any assurance on the financial information.

When we compile financial statements, we will gain a general understanding of the nature of the entity's business transactions, the form of its accounting records, the stated qualifications of its accounting personnel, the accounting basis on which the financial statements are to be presented, and the form and content of the financial statements. On the basis of that understanding, we will then consider whether it will be necessary to perform other accounting services, such as assistance in adjusting the books or consultation on accounting matters.