Independent Auditing Quality Control Policy

Türkmen Bağımsız Denetim ve Y.M.M. A.S. (Türkmen Independent Auditing and Chartered Accounting Inc.) (Türkmen) provides independent auditing and related professional services.

Türkmen provides consulting, auditing and attestation services within the required limitation of international accounting standards to its clients, with its service teams comprised with highly experienced professionals, specialized in different industries, which fulfill international standards.

Türkmen shall establish a system of quality control designed to provide it with reasonable assurance that the firm and its personnel comply with the Professional standards and regulatory and legal requirements and that reports issued by the firm or partners are appropriate in the circumstances.

The partners and the staff of Türkmen perform the work that complies with professional standarts and regulatory and legal requirements.

Türkmen as an independent audit company, have the responsibility of investigating administrative and financial practices and developing factual reports.

Türkmen accepts the underlying principle of auditing is the disclosure of administrative processes and financial practices in any organization. This exercise aims at building transparency and enhancing accountability of key officials and decision makers within the organization being audited. Positive findings of an independent audit can go a long way in building public trust in the organization, while negative findings can serve to catalyse change.

Türkmen accepts the real powers of auditing is in the fact that audit reports are made public.

The quality control policy elements of Türkmen Auditing Company include, independence, objectivity, integrity.

Our corporate procedure for the acceptance and continuance of client relationships and specific engagements, human resources, engagement performance and monitoring are as follows:

Independence

Türkmen is financially and budgetary independent in accomplishing its tasks.

Türkmen is financially and professionally independent; It takes appropriate actions regarding identified threats to independence.

Türkmen auditors exhibit the level of expertise needed, degree of autonomy and resistance to undue any kind of influence.

Türkmen accepts that, a client too must be independed, objective and integrative in the performance of professional service. This would include; a client must be candid and not knowingly misrepresent inquires which the external accountant requests.

Türkmen takes necessary and appropriate actions and relevant measures against the identified threats to independence.

Türkmen also better safeguarded against oversights or abuses by the agency being audited.

Türkmen personnell perform work that complies with professional standards and regulatory and legal requirements.

Objectivity

All members of the Türkmen auditors team understand the objectives of the work they perform.

Türkmen auditing provides standard professional service; Standard service implies objectivity; Türkmen personel concludes the similar cases with the similar conclusions, regardsless of individual, client, case or the place. The audit reports yields concise, open and clear with conclusions.

Integrity

Türkmen audit reports are integrative; That implies, the personnell is free of conflicts of interest and shall not knowingly misrepresent facts or subordinate his or her judgments to others.

Türkmen accepts that, the integrity of the client is vital for a concise reporting; If the client does not have information that would lead it to conclude that the client lacks integrity.