Service Overview

G.I.T.O International is a member of the Forum of Firms, a group of the largest Auditing networks in the world.

GİTO Teknik Denetim ve Gözetim şirketi offers partner-led audit and assurance services. During an audit, we aim to gain a real understanding of your business and the quality and effectiveness of your accounting and control systems. This means we can focus on the risks of material misstatements in the financial statements.

What is Audits

An audit is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain how far the financial statements as well as non-financial disclosures present a true and fair view of the concern. It also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditing has become such a ubiquitous phenomenon in the corporate and the public sector.

Stages of the audit process

01
Limited reviews
02
Agreed-upon procedures
03
Assurance on non-financial information, including sustainability reports

Stages of the audit process

The first stage

The auditor perceives and recognizes the proposals before them for examination, obtains evidence, evaluates the same, and formulates an opinion on the basis of his jurisdiction which is communicated through their audit report.As a result of an audit, stakeholders may effectively evaluate and improve the effectiveness of risk management, control, and the governance process over the subject matter.

The second stage

Any subject matter may be audited. Audits provide third party assurance to various stakeholders that the subject matter is free from material misstatement. The term is most frequently applied to audits of the financial information relating to a legal person. Other areas which are commonly audited include: secretarial & compliance audit, internal controls, quality management, project management, water management, and energy conservation.

The third stage

Quality audits are performed to verify conformance to standards through review of objective evidence. A system of quality audits may verify the effectiveness of a quality management system. This is part of certificates such as ISO 9001.
Quality audits are essential to verify the existence of objective evidence showing conformity to required processes, to assess how successfully processes have been implemented, and to judge the effectiveness of achieving any defined target levels. Quality audits are also necessary to provide evidence concerning reduction and elimination of problem areas, and they are a hands-on management tool for achieving continual improvement in an organization.