Independent External Audit is conducted in order to report to the users of financial statements, including shareholders as to, whether the statements give a true and fair view. The audit report provides credibility to the shareholders, investors, state, customers, financial markets and the public in general. The report is prepared after detailed audit work is performed in accordance with the audit programme by competent and experienced auditors.<\/p>\n
Erdal & Co provides professional independent financial audits to corporations, companies, charities, foundations and other non-profit making organizations. The audits are carried out according to the international auditing standards and code of ethics.<\/p>\n<\/div>
The audits are carried out with a teamwork making use of technology wherever possible. The firm has relevant and reliable knowhow and human resources to perform services at the highest standard. Majority of the audit team possess authorised accountant \u2013 auditor certificates from the Ministry of Finance. Ethical standards are strictly followed.<\/p>\n
The teams are comprised of audit managers, senior and junior auditors. The audit teams are structured according to the risk, size and complexity of the clients\u2019 business and the technical knowledge and experience required.<\/p>\n
Erdal & Co audit methodology consists of, in terms of priority, Planning and Analytical Review, Fieldwork and Completion stages. The risks and materiality are determined in the planning stage for the preparation of the audit plan. The audit plan is reviewed and audit redirected if different risks or more are determined during the audit fieldwork.<\/p>\n
In the completion stage, after the review of the audit manager, the audit files are reviewed by the responsible partner and audit is completed following any outstanding matters raised are cleared. According to the audit results the \u2018Independent Audit Report\u2019 is prepared. In addition any errors, weaknesses and omissions identified during the audit, and their potential consequences are reported to the Board of Directors together with Erdal & Co\u2019s recommendations.<\/p>\n
The audits of companies regulated by their own laws and regulations such as banks, insurance companies, international banking and business units and other companies are performed by senior auditors with extensive relevant knowhow. In case of any non-compliance, the senior management is informed and immediate action is taken in order to resolve the issue.<\/p>\n
Erdal & Co has been continuing to provide auditing services to many multi branch and international corporations (including non-profit organizations, charities and foundations) since its establishment. The firm has also provided Expenditure Verification audits for EU Grants in North Cyprus.<\/p>\n<\/div><\/div><\/div><\/div><\/div>
Erdal & Co provides financial management, company acquisition, disposal, valuation, merger, liquidation, inheritance and restructuring consultancy services to Banks, companies and inidividuals with its extensive knowledge and experience. In recent years particularly the idea of \u2018corporatisation\u2019 has gained momentum locally due to increased competititon and growing companies. Erdal & Co has extensive knowledge and experience in the design, implementation and audit of Internal Control Systems.<\/p>\n
In addition the firm also provides services for Strategic Planning and budgeting. Erdal & Co also provides conulstancy for the preparation of financial statements in accordance with International Financial Reporting Standards (IFRS).<\/p>\n<\/div>
Private and public limited companies have to keep proper accounting records and prepare Balance Sheet and Profit and Loss Account that give true and fair view.<\/p>\n
Erdal & Co provides bookkeeping services to companies, charities and other non-profit making organizations. The accounts are kept according to Uniform Code of Accounts system and Tax Procedural Law applicable in North Cyprus.<\/p>\n
Bookkeeping service is provided by using appropriate accounting software. Every client is visited by our staff on a monthly basis. At these monthly visits VAT, PAYE, social security and provident fund returns are also prepared.<\/p>\n
In case of any tax conflicts with the Tax office, appropriate manager or partner assistance is provided to our clients in order to reach a solution.<\/p>\n<\/div>
Erdal; Co prepares tax computations and provides tax planning services to its clients in conformity with Corporation Tax, Income Tax, VAT and other tax laws. In addition, the firm provides consultancy services in case of any tax dispute.<\/p>\n
The tax service is provided by the experienced staff and partners. The amendments to tax laws are closely monitored and most up to date knowledge base is used in providing the tax service.<\/p>\n