$1$

Interim$-$Project

Imagine you are an auditor of the company:

For your assignment, you need to:

Select a publicly traded company on Borsa Istanbul: Choose a company that is listed on Borsa Istanbul and is publicly traded.

Obtain the audited financial statements of the company: Gather the audited financial statements of the selected company. This includes the balance sheet, income statement, cash flow statement, and accompanying notes.

Research the company and its business environment: Gather information about the selected company, including its industry, market position, competitors, regulatory environment, and any other factors that may affect its operations and financial performance.

Identify audit risks: Determine the audit risks associated with the selected company. This involves assessing factors such as industry risks, financial risks, internal control weaknesses, and external factors that may impact the company's financial statements.

Establish materiality benchmark: Define materiality benchmark for the audit of the selected company. Materiality refers to the level at which errors or misstatements in the financial statements could influence the decisions of users of those financial statements.

Calculate materiality: Calculate materiality based on the established criteria. Materiality is often calculated as a percentage of a base amount, such as total assets, total revenues, or net income. $(*)$

Identify accounts to be audited: Determine which accounts and transactions need to be audited based on the calculated materiality and the assessed audit risks. Focus on accounts and areas that are most susceptible to misstatement or fraud.

You have for $5$ weeks for the Project

Work with your team!

Materiality $=MB**\%3$;$PM=$ Materiality$*0,75$; AMPT $=$ Materiality$*0,05$

KPMG

$2$

$2$

$3$