Bora Audit and Consultancy Services
Bora Denetim ve Danismanlik is an Istanbul based Audit and Consultancy firm, established in 2014.
Our experience in Turkish Private Sector helped us to better understand the needs and expectations of Companies. We are aware that every company has its own nature and they need a specific solution for their own needs. In other words, our team creates tailor make solutions, which are designed for the best interests of your company.
Our Vision: We would like to be recognized by our customers as a valuable, trustful business partner.
Our Mission: Delivering high quality, value added, tailor make Audit and Management Consultancy services and solutions to our clients.
Our Values: Integrity, Commitment, Team Work and Sustainability
Our team works with commitment and integrity to establish best of its breed and sustainable results.
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Detecting internal control risk areas.
Creating internal control and audit process structures.
Creating internal control reporting mechanism.
Realising internal control audit for a specific or all business process.
Creating internal control departments.
Increasing efficiency of existing internal control departments.
Working as an outsourced internal control and audit department.
Internal Control and Audit Services
Financial Audit and Consultancy Services
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Accounting and Financial Consultancy Services.
Establishment of obligatory accounting system in accordance with Turkish Accounting System and Tax Procedure Law (TFRS).
Establishment of obligatory accounting system in accordance with International Financial Reporting Standards (IFRS).
Representing company against government institutions.
Preparation and control of monthly/quarterly/ annual regulatory declarations; Condensed, Stamp, BA-BS, Foreign Direct Capital Declaration Forms, Temporary and Corporate Declarations.
Preparation and control of annual closing records, income statement, balance sheet.
Current account reconciliations.
Cost and expense controls.
Budget controls.
Financial and management reports.
Payroll services.
Establishment and follow-up of VAT refund statements.
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Business Activity Analysis Services.
Determination/ Analysis of company growth targets.
Determination/ Analysis of working capital need.
Preparation of daily, weekly, monthly and annual cash flow statements.
Inventory turnover analysis and optimization.
Review of customer and vendor contracts.
Decision making for strategic planning and capital allocation.
Review and arrangement of receivables.
Profit margin analysis.
Analysis of actual costs.
Determination of standard costs and standardization in sales prices.
Analysis and control of operational expenses.
Analysis and optimization of import / export costs.
Preparation of monthly annual budgets.
Analysis of Trial balance sheet, income statement and cash flow statements.
Control of budget and actual budget realizations. Analysing financial distortions.
Establishment of direct debit system for company’s dealer network
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Consultancy of Financial Situation Determination:
We are detecting, measuring and reporting, firms’ financial status for shareholders and/or investors.
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Corporate Restructuring and Debt Consultancy:
We are assisting you to develop healthy relations with credit institutions.
We are helping you for determination of appropriate financing resources by making financial analysis and financial modelling.
Debt financing, Procurement finance, Asset-based financing syndication, Islamic finance, Working capital loans, Non-cash loans, Leasing, Sell and lease back, Credit restructuring, Hedging.
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Company valuation services:
Market value, Book Value and Discounted Cash Flow techniques are internationally reputable valuation techniques. We are applying all three techniques for the trustful valuation results.
Fraud and Misuse Audit
Detecting and reporting risk areas.
Detecting and reporting of antifraud countermeasures.
Fraud Investigation: Detection and reporting of fraud instance/ fraudsters.
Establishment and management of internal fraud denounce mechanism.
Planning a roadmap after fraud instance detection.
Arranging job trainings for fraud and misuse abuse awareness.
Institutionalisation
Services
We create the most appropriate institutionalisation plan for your company.
We are supporting you for integration of fundamental values and objectives into your organization's culture and structure.
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Establishment of Code of conduct, mission and vision statements, company policies.
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Definition of company targets, strategic plans, Key Performance Indicators.
Business Process and Reengineering Solutions
Hosin Kanri methodology is the key method that we apply. We are creating small but incremental changes by not stopping an on going daily business activity.