Innovating the Auditto make a difference

October 2017

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The audit environment is at a critical inflection point, where increasingly

complex business models, greater expectations on quality, and the

exponential pace of technological change are making it more challenging

to remain competitive. In response, Deloitte is taking bold steps with a

forward thinking mindset to transform the audit.

Renovated methodology and innovative technology solutions adds

value to our audit work and develops not only the companies but also the

individuals. We lead the world to the future of audit.

Our audit approach is an innovative, technological and business-oriented

audit approach which covers the whole year. Our approach requires us

to understand the business of our clients in a comprehensive manner. As

part of the audit process our primary goal is to offer high-quality and risk-

based audit services to our clients.

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InnovationPeople

Quality

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Coordination with audit innovation and delivery center

Real-time data analysis

Intelligent risk assessment methodology

Industry-based risk assessment and benchmarking

Systematic risk based approach

Clear and transparent audit strategy

Integrated audit technology

Distinctive audit approach

A new perspective

Our audit approach

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Seeing the big picture

Asking the right questions

Efficient use of client's time

Real-time insight sharing

Advanced content and detailed analysis

Trend analysis and detection of outliers

Examining full population rather than sampling

Value-added findings

Fast and comparative data analysisEarly

analysis

Distinctive contributions

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Insightful Audit Quality

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Keeping the quality forefront, Deloitte audit approach requires primarily the identification of issues with higher risk and direct the effort to such areas. With the advanced technology tools we use, we maintain the audit quality at the highest level and we are able to identify these risks in a very short time with value added findings.

Pusula

Spotlight

Argus

EMS

Process X-Ray

ACTT

Process Flow

Scribe

Reveal

Iconfirm

Icount

DeloitteConnect

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With PUSULA, genuinely developed by Deloitte Turkey, we are able to integrate the Companies’ e-book data to our audit approach and analyze the full year data via its interactive interface and compare sectors, in order to focus our effort to the risky areas very quickly.

Gathering all subledger data in a single platform quickly and real time insight sharing to our clients.

Quickly determining the findings which will add value to Company management and executing a more efficient audit.

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Auditing full population through digital data and avoiding multiple data requests.

By using e-book, gathering quality and fast data from clients, analyzing and comparing the data based on the specified periods and evaluating the data consistency by making cross checks.

Analyzing e-book data through our technical infrastructure with data privacy security certificate.

PusulaDeloitte

With PUSULA, we maintain our audit quality level at the highest level and also we utilize the time more effectively not only for our auditors but also for our clients.

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Faster detection of outliers from visuals and asking the right questions

Interactive filtering and analysis report templates.

Minimizing the time spend by client personnel and utilize their time at value added areas.

Analyzing industry information and dynamics through quantitative methods.

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PusulaDeloitte

Capability of performing analyses in all mobile devices interactively and real time insight sharing with our clients.

Easy access to prior year performances of companies and benchmarking with ratios of similar companies.

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Capability to analyze all financial items of companies:

• Cash and Cash Equivalents

• Investments

• Trade Receivables

• Inventories

• Tangible Assets

• Intangible Assets

• Trade Payables

• Accruals

• Financial Debt

• Tax Liabilities

• Equity

• Sales

• Cost of Sales

• General Administrative Expenses

• Marketing Expenses

• Financial Incomes/Expenses

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PusulaDeloitte

Analysis results can be reported quickly in various formats such as Excel, Word, PDF with a single press of a button.

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Spotlight

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By using high technology data analytics platform developed by Deloitte Global, we are able to obtain companies’ data easily and by interactively analyzing them, we are able to reveal outliers quickly.

We are able to easily overcome the issues such as obtaining and preparing the data, which are the most time consuming processes of data analytics solutions, by using a scripting tool named «extractor» and works directly through ERP systems.

By using data obtained from companies, we see the big picture and we are able to determine our focus areas more accurately.

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Deloitte wins ‘Audit Innovation of the Year’ award at 2015 International Accounting Bulletin awards.

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ARGUS is learning application with Artificial Intelligence which helps us analyze agreement- type documents more efficiently.

Quickly identify, highlight and export key terms.

Advanced machine learning techniques and natural language processing allows Argus to continuously train itself based on extractions and edits made by auditors while reviewing documents. Using this knowledge, Argus will automatically identify and extract key terms. This information can then be directly exported into workpaper-ready Excel and Word templates with just a click.

Effortlessly compare documents.

Compare key terms across multiple documents or against a base template to identify key additions, deletions, and modifications.

Work without limitations.

Upload and convert virtually any document format including images, scanned documents, and faxes into readable PDFs with just a click.

Argus

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New audit platform with industry risk database in order to coordinate the audit work centrally.

Intelligent risk assessment

Risk settings enable teams to tailor to specific scenarios, taking into account risk levels, controls reliance and substantive testing.

Consistency checks

Magnia (EMS) includes built-in consistency checks, helping teams determine the right audit approach.

Customized audit

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EMS

Global audit context and applications

Remote and immediate

access feature

Effective audit management

Rich and flexible applications

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Using the Deloitte Data Transformation Platform and corresponding extractors we are able to extract data from the companies’ ERP systems.

We provide the results obtained during the audit work to our clients.

Results in audit responses that are tailored based on those risk assessments and support providing actionable deep insights to management and those charged with governance.

Process X-Ray

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Deloitte Connect is a secure, online collaboration site that facilitates a two-way dialogue between the Deloitte team and client team to effectively manage engagement coordination. With drill-down status dashboards and system generated email alerts, Deloitte Connect streamlines information requests and provides greater visibility to status providing a transparent, informative and seamless experience.

Deloitte Connect

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ACTT

ACTT is a very powerful data-analysis application for identifying potential Configurable Control weaknesses and Segregation of Duty violations within our Companies’ system environments.

In light of the results obtained from ACTT, we can identify and focus on the highlighted exceptions and perform control testing.

We can share highly navigable and customizable reports with our clients.

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Company’s process workflows can be prepared easily and immediately via an interactive interface wich also contributes to determination of risky areas and control deficiencies.

Process Flow

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With the mobile application developed by Deloitte Global, we perform inventory counts more effectively and quickly. We are able to follow count results centrally on mobile devices and share them with the company management simultaneously.

Icount

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Scribe

Deloitte Scribe is a web-based  application that expedites the  drafting, comparison, and review of  standard audit letters. Deloitte Scribe saves time for preparers and  reviewers and enhances quality  through process automation and  template standardization.

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Reveal

Utilize regression analysis through various testing applications Save, export and share results

from a secure online platform

Cloud - based

Modernized look and feel

Reveal, applying predictive analytics to substantive analytical procedures, uncovering trends and audit insights to fuel your audit

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Iconfirm

Iconfirm is a secure, web-based application that automates and streamlines the confirmations process and coordinates multiple stakeholders on a centralized platform to enhance audit quality and increase efficiencies. Iconfirm provides a differentiated experience for our professionals and clients through: automated population of confirmation request letters and request emails, maintenance and organization of confirmation responses, real-time status tracking dashboards, and collaboration among stakeholders via a secure online portal.

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Interactive communication

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We determine digital solutions for leading brands of the world byblending our unlimited creativity with trustworthy management andour experience on technology in Deloitte Technology Centerslocated in different locations around the world, and we offer more applicable and distinctive services.

Deloitte Online

Deloitte App Center

Deloitte Turkey Connect

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Deloitte Online

We gather the data flow between company and audit team under one portal andprevent duplicate data requests.

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Deloitte App Center

We are able to use all Analytics solutions developed by Deloitte throughout the world by downloading from a platform similar to «App-Store» and offer to your use.

We create private data sharing platforms specially tailored for each company.

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Deloitte Turkey Connect

Additionally, you are going to be able to create your own library and by saving publications you would like to follow, you are able to reach that content easily any time you need.

With Deloitte Turkey Connect; accessing to the most updated news, publications issued by local and global idea leaderships, researches and videos comprising the agenda of business world, became easier and faster.

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Disruptive ideas to make a difference

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This is just the beginning of audit innovation!

We created an innovation based working culture.

We make a difference in audit!

Our vision for innovation aiming continually improvement

We are aware of the fact that we must be in seeking for innovation to make difference in Audit. We as a Deloitte, by taking radical and proactive step, we are aiming to have turned the transformation into opportunity. Therefore, we are utterly restructuring the description of Audit through «Bay Street Labs» which was founded within Deloitte Global and come to existence over hands of engineers and innovation experts, in order to make more radical improvements taking us to new era, more rapidly and with a different perspective.

We are developing and growing together with innovation and technology.

Audit Impact Center (AIC) started with the aim of rendering more productive and more qualified services and develop a point of view via integrating audit with the innovation and technology achieves missions which make a difference with the innovative and analytical tools. AIC will continue its operations with its incremental range of services with its young and dynamic team adhered to the motto of 'Make an impact that matters'

New ideas, different perspectives, and a working culture that aims continous improvement.

We believe, innovation doesn’t mean technology only. We are giving opportunity to our talents to share and to implement their brilliant ideas though the innovation initiative that we formed as Deloitte Global and Turkey. As part of our innovative culture, in addition to «brainstorming» sessions hosted periodically, we believe that our «I have an idea» campaign enables our employees to share their innovative perspectives.

AIC AUDITIMPACTCENTER

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Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about for a more detailed description of DTTL and its member firms. Deloitte provides audit, consulting, financial advisory, risk management, tax and related services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte’s more than 225,000 professionals are committed to making an impact that matters. Deloitte serves 4 out of 5 Fortune Global 500® companies. This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively, the “Deloitte Network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person who relies on this communication. © 2017. For information, contact Deloitte Turkey, Member of Deloitte Touche Tohmatsu Limited.

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