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NATURE OF THE ENGAGEMENT
Some non-tax government
authorities, having been
empowered by relevant
legislation, identify
certain sensitive
transactions and lay
down the submission of a
“SCPA(1)
certification report” as
a condition for the
conduct of these
transactions. For
example, (a) Radio and
TV Superior Council of
Turkey asks radio and TV
broadcasting companies
to submit such report in
relation with
advertisement revenues
and computation of
Council share of said
revenue, (b) Prime
Ministry Treasury
Undersecretary, as a
condition of his
approval of the
completion of an
investments which have
benefited from some kind
of state incentives,
asks for SCPA approval
of the exchange
gain/loss amounts and
interest amounts
included in the total
cost of the investment.
We examine such
sensitive transactions
of our clients in
accordance with the
standards developed by
relevant government
authority and a special
“SCPA certification
report” or “SCPA
approval document” is
submitted to our client.
On the other hand, some
private institutions
also need the services
of SCPA. For example,
establishment articles
of some non-government
organizations
(associations or
foundations) include
clauses requiring
examination of the
accounts by a SCPA.
Accounts of our such
clients are examined in
accordance with relevant
standards and a “SCPA
examination report” is
submitted to our client.
Footnotes:
(1) SCPA: Sworn-in
Certified Public
Accountant
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