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Duties and functions of a chartered accountant in Turkey
The tasks and competencies of a certified accountant in Turkey are multiple. It is known that a chartered accountant is one of the most important pillars of work within institutions, large companies, as well as with individuals and natural persons, which is evident through the following detail:
Duties of a chartered accountant in Turkey
Looking at the tasks and competencies of a certified accountant in Turkey, each of them can be detailed separately.
The functions of the chartered accountant as the person responsible for the accuracy and order of the company’s financial papers and documents, regardless of whether or not the accounting ledger is kept, the chartered accountant has all the powers and obligations of the financial advisor.
But the difference from any financial advisor is that CPAs, who are authorized to approve, have the following:
The authority to audit and certify on behalf of the state the correctness of financial records, declarations and tax returns of enterprises.
Ensures proper management of all financial systems and budgets of the organization.
The client is informed of all commercial transactions.
Examines company or organization systems and performs risk analysis.
Preparing all necessary financial reports, documents and papers.
Records project investments.
Express professional opinions about financial savings and business decisions.
Communicate with internal and external auditors and address any negatives that may occur.
Prepares financial statements and budgets for business reports.
Checks corporate accounts.
Evaluates risk analyzes after they have been examined and checks the feasibility of existing applications.
Investigation and periodic review of financial irregularities.
Examination and review of current and newly implemented financial systems.
Analyzes monthly and annual accounts.
Ensures follow-up and regular financial reporting.
Performs risk analysis and reviews of current practices.
Manages investment, credit, salaries and expenses.
Specialties of a chartered accountant in Turkey
Speaking about the tasks and competencies of a chartered accountant in Turkey, it falls within the competencies of a chartered accountant as follows:
Accurate consulting of the company.
The link between the customer or the company and the government.
Preparing a report based on incoming and outgoing data.
Submitting, estimating, and scheduling salaries, pensions or retirements, and compensation.
Providing the necessary legal advice, and following up on the company's taxes, dues, and debts.
Submit the tax statement starting from the beginning of the month, and even six days before the end of the month.
Indexing work invoices.
Follow up on everything related to value added tax.
The importance of a chartered accountant in Turkey
The tasks and competencies of a certified accountant in Turkey are considered in jobs related to the economy, and the profession, or the job of a chartered accountant is an important profession, whether in Turkey or any country in the world, and the importance of this profession is due to the following reasons:
Organizing business records.
Procedures of health insurance institutions.
Send reports and official statements.
Preparing official financial statements.
Regulating tax benefits.
Specifications that must be met by a certified accountant in Turkey
The certified accountant in Turkey must have the following specifications:
To be a person with an official and approved permit from the Turkish state to practice this activity carried out by the company to be its representative before the Turkish state in all its legal procedures and financial transactions.
He must be able to:
Carrying out a number of specific activities within the scope of accounting, and these tasks include auditing financial statements, submitting tax returns for companies, financial advisory...etc, in addition to registering them with the state.
Submitting official periodic financial statements and statements to the state, following up on the company’s tax eligibility, following up on work permits, and so on.
The difference between a management accountant and a chartered accountant in Turkey
The professions of management accountant and chartered accountant are complementary to each other, so some may be confused about differentiating between the tasks and responsibilities of a chartered accountant in Turkey, and the tasks of a financial accountant, so in the coming lines are the features of the difference between both.
Who is the financial advisor?
A financial advisor is a person who organizes and analyzes information relating to the accounts of real or legal persons and institutions, and provides control over the accounts of assets, debts and capital.
Financial advisors usually graduate from university departments such as economics, finance, business administration, and general administration, but the total time spent on education, training and exams takes an average of 8 years.
What does a management accountant do?
The main functions of financial advisors are:
Accounting, i.e. keeping the books of real or legal persons and institutions, organizing and analyzing their information, making capital and debt account entries, and preparing tax returns.
According to Article 2 of Law No. 3568, it is stipulated that a financial advisor can do business for institutions and companies belonging to real or legal persons.
Bookkeeping for preparing documents related to the balance sheet, profit and loss statement and returns as required by the accounting work and relevant legislation.
Establishing and developing the accounting system, arranging financial and financial legislation and related applications, providing advice on these issues and assisting in the field of business management.
In addition, giving written texts relating to examination, audit, arbitration, specialized financial statements, advertisements and the performance of similar business.
As for the tasks and competencies of a chartered accountant in Turkey, which distinguish between him and the financial accountant, they are:
First of all, in order for a person to become a chartered accountant, it is necessary to have worked as a self-employed public accountant for at least 10 years.
Certified public accountants can do all the work that financial advisors do to independent accountants, except for bookkeeping.
CPAs are prohibited from keeping your account
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