Manufacturing and Industry
Inventory valuation, cost accounting and incentive compliance for automotive suppliers, machinery, textile and chemical…
- Audited entities
- 48 organizations
- Sector team
- 12 experts
- Responsible partner
- Nilüfer Tezcan
Real Estate and Construction
Revenue recognition, investment property valuation and project costs for housing developers, contractors and REITs.
In real estate and construction, the most critical accounting issue is when and how much revenue to recognise on long-term projects. In land-share and pre-sale models, revenue recognition requires specific judgement under IFRS 15.
Audit focus
- Over-time revenue and percentage of completion (IFRS 15)
- Fair value in land-share construction contracts
- Fair value measurement of investment property (IAS 40)
- Customer advances, letters of guarantee and construction costs
- Delay penalties and warranty provisions
Our experience
We audit residential, commercial centre and mixed-use developers as well as listed real estate investment trusts.
Main audit risks
- Revenue recognition
- Fair value
- Project costs
Services we provide
- Independent audit
- Valuation review
- Due diligence
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Retail and Fast-Moving Consumer Goods
Stock counts, lease liabilities, loyalty programmes and returns provisions for store chains and FMCG distributors.
- Audited entities
- 26 organizations
- Sector team
- 7 experts
- Responsible partner
- Nilüfer Tezcan
Food and Agriculture
Biological assets, inventory valuation and agricultural grants at food producers, farms and exporters.
- Audited entities
- 21 organizations
- Sector team
- 5 experts
- Responsible partner
- Hakan Özgürel