The gap this closes
Turkish statutory accounts are prepared under Turkish rules. Your group consolidates under something else. Somebody has to bridge the two, and the bridge has to arrive before your group's reporting deadline, not after.
In most Turkish subsidiaries that bridge is a spreadsheet maintained by one person, rebuilt monthly, understood by nobody else and impossible to audit. We replace it with a mapping built into the ledger, so the conversion is a process rather than a heroic effort.
What we prepare
- Monthly, quarterly and annual reporting packages in accordance with IFRS, US-GAAP or your own group accounting principles
- Conversion schedules from the Turkish statutory ledger to the group basis, with each adjustment documented
- Reporting in your group's format, in your presentation currency, on your calendar
- Tax accounting — current and deferred tax integrated into the finance figures rather than added at year end
- Support to your group auditor, including the Turkish component audit request list
- Sector experience across defence, energy, construction, services and information technology
Why the tax accounting matters more than people expect
Deferred tax in a Turkish subsidiary is rarely trivial. Inflation-driven valuation differences, incentive-related reduced rates, carried-forward losses with expiry, exemptions that interact with the minimum corporate tax, and the timing differences created by Turkish depreciation rules all land in the same place.
When tax accounting is done as a year-end exercise by someone who did not prepare the statutory books, it produces audit adjustments. Done monthly by the team that keeps the ledger, it does not.
Founded on the practice this was built for
Baran Özongan set up and ran PwC's accounting services department in Ankara for five years before founding this practice, after more than five years at Mazars. Group reporting for the Turkish subsidiaries of international companies is not an add-on service here — it is the work the firm was built around.