The necessary internal control environment was created within the Company for achieving strategic objectives, ensuring operational efficiency and productivity, assuring the credibility and accuracy of financial data, protecting customers’ personal information and Company assets, and ensuring compliance with laws, regulations, policies and procedures.
The Türk Telekom Internal Audit Unit was established to assess the effectiveness of risk management, internal control, legal compliance and governance processes at Türk Telekom and all Group companies, so as to provide an independent and unbiased assurance and consultancy service. In order to perform its activities in an independent and objective manner, the Internal Audit Unit reports directly to the Audit Committee, a component of the Board of Directors, in line with authority and responsibilities based on principles approved by the Board.
The audits evaluate the efficiency of current internal controls designed to eliminate the risks associated with various business processes, which may prevent the Company from attaining its strategic targets. The Unit analyzes the reasons and effects of the control issues identified during audits, receives information from the relevant departments on action plans to resolve the issues identified and monitors whether these actions are implemented on time. In addition to audit activities, the Unit also conducts inspections and investigations when required.
The Unit operates in line with International Internal Audit Standards. In this respect, as a result of the quality assessment work carried out by an independent organization in 2017, it was confirmed that Türk Telekom’s Internal Audit Unit carries out its activities in accordance with International Internal Audit Standards.
The Unit attaches importance to the Professional competence and development of its employees, encouraging them to obtain certificates of international validity. Accordingly, the majority of the Unit’s auditors hold internationally recognized certificates such as CIA (Certified Internal Auditor), CISA (Certified Information Systems Auditor), CFE (Certified Fraud Examiner) and SMMM (Independent Accountant and Financial Advisor). According to their respective areas of expertise, audit teams perform audits related to finance, operations, IT and compliance.