Turn-Over Audit

What is Turnover Audit?

Almost every month a new shopping mall comes into service in Turkey. In other words the traditional shopping concept has been changed. A 30-35 % increase in the number of daily visitors to shopping malls has been recorded, thus leading brands and companies are in big competition for places in malls in metropolitan cities Because of the developments occurred in the sector;   especially the relationship between lessee and landlords has gained a different dimension.  First of all, the old type of rental contracts began to leave its place to turnover based rental concept.  

AS/Nexia Turkey aims to audit the accuracy of turnover details provided by shops and companies, regulation of turnover related documentations, flow systems and book keeping and rent contracts based on these regulations so that the rental amount can be calculated.

At the end of audit process, the findings regarding turnover calculated by reviewing documents, information processing systems, declarations submitted to fiscal administration, are reported.

Why Turnover Audit?

The competive characteristic of the sector has made it compulsory for shopping mall administrations and lessees to create a transparent, reliable and objective environment.

The turnover audit practice:

  • Verifies the true rent amount under the agreed terms.
  • Causes the lessee to perceive that incorrect rental declarations will be determined at the end of the audit,
  • Creates monitoring the lessee whether they comply with the items set in the rental contract or not.
  • Provides a transparent communication environment between the mall administration and the shops.
  • Providing an accurate, correct and flawless feedback flow system

Who Should Benefit  from Turnover Audit Practice?

All firms dealing with turnover based rentals like Shopping Malls, companies operating with agents on commission-based producers selling licensed items through dealers, and companies giving franchises.

Please click here for online Turn-Over Audit booklet

 

Please check-out www.cirodenetimi.com for detailed information


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