Industries

Audit and advisory for Energy

Q: How can companies in Energy get a proposal?

Simply share your company and needs via the proposal form; our team, which knows your industry, will send our scope, timeline and fee proposal in writing. Phone: +90 212 951 02 47.

Licensed activities, regulatory assets (TFRS 20), major investments and sustainability.

Get a proposal +90 212 951 02 47

Financial reporting and audit in Energy companies

Energy activities such as electricity generation and distribution and natural gas are subject to licensing and tariff regulation. How amounts in the nature of receivables and payables arising from regulated prices are presented in the financial statements is governed by TFRS 20, a standard specific to Turkey.

Energy companies also deal with long-term, high-value investments, project finance, foreign-currency borrowing and sustainability reporting. ARSEN offers energy companies independent audit, sustainability assurance, valuation and financing advisory under one roof.

Audit focus areas in Energy companies

Regulatory assets and liabilities

Recognising and measuring under TFRS 20 the amounts arising from tariff mechanisms that will be collected or refunded in the future requires specialist expertise.

Major investments and impairment

Capitalisation of power plant and facility investments, borrowing costs and impairment tests sensitive to electricity prices are key items in the financial statements.

Financing and currency risk

Project finance, foreign-currency loans and financial covenants in loan agreements must be closely monitored and accurately reported.

Emissions and climate risk

Measuring Scope 1 and Scope 2 emissions, transition risks and reporting green finance instruments are priority topics in sustainability reporting.

Key standards and concepts in this industry

TFRS 20 (Regulatory assets and liabilities)The standard enabling entities with regulated tariffs to report timing differences between periods arising from the tariff mechanism as regulatory assets and liabilities.Property, plant and equipmentPhysical assets used in the production of goods and services, for rental or for administrative purposes, and expected to be used for more than one period.Impairment of assetsRecognising as a loss the excess of an asset's carrying amount over its recoverable amount.Scope 1, 2 and 3 emissionsThe classification of greenhouse gas emissions by source into direct emissions (Scope 1), indirect emissions from purchased energy (Scope 2) and other indirect emissions in the value chain (Scope 3).Climate-related risksThe potential effects on a company's financial position of physical risks arising from climate change and transition risks arising from the shift to a low-carbon economy.Turkish Sustainability Reporting Standards (TSRS)The standards issued by the POA on the basis of the ISSB standards for companies' reporting of sustainability-related financial information.Green financeInstruments such as green bonds, green loans and sustainability-linked loans used to finance projects with environmental benefits.

Our services for Energy

Audit and Assurance

Independent Audit

An independent auditor's opinion, to international standards, on the financial statements of companies subject to the Turkish Commercial Code, the CMB, the BRSA and the EMRA.

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TSRS and Sustainability Assurance

TSRS scoping, reporting readiness and independent assurance on your sustainability reports and greenhouse gas data; assurance on ESG and GRI reports too.

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Valuation

Valuation of businesses, shares and intangible assets; purchase price allocation (PPA) and impairment testing.

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Debt and Capital Advisory

For growth finance, refinancing and restructuring, we work with you to find the right source and the right structure.

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Integrated Reporting

Reporting support that brings your strategy, governance and performance together in a single value-creation story.

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Proposal request

Get a tailored proposal for the Energy industry

Share the scope in a few lines and we will send you our team, timeline and fee proposal in writing. Free of charge and non-binding.

Under founding-partner supervision
Member of the SFAI international network
Written, transparent proposal

or call: +90 212 951 02 47

Frequently asked questions about Energy

Which companies does TFRS 20 concern?

It concerns entities whose activities are subject to price or tariff regulation and that, as a result, have amounts to be collected or refunded in the future; energy distribution companies are a typical example. For details, see our article on TFRS 20.

Are energy companies required to prepare a sustainability report?

Companies falling within the scope and thresholds set by the POA must prepare a sustainability report under the TSRS and have it assured. As the scope is updated periodically, the latest decision should be checked.

What is taken into account when valuing renewable energy investments?

Generation forecasts, sale prices and support mechanisms, licence term, operating costs, financing structure and the discount rate are the most important assumptions; results should be supported by sensitivity analysis.

How can companies in Energy get a proposal?

Share your company and needs via the proposal form and our team, which knows your industry, will send our scope, timeline and fee proposal in writing. Phone: +90 212 951 02 47.

Last updated: October 22, 2026

Let's talk about this year's audit.

Share the scope and we will send you our team, timeline and fee proposal in writing.

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