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Audit and advisory for Retail and Consumer

Q: How can companies in Retail and Consumer 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.

High transaction volumes, store leases, promotions and inventory management.

Get a proposal +90 212 951 02 47

Financial reporting and audit in Retail and Consumer companies

Retail and consumer products companies process millions of transactions through numerous stores, warehouses and sales channels. That intensity requires strong internal controls over inventory tracking, till and collection processes and reconciliations between systems.

Store leases significantly expand the balance sheet under TFRS 16, while loyalty programmes, gift cards, return rights and supplier rebates make it harder to record revenue and costs in the right period. With a data-analytics-driven audit approach, ARSEN can examine the entire transaction population at retailers.

Audit focus areas in Retail and Consumer companies

Inventory losses and count differences

Shrinkage, theft and recording errors in stores and warehouses must be controlled through periodic counts and year-end count observation.

Promotions, returns and loyalty programmes

Points programmes, gift cards and return rights may require part of revenue to be deferred, while supplier rebates affect costs.

Store leases

Measuring large numbers of leases under TFRS 16, with their terms, escalations and options, is demanding in terms of both calculation and data management.

Cash and fraud risk

Fraud such as till differences, fictitious returns and discount abuse can be detected through analytical tests on transaction data.

Personal data

Loyalty programmes and e-commerce lead to the collection of large volumes of customer data, making KVKK compliance and data security critical.

Key standards and concepts in this industry

Inventories (TAS 2)Assets held for sale in the ordinary course of business, in the process of production, or as raw materials and supplies to be used in production.Inventory count observationThe auditor attending the entity's year-end physical count to verify the existence and condition of inventories.Revenue from contracts with customers (TFRS 15)The standard requiring revenue to be recognised to depict the transfer of goods or services to customers, at the amount the entity expects to be entitled to.Leases (TFRS 16)The standard requiring lessees to present almost all leases in the statement of financial position as a right-of-use asset and a lease liability.Right-of-use assetAn asset representing the lessee's right to use the leased asset over the lease term.Lease liabilityA liability measured as the present value of the lease payments to be made over the lease term.Occupational fraudDeceptive acts carried out knowingly to obtain an unjust or illegal benefit; misappropriation of assets and fraudulent financial reporting are its main types.Personal Data Protection Law (KVKK)Law No. 6698, which governs the protection of fundamental rights and freedoms in the processing of personal data and the obligations of data controllers.

Our services for Retail and Consumer

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.

Explore Customers and Marketing

Category Insight Surveys

We measure and report consumers' demographic, behavioural and psychological tendencies through primary research.

Explore Advisory

Fraud Prevention and Investigation

We detect fraud through forensic accounting and data analytics, and build a preventive control structure.

Explore IT Risk Management

Personal Data Protection Assurance

We set up your KVKK (Turkish data protection) management system, support your own set-up, or independently audit the maturity of your existing system.

Explore Audit and Assurance

Key Performance Indicators (KPI)

We define the right indicators, validate calculation methods and provide assurance on the KPIs you report.

Explore

Proposal request

Get a tailored proposal for the Retail and Consumer 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 Retail and Consumer

Why do store leases appear on the balance sheet?

Under TFRS 16, lessees recognise a right-of-use asset and a lease liability for all leases other than short-term and low-value leases. Depreciation and interest expense replace rent expense, which increases EBITDA.

How do loyalty points affect revenue?

If points granted to customers are a separate performance obligation, part of the sale price is allocated to the points, and that portion is not recognised as revenue until the points are redeemed or expire.

How is an audit planned for companies with many stores?

Stores are grouped by risk and size; central controls are tested, count and cash observations are performed at selected stores, and the full transaction data set is examined with analytical procedures.

How can companies in Retail and Consumer 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.

Request a Proposal +90 212 951 02 47