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4 A&T BANK ANNUAL REPORT 2015
ANNUAL REPORT COMPLIANCE OPINION
CONVENIENCE TRANSLATION INTO ENGLISH OF
INDEPENDENT AUDITOR’S REPORT
ON THE BOARD OF DIRECTORS’ ANNUAL REPORT
ORIGINALLY ISSUED IN TURKISH
To the Board of Directors of Arap Türk Bankası A.Ş.
Auditor’s Report on the Board of Directors’ Annual Report within the Scope of Independent Audit Standards
We have audited the annual report of Arap Türk Bankası A.Ş. (the “Bank”) and its subsidiary (collectively referred to as the “Group”) for
the period ended 31 December 2015.
Board of Directors’ responsibility for the Annual Report
The Bank management is responsible for the fair preparation of the annual report and its consistency with the consolidated financial
statements which are issued in accordance with the “Regulation on Principles and Procedures Regarding Preparation and Promulgation
of Annual Reports by Banks” published in Official Gazette No. 26333 dated 1 November 2006 and article 514 of Turkish Commercial
Code (“TCC”) No. 6102, “Regulation on the Procedures and Principles Regarding Accounting Applications for Banks and Safeguarding
of Documents”, published in Official Gazette No. 26333 dated 1 November 2006, other regulations published by the Banking
Regulation and Supervision Agency (“BRSA”) on accounting records of Banks, interpretations and circulars published by BRSA and
the provisions of Turkish Accounting Standards for the matters which are not regulated by the aforementioned legislations; “BRSA
Accounting and Financial Reporting Legislation” and for such internal control as Bank management determines is necessary to enable
the preparation of an annual report.
Independent Auditor’s Responsibility
Our responsibility is to express an opinion on whether the financial information in this annual report is consistent with the Bank’s
consolidated financial statements and reflects the truth, based on our independent audit of the Bank’s annual report within the scope of
the Regulation on Independent Audits of Banks published in official gazette No. 29314 dated 2 April 2015 and article 397 of the TCC.
Our independent audit was conducted in accordance with Independent Auditing Standards (“ISA”) that are part of the Turkish
Standards on Auditing issued by the Public Oversight Accounting and Auditing Standards Authority (“POA”). Those standards require
that ethical requirements are complied with and that the independent audit is planned and performed to obtain reasonable assurance
whether the financial information in the annual report is fairly presented and consistent with the consolidated financial statements.
An independent audit requires applying audit procedures to obtain audit evidence on the historical financial information. The
procedures selected depend on the professional judgement of the independent auditor.
We believe that the independent audit evidences we have obtained during our independent audit, are sufficient and appropriate to
provide a basis for our opinion.
Opinion
Based on our opinion, the financial information in the annual report of the Board of Directors of Arap Türk Bankası A.Ş. is consistent with
the audited consolidated financial statements and presented fairly, in all material respects and the convenience translation of audited
financial statements originally issued in Turkish.
Other Responsibilities Arising from Regulatory Requirements
Pursuant to subparagraph 3 of Article 402 of the TCC No. 6102, within the context of ISA 570 “Going Concern”, we have not
encountered any significant issue which we are required to be reported with regard to the inability of Arap Türk Bankası A.Ş. to continue
its operations for the foreseeable future.