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Activities
Annual Report Compliance Opinion
CONVENIENCE TRANSLATION INTO ENGLISH OF THE INDEPENDENT AUDITOR’S REPORT RELATED TO ANNUAL
REPORT ORIGINALLY ISSUED IN TURKISH
To the Board of Directors of Türkiye İş Bankası Anonim Şirketi
Report on the Audit of Board of Directors’ Annual Report Based on Standards on Auditing
We have audited the accompanying annual report of Türkiye İş Bankası Anonim Şirketi (the “Bank”), for the year ended
31 December 2015.
Board of Directors’ Responsibility for the Annual Report
In accordance with the Article 514 of the Turkish Commercial Code No. 6102 (“TCC”) and “Regulation on the Principles and Procedures
Concerning the Preparation of and Publishing Annual Reports by Banks” published in the Official Gazette dated 1 November 2006
and No. 26333 in accordance with “Banking Regulation and Supervision Agency (“BRSA”) Accounting and Reporting Legislation”
which includes the “Regulation on Accounting Applications for Banks and Safeguarding of Documents” published in the Official
Gazette No.26333 dated 1 November 2006, and other regulations on accounting records of Banks published by Banking Regulation
and Supervision Board and circulars and interpretations published by BRSA and requirements of the Turkish Accounting Standards
for the matters not regulated by the aforementioned legislations, and for such internal control as management determines is
necessary to enable the preparation of the annual report.
Auditor’s Responsibility
Our responsibility is to express an opinion on the Bank’s annual report based on our audit conducted in accordance with the
provisions of the Article 397 of the TCC and the regulation on “Independent Auditing of Banks’’ published in the Official Gazette
dated 2 April 2015 with No. 29314, whether the consolidated and unconsolidated financial information included in the accompanying
annual report is consistent with the financial statements of the Bank and provides fair presentation.
We conducted our audit in accordance with the Independent Standards on Auditing which is a component of the Turkish Auditing
Standards (“TAS”) published by the Public Oversight Accounting and Auditing Standards Authority (“POA”). Those standards require
that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the
financial information included in the annual report is consistent with the consolidated and unconsolidated financial statements and
provide fair presentation.
An audit involves performing procedures to obtain audit evidence about the historical financial information. The procedures selected
depend on the auditor’s judgment.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the financial information included in the Board of Directors’ annual report is consistent, in all material respects, with
the audited consolidated and unconsolidated financial statements and provides a fair presentation.
Report on Other Regulatory Requirements
In accordance with the third clause of the Article 402 of TCC, no material issue has come to our attention that shall be reported about
the Bank’s ability to continue as a going concern in accordance with TAS 570 Going Concern.
Akis Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş.
A member of KPMG International Cooperative
