Financial Information and Risk Management
98
İş Bankası
Annual Report 2013
Akis Bağımsız Denetim ve Serbest
Muhasebeci Mali Müşavirlik A.Ş.
Kavacık Rüzgarlı Bahçe Mah.
Kavak Sok. No: 29
Beykoz 34805 İstanbul
Telephone +90 (216) 681 90 00
Fax
+90 (216) 681 90 90
İnternet
To the Board of Directors of Türkiye İş Bankası AŞ;
We have audited the unconsolidated balance sheet of Türkiye İş Bankası AŞ (“the Bank”) as of 31 December 2013 and the
unconsolidated statements of income, cash flows and changes in shareholders’ equity for the year then ended and a summary of
significant accounting policies and notes to the financial statements.
The Board of Directors of the Bank is responsible for designing, implementing and maintaining internal control relevant to the
preparation and fair presentation of the unconsolidated financial statements that are free frommaterial misstatement, whether due
to error or fraud; and for selecting and applying appropriate accounting policies in accordance with the “Regulation on Accounting
Applications for Banks and Safeguarding of Documents” published on the Official Gazette numbered 26333 on 1 November 2006,
Turkish Accounting Standards, Turkish Financial Reporting Standards and the other regulations, communiqués and circulars in
respect of accounting and financial reporting made by the Banking Regulation and Supervision Board and the pronouncements
made by the Banking Regulation and Supervision Agency.
Our responsibility, as independent auditors, is to express an opinion on these financial statements based on our audit. Our audit is
performed in accordance with the “Regulation on the Assignment and Activities of the Banks’ Independent Audit Firms” published
on the Official Gazette no. 26333 dated 1 November 2006 and international standards on auditing. We planned and conducted
our audit to obtain reasonable assurance as to whether the financial statements are free of material misstatement. Our audit
includes using the audit techniques for the purpose of obtaining evidence supporting the amounts and disclosures in the financial
statements. The selection of the audit techniques is made in accordance with our professional judgment by taking the effectiveness
of the controls over financial reporting into consideration and assessing the appropriateness of the applied accounting policies. We
believe that our audit provides a reasonable basis for our audit opinion.
The accompanying unconsolidated financial statements as of 31 December 2013 include a general provision amounting to
TL 1,000,000 thousands, which had been recognized as expense in the prior periods provided by the Bank management for the
possible result of the negative circumstances which may arise from any changes in economy or market conditions.
In our opinion, except for the effect of the matter described in the fourth paragraph above on the unconsolidated financial
statements, the accompanying unconsolidated financial statements present fairly, in all material respects, the financial position of
Türkiye İş Bankası AŞ as of 31 December 2013 and the result of its operations and cash flows for the year then ended in accordance
with the prevailing accounting principles and standards set out as per the existing regulations described in Article 37 of the
Banking Act No: 5411 and the other regulations, communiqués and circulars in respect of accounting and financial reporting and
pronouncements made by the Banking Regulation and Supervision Board and the pronouncements made by the Banking Regulation
and Supervision Agency.
İstanbul
12 February 2014
Akis Bağımsız Denetim ve Serbest
Muhasebeci Mali Müşavirlik AnonimŞirketi
Murat ALSAN
Partner, SMMM
Additional paragraph for convenience translation to English:
As explained in Note I in Section Three, the accompanying financial statements are not intended to present the financial position
and results of operations in accordance with the accounting principles and practices generally accepted in countries and jurisdictions
other than Turkey.
