Menteş Albayrak / ‎Audit Coordinator at Anadolu Group

In today’s informatics era, the concept of transparency has become even more important for our lives. This concept is also extremely important for organisations. Today, management culture founded on transparency is a part of our working lives as a rising value.

As Anadolu Group Head of Audit, we also continue our leadership roles in professional organisations with the vision of “creating value as a reliable advisor of our stakeholders” and the aim of being recognised as the centre of excellence in internal audit.

In April 2014, European Parliament approved legislation for ‘non-financial reporting’. In accordance with this regulation, which was officially ratified by Council of Europe on 29 September 2014, member states will pass the necessary regulations in their own domestic legislation within two years, in order to be implemented in 2017. As this will also be reflected in our country during the process of compliance with European Union, it will be beneficial to know about this and make the necessary preparations as of now.

Non-financial reporting can be summarised as the inclusion of certain economic, social and environmental information in the  reports published by organisations, in addition to financial information. The fundamental aim of this style of reporting, which has various examples in the world, such as the Sustainability Reporting of the Global Reporting Initiative (GRI) and the Integrated Reporting Framework of the  International Integrated Reporting Council (IIRC), is to improve the quality of organisational management by increasing transparency and supporting the endeavours to leave the future generations a world where they can meet their own needs.

As the Organisational Communications Committee of European Confederation of the Institutions of Internal Auditors, which I am also a member of, we prepared a guide entitled , “Non-Financial Reporting : Building trust with internal audit”, on the role of non-financial reporting and internal controls, and presented our study to the European Commission  and Parliament during a round table conference we organised in Brussels on 31.03.2015. You can reach the assessments made during this meeting from the website of ‘The Parliament Magazine’.

The assurance of non-financial information is a field which is in the process of development, and, as they have experience as internal auditors, on the matter of performing their duties of assurance, they are in a position to undertake this responsibility.

This type of assurance endeavours to cover the total impact created by an organisation on its stakeholders, in particular on social, economic and environmental topics. It aims to ensure that all of the important subjects on non-financial reporting, which ensure sustainability assurance, are included in full. It also assesses whether social, economic and environmental performance and their impacts are presented to stakeholders in a balanced and just manner.

We believe in the importance of transparency in the work we carry out in this field, and aim to ensure a sustainable assurance.

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