Example of the financial and legal analysis of the concordant and the application of the concordation process to the retail sector

Upon the abolition of the bankruptcy postponement, the concordat institution was made operational by the legislator and started to be implemented. With this study, it will be tried to find solutions to the main problems in the concordat law and information will be given about the Reasonable Assurance Audit, which has become mandatory for the concordat application. The purpose of including the Independent Audit Report among the documents to be attached is to prevent arbitrary or malicious concordat applications. In addition, the financial analysis, which will best reveal the financial situation of the companies within the deadline, is also important. In the light of the above information, it will be explained what the concordat actually is, what the legislator aims with the concordat, how to achieve these aims, and then it will be tried to find solutions for the problems that occur. The first thing to be determined about the concordat is to check whether the company can continue its commercial life. What will clarify this issue will be the Independent Audit Report and financial analysis. In this case, the Audit Report Giving Reasonable Assurance will provide the court with the most reliable information about the status of the companies that will declare a concordat, and can be considered as the first and most important indicator of whether the companies can continue their commercial life or not. For the next, financial analysis will be activated and it will be evaluated whether the financial situation of the company has improved within a short period of time. The independent audit report is in the nature of preliminary information on whether a respite decision or a bankruptcy decision will be made. The independent audit report is important in determining whether the company is an honest debtor. Keywords: Concordat, Independent Audit, Reasonable Assurance, Bankruptcy Law, Financial Analysis