Accounting and independent auditing in the ground services

Ground service companies fulfill very important function offering ground services to domestic and foreign air-carriers. To provide high quality services for ground service companies, the most punctual ones in the world, executive decision makers need to be given reasonable assurance about the accuracy of financial information. At this point, independent auditing is of great importance in ground service companies, the toughest management activity in the world. The financial statements of ground service companies are examined and errors, frauds or corruption are detected and benefits are provided to prevent mis-reporting through the independent audit system. Independent audit contributes to the management in getting future decisions regarding the financial statements and using reliable financial information in the analysis of the sector. Independent auditing is also an important influence in ensuring the transparency necessary to recognize and correct weaknesses, disruptions and deficiencies in processes and activities by internal control system studies. The aim of this study is to demonstrate how to process the independent auditing function in light of the relevant regulations and applications subsequent to giving general information related ground service companies and explaining the concepts of independent auditing in general. In the first chapter of the study, the types and responsibilities, obligations and the overall structure of ground service companies are described. In the second chapter, the concepts of auditing and independent auditing are explained on the basis of audit standards. In the third chapter, the accounting system application examples related to the financial statement accounts in ground service companies are examined. In addition, questions clarifying the issue of reviewing the operating cycles that play a key role in the independent audit process and examples of the control tests in the audit procedures to be applied in the independent audit internal control system evaluations are given in this chapter. In the final chapter, the study was evaluated, summarized and made proposals for implementation.