TCMA Annual Report 2021 62 To the Board of Directors of Turkish Capital Markets Association: 1) Opinion We have audited the consolidated financial statements of Turkish Capital Markets Association and Its Operating Entity (the Association) which comprise the consolidated balance sheet as at December 31, 2021 and the consolidated income statement for the year then ended, and notes to the consolidated financial statements including a summary of significant accounting policies. In our opinion, the accompanying consolidated financial statements of Turkish Capital Markets Association and Its Operating Entity for the year ended December 31, 2021 are prepared, in all material respects, in accordance with the accounting policies described in Note 2 to the balance sheet. 2) Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the consolidated Financial Statements section of our report. We are independent of the Association in accordance with the International Ethics Standards Board for Accountants’ (IESBA) International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code) together with the ethical requirements that are relevant to our audit of the financial statements in Türkiye, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 3) Emphasis of Matter – Basis of Accounting and Restriction on Use We draw attention to Note 2 to the consolidated financial statements, which describes the basis of accounting. Accounting policies applied by the Association differ from the accounting principles generally accepted in other countries and International Financial Reporting Standards (IFRS) in material aspects and the effects of such differences have not been quantified in the accompanying consolidated financial statements. Accordingly, the accompanying consolidated financial statements are not intended to present the financial position and financial performance of the Association in accordance with the accounting principles generally accepted in such countries and IFRS. This report has been prepared solely for the information and use of the members and the Management of the Association and should not be used for any other purpose. Our opinion is not modified in respect of this matter. INDEPENDENT AUDITOR’S REPORT
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