2020 Transparency Report DRT Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. For the period 1 June 2019 - 31 May 2020 2020 Transparency Report | DRT BAĞIMSIZ DENETİM VE SERBEST MUHASEBECİ MALİ MÜŞAVİRLİK A.Ş. Contents Introduction 1 I) Legal Structure and Ownership 1-2 II) Key Management and Partners 2-3 III) Legal Structure of the Audit Network 3-4 IV) Associated Audit Firms and Nature of Associations with Other Entities 5 V) Organizational Structure 6-7 VI) What Deloitte Audit & Assurance Brings to the Sector 9-11 VII) External and Internal Audit Quality Monitoring 15-18 VIII) Audited Public Interest Entities 18 IX) Policies on Continuing Education of Auditors 19-22 X) Independence Policy Compliance 23 XI) Allocation of Income 23 XII) Basis for Partner Remuneration 24 XIII) Quality Control System 25-42 XIV) Other Matters 42 APPENDIX A 43-46 APPENDIX B 47-48 APPENDIX C 49 2020 Transparency Report | DRT BAĞIMSIZ DENETİM VE SERBEST MUHASEBECİ MALİ MÜŞAVİRLİK A.Ş. Message from the Audit and Assurance Business Leader of DRT Bağımsız Denetim ve SMMM A.Ş. We are pleased to present the Audit Transparency Report of DRT Bağımsız Denetim ve SMMM A.Ş. for the year ended 31 May 2020. We are going through difficult times due to the unpredictable COVID-19 outbreak. However, Deloitte1 has made it a priority to ensure that we can recover from the COVID crisis with the people and resources, supporting our clients as business starts to recover and adapt to the post-COVID-19 world without sacrificing our focus areas stated below. We architect our future to create sustainable value focusing on quality, transformation, and technology, and the highest standards of ethics and integrity. Our unrelenting commitment to quality, transformation, and technology enablement will enable us to achieve balanced growth, protect and enhance our brand, and provide an unrivaled talent experience for all our professionals, as well as building trust by addressing challenges to meet and exceed the expectations of our clients, capital markets and regulators. Our brand is defined by the high-quality audits we deliver and by our unwavering commitment to continuous improvement. We continuously improve our audit quality, identifying and seizing new opportunities that create value, responding effectively to new and revised rules, standards, and expectations, while strengthening the relevancy of our business and our profession. We are making an impact that matters to our clients and communities by always making quality our top priority. We are focused on delivering cognitive audit – standardizing how we execute our work to make audits more data-driven, consistent, effective, and valuable. We transform our way to do audit by adopting advanced technologies, keeping up with the changes, and chasing innovations. We are making smart audit with the automation that improves standard tasks, analytics that yields a deeper and more insightful view into the data, which provides an improved audit experience, delivering greater value and fueling marketplace opportunities. In addition to continuous investment in quality, transformation, and technology, Deloitte is committed to conducting business with honesty, distinctive quality, and high standards of professional behavior. At Deloitte, we have a shared commitment to integrity, we support each other to do the right thing. We are all aware of our ethical principles and common values, responsibilities, our ethical responsibilities towards clients, our obligations to comply with legal and regulatory authorities, our support to society, and our responsibilities to each other. Ali Çiçekli Audit and Assurance Business Leader 1Throughout this report, the terms “Deloitte, we, us, and our” refer to one or more of Deloitte Touche Tohmatsu Limited, its network of member firms, and their related entities. For more information about the Deloitte network, please see https://www2.deloitte.com/global/en/pages/about-deloitte/articles/about-deloitte.html 2020 Transparency Report | DRT BAĞIMSIZ DENETİM VE SERBEST MUHASEBECİ MALİ MÜŞAVİRLİK A.Ş. INTRODUCTION In the scope of the article 36 of the Independent Audit Regulation published in the Official Gazette dated 26 December 2012 and numbered 28509 by Public Oversight Accounting and Auditing Standards Authority (“POA”), audit firms that audited public interest entities in a calendar year are required to submit their Annual Transparency Report to POA and publish the report on their own webpage. In this framework, our Company prepared the Annual Transparency Report related to the accounting period of 31 May 2020, signed by Ali Çiçekli, Audit and Assurance Business Leader, on 30 September 2020, and published on our webpage. I) LEGAL STRUCTURE AND OWNERSHIP DRT Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. (“The Company” or “DRT SMMM”) is a member firm of Deloitte Touche Tohmatsu Limited (“DTTL” or “Deloitte Global”) in Turkey, and provides services of independent audit, information technology audit, risk management audit and accounting services in Turkey. The Company is entitled to use the right of “Deloitte” name in Turkey. The Company operates in the branches of Istanbul, Ankara, İzmir, Bursa and Adana. The Company has independent audit authorization given by Public Oversight Accounting and Auditing Standards Authority (“POA”), Capital Market Board (“CMB”), and Banking Regulation and Supervision Agency (“BRSA”). The management is executed by the Board of Directors comprising the chairman and the members. As of 31 May 2020, the Company’s shareholding structure is as follows: Shareholding Structure (As of 31 May 2020) NUMBER OF SHARES SHAREHOLDING SHAREHOLDERS SHARES AMOUNT PERCENTAGE HASAN KILIÇ 12,670 12,670.00 TRY 25.34% ZERE GAYE ŞENTÜRK 8,631 8,631.00 TRY 17.26% BURÇ SEVEN 5,330 5,330.00 TRY 10.66% HALİS ERDEM SELÇUK 5,330 5,330.00 TRY 10.66% ERDAL DİNÇTÜRK 4,502 4,502.00 TRY 9.00% ALİ ÇİÇEKLİ 4,020 4,020.00 TRY 8.04% SELÇUK ÜRKMEZ 3,750 3,750.00 TRY 7.50% ÖZLEM GÖREN 3,250 3,250.00 TRY 6.50% GÜÇDEMİR ERDEM TAŞ 2,501 2,501.00 TRY 5.00% ÖZKAN YILDIRIM 1 1.00 TRY 0.00% MÜJDE ASLAN 1 1.00 TRY 0.00% IŞIL BİLGİN 1 1.00 TRY 0.00% YAMAN POLAT 1 1.00 TRY 0.00% KORAY ÖZTÜRK 1 1.00 TRY 0.00% 1 2020 Transparency Report | DRT BAĞIMSIZ DENETİM VE SERBEST MUHASEBECİ MALİ MÜŞAVİRLİK A.Ş. I) LEGAL STRUCTURE AND OWNERSHIP (cont’d) Shareholding Structure (As of 31 May 2020) (cont’d) NUMBER OF SHARES SHAREHOLDING SHAREHOLDERS SHARES AMOUNT PERCENTAGE VOLKAN BECERİK 1 1.00 TRY 0.00% HAKAN ERTEN 1 1.00 TRY 0.00% CEM TOVİL 1 1.00 TRY 0.00% EMREHAN DEMİREL 1 1.00 TRY 0.00% ERSİN ÇAĞAN 1 1.00 TRY 0.00% NAZLI İVAK 1 1.00 TRY 0.00% OKAN ÖZ 1 1.00 TRY 0.00% OSMAN ARSLAN 1 1.00 TRY 0.00% ÖZGÜR ÖNEY 1 1.00 TRY 0.00% MEHMET IŞIKMEN 1 1.00 TRY 0.00% BORA TANRISINATAPAN 1 1.00 TRY 0.00% CAPITAL 50,000.00 50,000.00 TRY 100.00% Changes in the Company’s shareholding structure in 1 June 2019-31 May 2020: İbrahim Koçer, who had shares as of 31 May 2019, left our Company on 29 January 2020. Mehmet Işıkmen and Bora Tanrısınatapan had become shareholders on 22 January 2020 and 29 January 2020, respectively. Changes in the Company’s shareholding structure after 31 May 2020: Hasan Kılıç, who had shares as of 31 May 2020, left our Company on 9 June 2020 and transferred his shares to the existing shareholders. II) KEY MANAGEMENT AND PARTNERS Key Management (As of 31 May 2020) HASAN KILIÇ CHAIRMAN OF THE BOARD OF DIRECTORS SELÇUK ÜRKMEZ MEMBER OF THE BOARD OF DIRECTORS ZERE GAYE ŞENTÜRK MEMBER OF THE BOARD OF DIRECTORS BURÇ SEVEN MEMBER OF THE BOARD OF DIRECTORS HALİS ERDEM SELÇUK MEMBER OF THE BOARD OF DIRECTORS ALİ ÇİÇEKLİ MEMBER OF THE BOARD OF DIRECTORS 2 2020 Transparency Report | DRT BAĞIMSIZ DENETİM VE SERBEST MUHASEBECİ MALİ MÜŞAVİRLİK A.Ş. II) KEY MANAGEMENT AND PARTNERS (cont’d) Partners (As of 31 May 2020) NAME TITLE START DATE OF EMPLOYMENT SELÇUK ÜRKMEZ Partner 01.12.1994 HASAN KILIÇ Partner 01.10.1990 ÖZLEM GÖREN GÜÇDEMİR Partner 05.09.1994 BURÇ SEVEN Partner 01.09.1997 ZERE GAYE ŞENTÜRK Partner 09.09.1996 HALİS ERDEM SELÇUK Partner 11.09.1995 ALİ ÇİÇEKLİ Partner 06.01.1998 ÖZKAN YILDIRIM Partner 01.06.2007 KORAY ÖZTÜRK Partner 07.09.1999 YAMAN PEYVENT POLAT Partner 16.09.1999 IŞIL BİLGİN KABAÇALI Partner 14.09.1998 ERDEM TAŞ Partner 17.03.2008 VOLKAN BECERİK Partner 20.02.2012 CEM TOVİL Partner 08.09.2000 EMREHAN DEMİREL Partner 03.04.2006 OKAN ÖZ Partner 30.09.2002 HAKAN ERTEN Partner 08.09.2000 OSMAN ARSLAN Partner 12.05.2008 ERSİN ÇAĞAN Partner 30.04.2009 MÜJDE ASLAN Partner 14.09.1998 NAZLI İVAK Partner 20.09.2004 ÖZGÜR ÖNEY Partner 09.09.2004 III) LEGAL STRUCTURE OF THE AUDIT NETWORK Deloitte Network The Deloitte network is a globally connected network of member firms and their affiliates operating in more than 150 countries and territories across the world. These separate and independent member firms operate under a common brand. Deloitte Touche Tohmatsu Limited (DTTL or Deloitte Global) Deloitte Touche Tohmatsu Limited is a UK private company limited by guarantee incorporated in England and Wales. DTTL serves a coordinating role for its member firms and their affiliates by requiring adherence to policies and protocols with the objective of promoting a consistently high level of quality, professional conduct, and service across the Deloitte network. DTTL does not provide professional services to clients, or direct, manage, control, or own any interest in any member firm or any member firm’s affiliated entities.