As KPMG Turkey, Risk Management & Compliance Services, we are proud to present the third issue of KPMGündem: Risk Management & Compliance. (Language:Turkish)

After several boom years, the global construction industry, like many others, now has to deal with falling demand. The longer-term nature of many projects may have offered some protection against the immediate impact of the recession, but as contractors slowly work through their backlogs, what lies in the pipeline?

This year, the Annual KPMG Insurance Conference, aiming the sharing of experience gathered within the near countries was held in İstanbul by the contribution of KPMG Practices in the Central and Eastern Europe and Turkey.

We are happy to announce that the Initial Public Offering Campaign Istanbul Summit was organized successfully by Capital Markets Board of Turkey, Union of Chambers and Commodity Exchanges of Turkey, the Association of Capital Market Intermediary Institutions of Turkey and Istanbul Stock Exchange.

"Transfer Pricing 2010" seminar was held in İstanbul The Ritz Carlton Hotel, on Tuesday, 12 January 2010.

An urgent need for more revenue is pushing many governments into active moves to increase the tax taken from indirect taxes, and a worldwide broadening of the tax base for corporate income taxes, KPMG's latest annual survey of tax rates affecting business has found.

The most popular country for Turkish businesses wanting to invest abroad both now and for the next five years is Russia, a new survey from KPMG, “Playing a long game, a study of the foreign investment plans of Turkish businesses between 2009 and 2014”, has found.

KPMG 2009 Global International Corporate Tax Turkish Conference was held at the Conrad Hotel International on Wednesday, 21 October 2009 with the participation of wide range of CEO's, CFO's and tax experts.

KPMG Turkey, Forensic Department is proud to present The Fraud in Turkey From Executives' Point of View; Risks, Effects and Lessons Should Be Taken Report. This report aims to create awareness about "fraud" concept that especially gains an importance in recent economical distress. The report also presents the fraud effects on Turkish companies, risk and protection methods against fraud.

KPMG Turkey published "Investment in Turkey June 2009" as a source of information which answers many questions asked by the foreign investors. The information contained in this booklet is an introduction for the foreign investors that plan to take a look into investment opportunities in Turkey.

As known, TURQUALITY®, is the first and only Government supported branding program of the world. We are proud to announce that KPMG became a member of this program for Strategic Planning and Management Consultancy.

As a part of training programs of Kayseri Organized Industry Zone, KPMG "Frauds in Business Conference" drew wide attention. The conference was held on May 26, Tuesday in Kayseri Organized Industry Zone Headquarter.

2nd KPMG Turkey Financial Risk Management Conference was held in Istanbul on Thursday, 28th May 2009, at the Çırağan Palace Kempinski. This year, the conference put together a program that can truly be described as unique for Turkey with a special focus on Financial Stability, Banking, Insurance and Derivative Markets Regulations as well as Market Drivers and Risk Management.

The Bursa Chamber of Commerce and Industry (BTSO) seminar ‘Foreign Investment is Looking for Its Haven’ held on 15 April, Wednesday at BTSO conference lounge.

Family meeting of Institude of Internal Auditing - Turkey (TİDE) was held with the support of KPMG Turkey on April 20, 2009 between 19:00 - 21:00 at Swissotel, Istanbul. The meeting started with the welcome speech of Şenol Toygar, Chairman of the Board of Directors, TİDE. After his speech, Mr. Ray Jay, Senior Executive from KPMG Europe LLP made a presentation with the topic of "Maximising The Value From Internal Audit – In a Cost Constrained Environment.

The annual report summarizes KPMG`s global financial performance in 2008. KPMG is pursuing a global strategy and moving toward a more globally integrated organization that seeks to bring value to our member firms’ clients, enhance the careers of our people, and benefit the communities in which we live and work.This ability to think beyond borders means we are better able to help clients respond to the changes demanded by economic pressures, expand globally and enter new markets, and embrace new global accounting standards.The Review highlights client relationships and addresses global conversions to IFRS, the need for improved infrastructure, sustainability, and cost optimization.

Turkish Mid-Market M&A Report was prepared by MergerMarket, global M&A intelligence service provider, KPMG and EsınIsmen. The report follows a roundtable discussion on the opportunities currently available in the ‎mid-market and the challenges presented by the financial crisis. ‎

"Year-End Transactions" seminar was held in İzmir, Crowne Plaza Hotel, on 20 January 2009. The seminar which was organized by KPMG İzmir Tax Professionals underlined some important issues of 2009 such as tax amnesty for asset repatriation, free trade zones and year-end transactions.

The fact-finding conference, held in collaboration of KPMG and INTES (Employer’s Reunion of Turkish Construction Industry) called “2008 Global Construction Report: Challenges and Solutions” evaluated the construction sector on 8 january 2009 in Ankara. During the conference, future facts affecting the sectors were evaluated in the light of recent financial distress.