FIAT

has been established in 1899. Operate in automative sector. Fabbrica Italiana Automobili Torino It became very popular around the Italy and the world in a short time by producing luxury cars. A factory in U.S.A. has been established in 1909. FIAT produce vans, tractors, trains, plane motors beside cars. Since 1922, FIAT has been producing cars for consumers with avagare budget. Main products are cars for daily and commercial usage

 Scoping Understanding

Understanding the client and business Control environment and Monitoring of Controls Risk Assessment Information and Communication Evaluating the design of a control Implementation of control

Evaluating

Validating

Substantive

Level of comfort

audit evidence

Competitive Environment

Free Trade Zones(FTZs) are designed to encourage trade to and from Turkey, boosting the automobile sector in the country. Passenger car segment has the largest share in all aspects of the automobile industry. Production of automobiles in Turkey grew by 11% in 2007 over 2006 The annual automobile production is estimated to increase to 1.8 million by 2012. Exports by Turkish automobile industry are projected to surge at a CAGR of 11.49% during 2008-2012

Regulatory Environment

Turkish Commercial Code

Tax Legislation
Ministry of Finance Ministry of Commerce

Macroecomonic Environment

Key Development Inflation

CPI, PPI,

Foreign Trade Exchange Rate Interest Rates Unemployment

 Goals

& Objectives

To become Turkeys leading automotive corporation. To become FIATs preferred R&D and production hub.

Organizational Design