TSE and the World Bank commissioned ANKON to review TSE’s financial statements and analyse its financial structure, accounting policies and transactions against Generally Accepted Accounting Principles as it moved towards a more commercially oriented structure.

The assignment

Formed part of the Turkish Technology Project Loan jointly provided by Japan and IBRD. ANKON recommended improvements to accounting and financial management, designed a comprehensive strategy to computerise management information systems, proposed organisational rationalisation and prepared an implementation plan for TSE’s long-term development in line with loan objectives.