Cagatay KARADENIZ

Partner

I began my professional journey in 1994, working in the Financial Affairs Units of various sectors. Throughout this period, I held managerial positions in Accounting, Finance, Budgeting, Internal Control, Internal Audit, and IFRS reporting units. Building upon my experience, I later assumed the role of CFO in a company with an annual turnover of $100 million. Successfully carrying out this role, I eventually made the decision to start my own way.

Now, as a business owner, I not only enjoy the satisfaction of entrepreneurship but also have the opportunity to pass on my years of experience to others. Sharing my expertise and knowledge with others brings me great pleasure and allows me to contribute to the growth and success of fellow professionals.

Throughout my career, I have focused on key responsibilities such as:

Ensuring accurate and timely declaration of company-related requirements according to the legal regulations of the respective country.
Monitoring and overseeing import and export activities.
Preparing and monitoring income-expenditure and cash budgets for companies.
Generating financial reports in compliance with IFRS reporting standards.
Establishing internal control systems to mitigate risks within companies.
Developing company activities and adding value through the establishment of internal audit systems.
Analyzing company processes and preparing risk matrices to identify potential risks.
Providing recommendations based on the prepared risk matrix and supervising their implementation.
Verifying the accuracy of cost records within companies.
Establishing ERP software structures to ensure traceability, measurability, and accountability in company processes.

These experiences have equipped me with a diverse skill set to effectively support companies in managing their financial affairs, optimizing operations, and complying with regulatory requirements.

In addition to overseeing independent audits conducted by external audit firms in accordance with International Financial Reporting Standards (IFRS), I played a pivotal role in establishing the IFRS department within the company. As one of the two individuals leading this initiative, I underwent extensive training supported by the Holding for six months and managed the service process for establishing the department through collaboration with an independent audit firm.

In 2014, I served as a Senior Internal Auditor at a South Korean-based company. This experience allowed me to work closely with the Korean CFO and gain a comprehensive understanding of Korean work culture, different perspectives, and reporting and working styles both locally and within international firms. Alongside IFRS reporting, I also familiarized myself with SOX controls, specifically SOX 404 controls, as the company was listed on the New York Stock Exchange.

Following my tenure in South Korea, I joined Xerox Turkey as an Internal Control Manager. Within this role, I conducted comprehensive internal control and process audits in alignment with Generally Accepted Accounting Principles (GAAP), Generally Accepted Auditing Standards (GAAS), and Xerox procedures. I successfully completed control tests in compliance with Sarbanes-Oxley Section 404 (SOX) and oversaw various transactions such as month-end closing, rebate calculations for distributors, and channel stuffing. Additionally, I supervised the external auditing process.

In 2020, I assumed the position of CFO at Hevecmd Company, a medium-sized retail company based in New Jersey. With twenty stores across seven states and its own brand, “www.itsallleggings.com,” I focused on addressing structural issues and establishing reporting systems between the branches and the head office. Moreover, I conducted profitability analysis, participated in budgeting processes, and ensured accountability throughout the organization. I was engaged in regular audits and single audits in collaboration with Barre&Company. Additionally, I was actively involved in tax-related studies, further enhancing our comprehensive financial services offerings.

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RESUME AND AWARDSCagatay up close

Continuously learning, developing personally, and sharing knowledge is a valuable perspective

Professional fields
License & Certificate
Organizations

Starting in 1994, my career has taken me on a transformative journey, leading me to assume the role of a CFO in a multimillion-dollar company. Throughout this extensive period, I have acquired a wealth of experience and honed my professional knowledge. This combination of hands-on experience and expertise has shaped me into the professional I am today.

Ensuring audit compliance with General Accepted Auditing Standards
Analyzing company processes and preparing risk matrices to identify potential risks
Establishing internal audit systems to enhance company operations and add value
Overseeing and managing all accounting processes ensuring in compliance with GAAP requirements and Tax matters
Preparation of financial statements according to IFRS standards and managing negotiation processes with external auditors.

Investing time in education, learning, research, and detailed studies is an incredibly valuable endeavor that brings immense pleasure and satisfaction. It not only expands knowledge but also cultivates personal and professional growth. This investment in self-improvement fosters a deeper understanding, promotes critical thinking, and enhances overall skills and performance.

Business Administration, 1994
Certified Public Accountant (CPA), Istanbul
Certification in Risk Mangement Assurance (CRM)
Independent Auditor Certificate

As a member of Seven Hills CPA, keeping up to date with the latest developments and constantly evolving professional skills is extremely important. This is achieved by actively following the organization’s announcements, articles, reviews, case studies, as well as attending conferences and seminars.