Release (discharge) of the manager (İbra)
Also known as: discharge, approval of accounts, aklama
Definition
The owners' assembly approving the manager's accounts and actions for a period, thereby releasing the manager from liability for that period.
At the ordinary meeting, the manager presents the activity and accounts report, and the auditor presents the audit report. If the assembly finds the accounts satisfactory, it releases the manager; a manager who is not released can be called to account and, if necessary, legal action can be taken.
According to the generally accepted view, the release is limited to the information explicitly presented to the assembly. For this reason, presenting a complete, documented income and expense statement also protects the manager.
In CasaX
In CasaX, the period's income and expense statement, cash and bank statements and debtor list are ready in Excel or PDF; since financial records are not deleted and every change is kept in the activity history, accounting for the period becomes easier.
This content is for general information only and is not legal or financial advice. Legislation may change; consult a professional about your specific situation.