THRESHOLDS DOUBLED FOR MANDATORY INDEPENDENT AUDITS:

With the publication of the Decision on the Determination of Companies Subject to Independent Audit in the Official Gazette dated 30 November 2022; the previous decision on the same issue, which was published in 2018, is now repealed for the need to redetermine the scope of independent audit.

Council of Ministers Reduces Threshold for Mandatory Independent Audits:

The Cabinet Revises Its Decree on Companies Subject to Independent Audit:

In January 2013, the Council of Ministers had issued a Decree on Determination of Equity Companies Subject to Independent Audit (“Decree”).

Independent Audit Under the Turkish Commercial Code and the Newly Published Decree:

Auditing of companies has become a significant issue in a globalizing world.