{"id":8867,"date":"2025-09-15T01:12:02","date_gmt":"2025-09-14T22:12:02","guid":{"rendered":"https:\/\/gnbtqytp2s.onrocket.site\/?post_type=makaleler&#038;p=8867"},"modified":"2025-09-15T01:12:05","modified_gmt":"2025-09-14T22:12:05","slug":"company-audit-in-turkey","status":"publish","type":"makaleler","link":"https:\/\/www.mfylegal.av.tr\/en\/articles\/company-audit-in-turkey\/","title":{"rendered":"Company Audit in Turkey | Independent Audit &amp; Compliance Rules"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Overview of Audit Requirements in Turkey<\/strong><\/h2>\n\n\n\n<p>Auditing is an essential element of corporate governance in Turkey. The <strong>Turkish Commercial Code (TCC)<\/strong> and sector-specific laws require certain companies to undergo <strong>independent auditing<\/strong> to ensure transparency, investor confidence, and compliance with international standards.<\/p>\n\n\n\n<p>Audits in Turkey are divided into:<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>Independent financial audits<\/strong> (threshold-based)<\/li>\n\n\n\n<li><strong>Public authority inspections<\/strong> (sector-specific)<\/li>\n\n\n\n<li><strong>Special audits requested by shareholders<\/strong><\/li>\n<\/ol>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Independent Audit (Threshold-Based)<\/strong><\/h2>\n\n\n\n<p>Capital companies must undergo an independent audit if they exceed <strong>two out of three thresholds<\/strong> relating to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Total assets<\/strong><\/li>\n\n\n\n<li><strong>Annual net sales revenue<\/strong><\/li>\n\n\n\n<li><strong>Number of employees<\/strong><\/li>\n<\/ul>\n\n\n\n<p>These audits are conducted according to <strong>International Auditing Standards (IAS)<\/strong>.<\/p>\n\n\n\n<p><strong>Examples:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A <a href=\"\/en?p=8841\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Joint Stock Company<\/strong><\/a> in manufacturing that surpasses turnover and employee thresholds.<\/li>\n\n\n\n<li>A <a href=\"\/en?p=8844\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Limited Company<\/strong><\/a> with high asset value and staff numbers.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Public Authority Audits<\/strong><\/h2>\n\n\n\n<p>Certain companies are always subject to audits by public institutions due to their regulated activities, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Banks and financial institutions<\/li>\n\n\n\n<li>Insurance companies<\/li>\n\n\n\n<li>Asset management firms<\/li>\n\n\n\n<li>Leasing, factoring, and consumer finance companies<\/li>\n\n\n\n<li>Capital markets entities<\/li>\n<\/ul>\n\n\n\n<p>These sectors often require approval from the <strong>Ministry of Trade<\/strong> or the <strong>Capital Markets Board (CMB)<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Shareholder Rights | Special Audit<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shareholders can request the appointment of a <strong>special auditor<\/strong> at the General Assembly.<\/li>\n\n\n\n<li>If the request is rejected, shareholders holding at least <strong>10% of capital<\/strong> (or <strong>5% in public companies<\/strong>) may apply to the court within 3 months to have a special auditor appointed.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Ministry of Trade Oversight<\/strong><\/h2>\n\n\n\n<p>Beyond independent audits, the <strong>Ministry of Trade<\/strong> has authority to audit all trading companies to ensure compliance with the TCC.<\/p>\n\n\n\n<p>This covers areas like:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Company contracts and amendments<\/li>\n\n\n\n<li>Share transfers and capital increases<\/li>\n\n\n\n<li>Liquidation procedures<\/li>\n<\/ul>\n\n\n\n<p>More details: <a href=\"https:\/\/mfylegal.av.tr\/en\/articles\/liquidation-of-company-in-turkey\/\" target=\"_blank\" rel=\"noreferrer noopener\">Liquidation of a Company in Turkey<\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Why Audit Matters for Foreign Investors<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Ensures transparency and compliance with global standards.<\/li>\n\n\n\n<li>Protects minority shareholders.<\/li>\n\n\n\n<li>Strengthens investor credibility, especially when applying for <strong>financing<\/strong> or <strong>tenders<\/strong>.<\/li>\n\n\n\n<li>May be required for companies planning to <strong>expand internationally<\/strong>.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Not all companies are audited \u2014 only those exceeding certain thresholds or operating in regulated sectors.<\/li>\n\n\n\n<li>Shareholders have rights to request additional audits.<\/li>\n\n\n\n<li>Independent auditors must be licensed and operate under international standards.<\/li>\n<\/ul>\n\n\n\n<p>Related topic: <a href=\"https:\/\/mfylegal.av.tr\/en\/articles\/share-transfer-in-turkish-companies\/\" target=\"_blank\" rel=\"noreferrer noopener\">Share Transfer in Turkish Companies<\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Professional Legal Guidance<\/strong><\/h2>\n\n\n\n<p>Audit obligations can be complex and change depending on company size, structure, and activity. MFY Legal assists companies in:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Determining whether they fall under audit thresholds,<\/li>\n\n\n\n<li>Selecting qualified independent auditors,<\/li>\n\n\n\n<li>Preparing internal policies to meet compliance requirements.<\/li>\n<\/ul>\n\n\n\n<p>Contact us today to ensure your company meets Turkey\u2019s audit obligations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overview of Audit Requirements in Turkey Auditing is an essential element of corporate governance in Turkey. The Turkish Commercial Code (TCC) and sector-specific laws require certain companies to undergo independent auditing to ensure transparency, investor confidence, and compliance with international standards. Audits in Turkey are divided into: Independent Audit (Threshold-Based) Capital companies must undergo an&#8230;<\/p>\n","protected":false},"author":2,"featured_media":8868,"parent":0,"template":"","meta":{"_acf_changed":true,"inline_featured_image":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":""},"custom-post-tag":[143],"practice-area":[160,161],"published-year":[157],"class_list":["post-8867","makaleler","type-makaleler","status-publish","has-post-thumbnail","hentry","custom-post-tag-articles","practice-area-commercial-law","practice-area-company-law","published-year-2025-en"],"acf":[],"taxonomy_info":{"custom-post-tag":[{"value":143,"label":"Articles"}],"practice-area":[{"value":160,"label":"Commercial Law"},{"value":161,"label":"Company Law"}],"published-year":[{"value":157,"label":"2025"}]},"featured_image_src_large":["https:\/\/www.mfylegal.av.tr\/wp-content\/uploads\/2025\/09\/company-audit-turkey-overview-1024x768.jpg",1024,768,true],"author_info":{"display_name":"MFY Legal","author_link":"https:\/\/www.mfylegal.av.tr\/en\/author\/mfylegal\/"},"comment_info":"","_links":{"self":[{"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/makaleler\/8867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/makaleler"}],"about":[{"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/types\/makaleler"}],"author":[{"embeddable":true,"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/users\/2"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/media\/8868"}],"wp:attachment":[{"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/media?parent=8867"}],"wp:term":[{"taxonomy":"custom-post-tag","embeddable":true,"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/custom-post-tag?post=8867"},{"taxonomy":"practice-area","embeddable":true,"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/practice-area?post=8867"},{"taxonomy":"published-year","embeddable":true,"href":"https:\/\/www.mfylegal.av.tr\/en\/wp-json\/wp\/v2\/published-year?post=8867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}