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24.11.2024

Procedures and Principles Regarding the Presidential Decree on the Determination of Companies Subject to Independent Audit have been published

In accordance with the Presidential Decree No. 6434 published in the Official Gazette No. 32029 on 30/11/2022, the criteria for being subject to independent audit have been revised. In line with the changes made in the Decree, the “Procedures and Principles Regarding the Presidential Decree on the Determination of Companies Subject to Independent Audit” have been prepared and published in the Official Gazette No. 32075 (1st Supplementary) on 16/01/2023.

With Article 13 of the published procedures and principles titled “Repealed Legislation,” the “Procedures and Principles Regarding the Presidential Decree on the Determination of Companies Subject to Independent Audit,” published in the Official Gazette No. 30688 on 16/02/2019, has been repealed.

Examples regarding being subject to independent audit and exiting the independent audit scope, depending on the fulfillment of threshold values for the accounting periods, have been revised in accordance with the changes made in the Decree.

In order to eliminate doubts regarding the application of the threshold values for 2022, a Temporary Article 1 has been added to the procedures and principles.

The procedures and principles came into effect on the date of publication and are applicable starting from 1.1.2023.

You can access the “Procedures and Principles Regarding the Presidential Decree on the Determination of Companies Subject to Independent Audit” here.

Best regards,

BİLGENER

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