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The Resolution Amending the Resolution on Determination of Companies Subject to Independent Audit ("Resolution") was published in the Official Gazette dated 06.04.2024 and numbered 32512. Accordingly, amendments were made to the companies included in the scope of independent audit under Article 398 of the Turkish Commercial Code and to the threshold values regarding independent audit. 
According to the Amendment, joint stock and limited liability companies that exceed the threshold values of at least two of the following criteria in two consecutive accounting periods are subject to independent audit without any sector limitations.
The Amendment entered into force on April 6, 2024, to be applied in accounting periods beginning on January 1, 2024, and thereafter. 


Before the Amendment

After the Amendment

Totak Assets (TL)

75 million and above

150 million

Annual Net Sales Revenue (TL)

150 million and above

300 million

Number of Employees

150 employees and above

150 employees

According to the Amendment, companies exceed at least two of the defined criteria in the years 2022 and 2023 will be subject to independent audit in 2024.


•    With the amendment made in the list numbered (I) from the annexes of the Resolution, media service providers regulated by the Radio and Television Supreme Council and companies licensed by the Energy Market Regulatory Authority are subject to independent audit. 

•    Payment institutions and electronic money institutions and their subsidiaries are also subject to independent audit.