Independent auditing of corporations was enacted in the Turkish Commercial Code Law No. 6102 as the primary regulation.

This Monthly Update aims to provide a brief explanation regarding the Amending Communiqué and highlights the essential novelties introduced therein.

The law governing Turkish Insolvency procedures known as the Execution and Bankruptcy Law (the EBL) ("Icra Iflas Kanunu") has in previous years been amended twice and has introduced new procedures for ailing companies. In this article, we will take a look at these procedures.

So far, 2019 has seen less activity in terms of enforcement actions under the Foreign Corrupt Practices Act, compared to 2018.

The Capital Markets Board of Türkiye (the "CMB") published the Communiqué on Principles and Procedures on Management of Information Systems numbered VII-128.10 (the "Information Systems Communiqué").

The Public Oversight, Accounting and Auditing Standards Authority (the "POA") has circulated the Draft Regulation on Sustainability Audit (the "Draft Regulation")...

The Revenue Administration Presidency of Republic of Türkiye published the Tax Procedure Law ("TPL") Circular No. VUK-167/2024-5 ("Circular") titled "Extension of the Corporate Tax Return Filing Period" on 26 April 2024.

The Communiqué Amending the Communiqué on Independent Audit of Information Systems (III-62.2.b) ("Audit Communiqué") and the Communiqué on the Procedures and Principles...

The New Turkish Commercial Code ("New Code") has been enacted and will enter into force in July 2012. One of the major changes brought by the New Code regards mandatory independent audits of corporations.

The new TCC, which entered into force back in 2012, put an end to the old-style internal and external audit procedures of capital companies and introduced a whole new external audit system that exceeds certain thresholds.

In joint stock companies, the shareholders' right to demand information and review enables the shareholders to access information about the company's operations, economic and financial status...

Independent audit is the use of independent audit techniques envisaged by international audit standards, and the companies subject to independent audit are reported by auditing and evaluating...

In accordance with the Presidential Circular on Information and Communication Security Measures published on 6 July 2019, public institutions and businesses

The Regulation on Small and Medium Enterprises (the "Regulation") was published in the Official Gazette dated 25 May 2023 and entered into force on the same day.

Under Turkish laws, companies that are subject to independent audit are determined based on certain criteria set forth by the legislators...

The Communiqué on the Keeping of Commercial Books not related to the Accounting of the Business in Electronic Format (the "Communiqué"), prepared by the Ministry of Trade...

This Legal Alert seeks to provide information regarding the new data tracking system introduced by Central Bank of Turkey for monitoring the transactions of companies affecting their foreign currency position.

The Capital Markets Board ("CMB"), in its bulletin dated 9 October 2025, announced through a new resolution that the requirement for notarisation of board of directors' resolutions...

Foreign producers participating in a Turkish anti-dumping investigation must establish interested-party status, submit a reconciled questionnaire response and maintain confidential and verifiable evidence within the applicable period.

When I graduated from Istanbul University in 1995, perhaps the most popular profession in the School of Administration was independent auditing