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ARTICLE · 06 FEBRUARY 2024

Bill To Amend The Accountancy Sector Act

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Confidence in the accountant and the accountancy organization is under pressure, among other things, due to accounting scandals, information from supervisors and reports about the accountancy sector.

TurkeyAccounting and Audit
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Confidence in the accountant and the accountancy organization is under pressure, among other things, due to accounting scandals, information from supervisors and reports about the accountancy sector.

The Committee on the Future of the Accountancy Sector (hereinafter: Cta) has indicated in its research that quality improvement is necessary. The Cta has recommended a package of measures to improve the quality of statutory audits by accountants.

On December 14, 2023, the bill to amend the Accountancy Sector Act (see parliamentary documents in the House of Representatives, session year 2023-2024, number 36 484) was submitted to the House of Representatives. This bill aims to sustainably improve the quality of statutory audits by accountants as advised by Cta.

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