Independent Audit Process And Phases On Corporations

I. INDEPENDENT AUDITING ON CORPORATIONS

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

Within this scope, under article 398 of Law No. 6102, independent auditing of corporations

shall be conducted in such a way as to establish whether

• Financial statements of the corporation and the annual activity report of the board of directors,
• Consolidated financial statements of the group of companies and the annual activity report of the board of directors

are in conformity with the information obtained by the auditor during the audit.

It is stated on the ground of article that this audit does not include tax audit, but that it will help and support tax audit.¹