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ARTICLE · 05 OCTOBER 2017

Turkey Amends Requirements And Limits For Independent Auditors From Start Of 2019

Moroglu Arseven
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Turkey's Public Oversight, Accounting and Audit Standards Authority ("Authority") has amended rules and requirements for independent auditors from 1 January 2019.

TurkeyAccounting and Audit
E. Benan Arseven
E. Benan Arseven
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Turkey's Public Oversight, Accounting and Audit Standards Authority ("Authority") has amended rules and requirements for independent auditors from 1 January 2019. The changes apply to suspension criteria and limitations, as well as deadlines for auditors to deliver audit reports and notify the Authority about terminating audit agreements.

The Regulation Amending the Regulation on Independent Audit Standards ("Amendment Regulation") was published in Official Gazette number 30130 on 21 July 2017.

Under the changes, independent auditors who carry out audit activities under their own names are now referred to as "independent auditors who undertake independent audits" ("Independent Auditors").

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