Audit in Turkey

An audit in Turkey is an independent review of a company’s financial statements by an auditor authorised for that work. The Ministry of Trade states that independent audit applies to capital companies in certain areas and to those that meet at least two thresholds among total assets, annual net sales revenue and number of employees. Many small companies owned from abroad stay below them, while others need an audit because they cross them, because a bank or investor asks for audited figures, or because the parent’s group auditor needs a local review. An audit is a separate engagement from bookkeeping, and the auditor is normally independent of the firm that keeps the books.

Firms offering audit in Turkey

Ozbek CPA

Accounting firm · Boutique firm

Istanbul

  • Company formation
  • Accounting and bookkeeping
  • Tax compliance
  • +6 more

Languages: English · Turkish

View profile of Ozbek CPA

BDO Turkey

Accounting firm · International network

Ankara

  • Company formation
  • Accounting and bookkeeping
  • Tax compliance
  • +4 more

Languages: Turkish · English

View profile of BDO Turkey

21 more firms offering audit in Turkey

Checking an auditor before you engage one

Ask first whether your company falls within the scope of mandatory audit, and on which figures that assessment rests. If it does, ask which authorisation the firm holds for statutory audits, who signs the report and when the fieldwork takes place. Some firms state an independent audit authorisation from KGK, the public oversight authority, so ask to see it. If the audit is for your group, ask whether the firm reports under the standards your parent uses and to the group’s timetable.

Firms on Accountanty

Accountanty lists 45 firms in Turkey that offer audit: 43 accounting firms, a law firm and a corporate service provider. Thirty-four are small, seven part of large networks and four medium-sized, and 28 have a foreign-client focus. English is offered by 32 and German by seven. Construction, technology and startups are each named by four, and mining by three. Istanbul has 27 and Ankara 14. The auditor starts from your closed books, so see also accounting in Turkey.

Frequently asked questions

Does every company in Turkey need an audit?

No. The duty depends on size, activity and legal form, and the scope is set by official criteria that are revised from time to time. A firm can check your figures against the current criteria before the year end.

Can the same Turkish firm keep my books and audit them?

An auditor has to be independent of the accounts it reviews, so the books and the audit normally go to different firms or at least separate teams. Ask each firm how it handles this if you use it for both.

Other services in Turkey

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General information, not legal or tax advice. Rules, rates and fees change: check them with the official sources linked on this page or with a qualified adviser before you act.