Criteria for Determination of Companies Which Will Be Subject to Independent Audit Amended!

With the Council of Ministers Decision published in the Official Gazette dated 14.03.2014, "The Decision on Determination of Companies Which Will Be Subject to Independent Audit" dated 23.01.2013 has been amended. The Decision of Council of Ministers entered into force on the date of publication, 14.03.2014, to be effective as of 01.01.2014.

As a result of the amendments in the criteria applied, companies exceeding the limits of at least two out of three criteria consecutively in two fiscal periods will be subject to independent audit in the successive fiscal period.

Full text of the decision:

http://www.resmigazete.gov.tr/main.aspxhome=http://www.resmigazete.gov.tr/eskiler/2014/03/20140314.htm&main=http://www.resmigazete.gov.tr/eskiler/2014/03/20140314.htm