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Changes to Turkey's Rules on Independent Financial Audits — Orbitax Tax News & Alerts

Turkey has changed its rules on when a company is required to have an independent financial audit. Companies that meet any two of the following three conditions are subject to the requirement for financial audit:

  • Total assets of TRY 75 million or more
  • Annual net sales revenue of TRY 150 million or more

  • 250 employees or more