General threshold values of independent audit have been updated
The KGK announcement announced the general audit thresholds for accounting periods starting in 2026 and later.
The Public Oversight Authority announced the change in decision regarding the determination of companies subject to independent audit. For companies subject to general criteria, total assets were stated as 500 million TL, annual net sales revenue was 1 billion TL and the number of employees was 150 people.
The announcement explains that this change will be taken as the basis for audit scope evaluation for accounting periods starting in 2026 and later. Since there may be different scopes and criteria for companies included in special lists, the general table should not be applied to each company alone.
When evaluating the audit liability, companies should not only look at the amount on the last balance sheet. The period, calculation and coverage provisions of the decision and the subsidiary and affiliate relations should be examined together; The result should be documented specifically for the company.
Automatic translation. If in doubt, review the Turkish text and the official source.