They are based on identifying, evaluating and addressing threats, and contain stricter provisions for public interest entities regarding certain non-audit services and fee dependency.
Source: KGK, IESBA Etik Kurallar
Related terms
Auditor independenceThe auditor being free of relationships and interests that could affect their objectivity, and being perceived as such by third parties.Public interest entityEntities considered to be of public interest because of their business, size or number of stakeholders, and subject to stricter audit rules.Public Oversight Authority (POA)The public authority in Turkey that sets accounting and auditing standards and authorises and oversees independent auditors and audit firms.Adverse opinionThe opinion in which the auditor states that the financial statements are not presented fairly, where misstatements are both material and pervasive.Agreed-upon proceduresAn engagement in which the practitioner performs procedures agreed with the entity and, where relevant, a third party, and reports only the findings without providing assurance.Analytical proceduresThe evaluation of financial information through analysis of plausible relationships among financial and non-financial data.
Last updated: November 8, 2026 · This definition is for general information only.