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Independent Audit · May 9, 2022

Does a Change in Legal Form Affect a Company's Audit Obligation?

Article 180 of Turkish Commercial Code No. 6102 provides: "A company may change its legal form. The company converted into the new form is the continuation of the former one."

Article 180 of Turkish Commercial Code No. 6102 provides that "A company may change its legal form. The company converted into the new form is the continuation of the former one." Since a company that changes its legal form is the continuation of the former company, a change in the legal form of a company subject to audit does not affect its obligation to be independently audited.

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