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Independent Audit · May 9, 2022

Does a Company Become Subject to Audit Because Its Parent, Subsidiary or Associate Is Subject to Audit?

A company that does not meet the conditions of the Decision on the Determination of Companies Subject to Independent Audit does not become subject to audit merely because its parent, subsidiary or associate is.

A company that does not meet the conditions for being subject to audit under the Decision on the Determination of Companies Subject to Independent Audit (the Decision) does not become subject to audit merely because its parent, subsidiary or associate is subject to audit under the Decision. However, this does not remove the group auditor's obligations regarding the audit of the consolidated financial statements under Turkish Commercial Code No. 6102 and the Turkish Standards on Auditing.

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