What is Independent Audit?
An independent audit is an independent opinion on whether your financial statements are presented fairly. Shareholders, investors, lenders and regulators make decisions on the strength of that opinion, so the quality of the audit reflects directly on your company's reputation.
At ARSEN, every audit is led by one of the founding partners. We support our risk-based methodology with data analytics and strengthen fieldwork with analyses run over the entire transaction population. The result: smaller samples, sharper findings and a management letter that genuinely adds value for management.
What does our Independent Audit work include?
- Audits of financial statements prepared under TAS/TFRS or the BOBİ FRS by companies subject to independent audit under Turkish Commercial Code No. 6102
- Audits of CMB-regulated companies (listed on Borsa Istanbul or planning an IPO) and of entities subject to BRSA, insurance and EMRA regulation
- Audits of financial statements prepared under IFRS and US GAAP, in accordance with International Standards on Auditing
- Audits of reporting packages to foreign parent companies under group audit instructions
- Limited reviews of interim financial statements
- Audit and internal control testing for companies within the scope of Sarbanes-Oxley (SOX)
- Coordination of consolidated financial statement and subsidiary audits
Proposal request
Get a tailored proposal for Independent Audit
Share the scope in a few lines and we will send you our team, timeline and fee proposal in writing. Free of charge and non-binding.
- Under founding-partner supervision
- Member of the SFAI international network
- Written, transparent proposal
or call: +90 212 951 02 47
How do we work?
- Acceptance and independenceFirst months of the year under auditIndependence and client acceptance assessment; agreeing the engagement letter and timetable together.
- Planning and risk analysis2–3 months before year endWe set materiality and focus areas by understanding your business, your control environment and the risks of your industry.
- FieldworkInterim audit during the year, year-end work after the closeControls testing, data analytics and substantive procedures. Findings are shared immediately, not held back.
- Quality review and reportingFinal weeks before the report dateIndependent engagement quality review, the independent auditor's report and the management letter.
Who needs Independent Audit?
- All companies subject to independent audit
- Listed companies and companies preparing for an IPO
- Banks, financial institutions, insurers and energy companies
- Turkish subsidiaries of international groups
Which standards is Independent Audit based on?
Frequently asked questions about Independent Audit
Is my company subject to independent audit?
As a general rule, companies that exceed at least two of the total assets, net sales and headcount thresholds in two consecutive financial years are subject to audit; some industries have separate thresholds or a mandatory audit regardless of size. You can check right away with our audit requirement test.
When should the auditor be appointed?
The auditor is elected by the general assembly within the financial year to be audited, and in any case before the end of the fourth month of that year, and is registered with the trade registry. Early appointment allows year-end procedures such as planning and stock counts to be carried out on time.
How long does an audit take?
It depends on the size of the company, the number of subsidiaries and the maturity of its closing process. By separating the interim audit from year-end fieldwork, we reduce the pressure on the reporting date.
How can I get a proposal for Independent Audit?
Share your company and needs via the proposal form and we will send our scope, team, timeline and fee proposal in writing. Phone: +90 212 951 02 47.
Related insights
- Appointing and Registering the Independent Auditor: TCC Article 399 Step by StepOctober 22, 2026
- Preparing for an Independent Audit: 15 Documents Management Should PrepareOctober 22, 2026
- Criteria for Mandatory Independent Audit under the Turkish Commercial Code – 2026March 17, 2026
Last updated: October 22, 2026