Certain amendments were made to the “Decree on Determination of Companies Subject to Independent Audit” dated 29 November 2022 and numbered 6434 (“Decree No. 6434”) as published in the Official Gazette dated 6 April 2024 and numbered 8313 with the “Decree on Amendments to the Decree on Determination of Companies Subject to Independent Audit”. The amendments made with this decree shall enter into force on the date of publication and shall apply for the fiscal period of the companies commencing on 01.01.2024 and thereafter.
New Thresholds
Article 3/(1)(b)(3) of the Decree No. 6434 regulating the companies subject to independent audit, has been amended and the threshold values for companies that are not within the scope of subparagraphs (1) and (2) of Article 3/(1)(b) is amended as follows;
| Previous Threshold Value | New Threshold Value | |
| Total Assets | 75 Million TL | 150 Million TL |
| Annual Net Sales Revenue | 150 Million TL | 300 Million TL |
The number of employees remained unchanged as 150.
Amendments to Schedules (I) and (II)
Schedules (I) and (II) were amended, and the scope was expanded by moving some companies previously included in Schedule (II) to Schedule (I) or by new additions. Thus, the list of companies that will be subject to independent audit without being subject to any criteria has expanded. The companies included within the scope of Schedule (I) are as follows:
- Companies holding a license, certificate or authorisation certificate from the Energy Market Regulatory Authority and operating under and subject to independent audit pursuant to the regulations of the said Authority.
- Payment institutions and electronic money institutions subject to the regulations and supervision of the Central Bank of the Republic of Türkiye pursuant to the Law on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions dated 20.06.2013 and numbered 6493.
- State economic enterprises and their subsidiaries operating within the scope of the Decree Law on State Economic Enterprises dated 8.6.1984 and numbered 233.
- Media service provider organizations that have the right to broadcast on-demand on the internet that are among the companies subject to the regulations and supervision of the Radio and Television Supreme Council pursuant to the Law on the Establishment and Broadcasting Services of Radio and Television.
- Media service providers holding at least two of the following rights and licenses that are among the companies subject to the regulations and supervision of the Radio and Television Supreme Council pursuant to the Law on the Establishment and Broadcasting Services of Radio and Television;
– The right to broadcast national television in terrestrial environment
– Satellite television broadcasting license
– Cable television broadcasting license for more than one province
Accordingly, Schedule (II) is narrowed.
The final version of the Schedule (II) is as follows:
- Except for call center companies, companies subject to the regulations and supervision of the Information and Communication Technologies Authority within the scope of the Electronic Signature Law No. 5070 dated 15.01.2004, Electronic Communication Law No. 5809 dated 05.11.2008, Postal Services Law No. 6475 dated 09.05.2013 and Article 1525 of the Law No. 6102.
- Subsidiaries of TMSF and companies whose audit and management have been taken over by the TMSF within the scope of the abolished Banking Law No. 4389 and Law No. 5411, except for subsidiaries and companies that are inactive or whose activities have been temporarily suspended or cancelled (including those whose necessary amendments to the articles of association and similar procedures have not yet been carried out).
- Companies with at least 50% of their capital belonging to municipalities.