Internal Audit Requirements
"What internal audit requirements apply to Turkish companies?"
Quick Answer
Public companies and regulated entities require internal audit functions. Recent amendments expanded the scope of independent audit requirements for non-public companies based on turnover thresholds.
Scope and Legal Distinctions
Internal audit evaluates controls within the business; it differs from statutory independent financial audit. Scope and reporting lines should support oversight without concealing conflicts.
What to Check in Practice
Keep the risk-based plan, findings, management responses and remediation evidence; escalate unresolved issues to the appropriate corporate body.
Sources & Authorities
Statutory framework and official guidance for this definition.
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