Statutory audits

Our experience makes the difference

The accounting and reporting standards for statutory financial statements in Turkey have continuously evolved over the last few years. Even middle market companies are now in a position to adapt to Turkish Accounting and Financial Reporting Standards (“TAS/TFRS”), which are consistent with international standards, or Financial Reporting Standards for Large and Medium-sized Entities (“LMSE FRS”), which are consistent with international practices.

PwC Turkey has broad experience in all types of audits required by local and foreign regulatory authorities, including, but not limited to, the following:

• Public Oversight, Accounting and Auditing Standards Authority of Turkey
• Capital Markets Board of Turkey
• Banking Regulation and Supervision Agency of Turkey
• Energy Market Regulatory Authority of Turkey
• Ministry of Treasury and Finance of the Republic of Turkey
• Ministry of Trade of the Republic of Turkey (i.e., audits related to the Turquality legislation)
• The Central Bank of the Republic of Turkey (i.e., audits related to the legislation for monitoring transactions impacting foreign currency position)
• Public Company Accounting Oversight Board (United States)
• Financial Reporting Council (United Kingdom)