Expert Accountants' Association of Turkey

The Expert Accountants Association of Türkiye (EAAT) has no direct responsibility for establishing or operating the quality assurance (QA) review system in Türkiye. The Public Oversight, Accounting and Auditing Standards Authority (KGK) is responsible for establishing and overseeing the QA review system for statutory auditors and audit firms, while the Union of Chambers of Certified Public Accountants of Türkiye (TÜRMOB) conducts delegated reviews for certain non-public interest entity audits under KGK oversight. KGK has also adopted and published the relevant quality management standards, including ISQM 1 and ISQM 2.

EAAT uses its best endeavors by cooperating with TÜRMOB and KGK to support implementation of QA requirements. EAAT and TÜRMOB maintain a QA Taskforce through which the professional accountancy organizations support training programs, communicate with KGK, and disseminate implementation guidance to members. EAAT also reports that it supports the recruitment of members to serve as QA reviewers.

Based on its no-direct-authority role and continued cooperation with TÜRMOB and KGK to support member understanding and implementation of QA requirements, EAAT continues to Sustain its obligations under SMO 1.

Current Status: Sustain

The Expert Accountants Association of Türkiye (EAAT) has no direct responsibility for establishing statutory education requirements for the accountancy profession. Members of EAAT must first meet the education, examination, practical experience, and membership requirements established through the Union of Chambers of Certified Public Accountants of Türkiye (TÜRMOB). EAAT then applies additional requirements for admission to its Expert Accountant Certificate, including submission of a dissertation paper and an oral examination before its membership committee. The qualification is a professional distinction and does not confer statutory practicing rights.

EAAT supports implementation of International Education Standards (IES) by monitoring developments in international accountancy education, working with TÜRMOB and the Public Oversight, Accounting and Auditing Standards Authority (KGK), and maintaining its own continuing professional development requirements. EAAT members are required to complete 120 hours of continuing professional development annually, and EAAT offers a CPD calendar and monitors member compliance with applicable EAAT, TÜRMOB, and KGK requirements.

Based on its no-direct-authority role, additional qualification requirements, continuing professional development framework, and cooperation with national stakeholders on professional education matters, EAAT continues to Sustain its obligations under SMO 2.

Current Status: Sustain

The Expert Accountants Association of Türkiye (EAAT) has no direct authority for the adoption of auditing and assurance standards. Statutory Decree Law No. 660 authorizes the Public Oversight, Accounting and Auditing Standards Authority (KGK) to issue Turkish Auditing Standards in accordance with international standards. KGK has translated and implemented International Auditing and Assurance Standards Board pronouncements within the Turkish Auditing Standards framework.

EAAT uses its best endeavors by promoting convergence with International Standards on Auditing, supporting member implementation through training and educational activities, and linking members to KGK’s dedicated auditing standards resources. EAAT also supports the Union of Chambers of Certified Public Accountants of Türkiye (TÜRMOB) in translation activities, quality assurance implementation, and dissemination of implementation guidance, including resources for small and medium practices.

EAAT collaborates with academics and technical experts to publish articles on auditing and assurance topics, disseminate new and revised IAASB pronouncements, and obtain input on IAASB exposure drafts.

Based on its ongoing best-endeavors activities supporting implementation, education, translation, and participation in the international standard-setting process, EAAT continues to Sustain its obligations under SMO 3.

Current Status: Sustain

The Expert Accountants Association of Türkiye (EAAT) has no direct authority for the adoption of ethical requirements in Türkiye. Statutory Decree Law No. 660 authorizes the Public Oversight, Accounting and Auditing Standards Authority (KGK) to issue ethical standards for statutory auditors in accordance with international standards. KGK has issued the Bagimsiz Denetçiler Için Etik Kurallar, including independence standards, based on the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA).

EAAT members are also members of the Union of Chambers of Certified Public Accountants of Türkiye (TÜRMOB), which requires members to comply with ethical requirements and supports implementation of the IESBA Code through member guidance, case studies, professional education, and ethics-related resources. EAAT uses its best endeavors by providing members with access to ethics updates, training, website resources, and guidance, and by supporting member participation in the international standard-setting process through comments on IESBA exposure drafts.

EAAT continues to support awareness and implementation of ethical requirements through member guidance, training, and cooperation with TÜRMOB and relevant stakeholders. Based on its ongoing best-endeavors activities supporting implementation, education, awareness, and participation in the international standard-setting process, EAAT continues to Sustain its obligations under SMO 4.

Current Status: Sustain

The Expert Accountants Association of Türkiye (EAAT) has no direct authority for the adoption of public sector accounting standards in Türkiye. Public sector accounting requirements are established under Public Financial Management and Control Law No. 5018, which requires public accounting and reporting standards to be developed in accordance with international standards. Türkiye applies accrual-basis International Public Sector Accounting Standards (IPSAS) modified for the local context.

EAAT uses its best endeavors by participating in the work of the Public Accounting Standards Board of Türkiye and encouraging relevant authorities to consider International Public Sector Accounting Standards Board developments, including exposure drafts. EAAT also works with the Union of Chambers of Certified Public Accountants of Türkiye (TÜRMOB) to encourage relevant authorities to maintain an ongoing process for translating the most recent IPSAS into Turkish in accordance with IFAC translation policy as part of the national standard-setting process.

Based on its no-direct-authority role and ongoing engagement with TÜRMOB, the Public Accounting Standards Board of Türkiye, and relevant authorities to support public sector accounting standard-setting and translation, EAAT is assessed as Sustain for SMO 5.

Current Status: Sustain

The Expert Accountants Association of Türkiye (EAAT) has no direct statutory authority for investigation and discipline (I&D) in the jurisdiction. All EAAT members are also members of the Union of Chambers of Certified Public Accountants of Türkiye (TÜRMOB) and are therefore subject to TÜRMOB’s I&D system established under Professional Law No. 3568 and the Disciplinary Regulation. Members who are statutory auditors may also be subject to enforcement actions by the Public Oversight, Accounting and Auditing Standards Authority (KGK) relating to audit oversight matters.

EAAT maintains a Disciplinary Board for its members, which primarily functions to apply sanctions and disciplinary outcomes consistent with those issued through TÜRMOB’s legally established disciplinary framework. EAAT’s disciplinary processes are therefore closely connected to the broader national I&D system applicable to professional accountants in Türkiye.

EAAT supports implementation and member awareness through promotion of TÜRMOB workshops, dissemination of information on disciplinary requirements, and member guidance relating to professional and ethical obligations. EAAT also completed a self-assessment of its I&D procedures against Statement of Membership Obligations 6 requirements and identified remaining gaps, including the absence of an independent review process for complaints where no follow-up is established and the absence of regular reviews of implementation and effectiveness.

EAAT continues to support operation of the national I&D framework through coordination with TÜRMOB and member awareness activities. However, as identified gaps against SMO 6 requirements remain, EAAT continues to be assessed at Review & Improve.

EAAT is encouraged to continue working with TÜRMOB and KGK to address the remaining gaps identified through its self-assessment, including mechanisms for independent review of complaints and regular reviews of system effectiveness.

Current Status: Review & Improve

The Expert Accountants Association of Türkiye (EAAT) has no direct authority for the adoption of corporate reporting standards in Türkiye. The Public Oversight, Accounting and Auditing Standards Authority (KGK) is responsible for setting corporate reporting and sustainability reporting standards. KGK requires Turkish Financial Reporting Standards (TFRS), which are fully aligned with IFRS Accounting Standards as issued by the International Accounting Standards Board, for public interest entities. Other entities may apply TFRS voluntarily or apply the Financial Reporting Standard for Large and Medium Sized Entities (BOBI FRS) issued by KGK.

KGK has also adopted Türkiye Sustainability Reporting Standards (TSRS), including TSRS 1 and TSRS 2, based on IFRS S1 and IFRS S2 issued by the International Sustainability Standards Board, with mandatory application for specified entities from reporting periods beginning on or after January 1, 2024.

EAAT uses its best endeavors by supporting the Union of Chambers of Certified Public Accountants of Türkiye (TÜRMOB) in IFRS translation processes, participating in the international standard-setting process through comments on International Accounting Standards Board exposure drafts, and providing members with access to guidance and resources on TFRS and related reporting developments. EAAT also supports implementation through education, examination, and continuing professional development activities that incorporate new and revised TFRS.

EAAT continues to support awareness and implementation of financial reporting and sustainability reporting requirements through member guidance, training, and cooperation with TÜRMOB and relevant stakeholders. Based on its no-direct-authority role and ongoing best-endeavors activities, EAAT continues to Sustain its obligations under SMO 7.

Current Status: Sustain