Union of Chambers of Certified Public Accountants of Turkey

The Union of Chambers of Certified Public Accountants of Türkiye (TÜRMOB) has shared responsibility for quality assurance (QA). 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 under Statutory Decree Law No. 660. KGK’s functions include authorizing and registering auditors and audit firms, monitoring their activities within the QA framework, conducting inspections, and applying enforcement measures.

TÜRMOB conducts delegated QA reviews for certain non-public interest entity audits under KGK oversight and supports members through guidance, professional education, and training on audit quality and quality management. KGK has adopted and published the relevant quality management standards, including ISQM 1 and ISQM 2, as part of the Turkish Auditing Standards framework.

The QA review system is operational for all statutory audits, with inspections conducted at least every three years for audit firms auditing public interest entities and at least every six years for other audit firms. TÜRMOB continues to support implementation through member guidance and training. Based on its delegated responsibilities and ongoing member support activities, TÜRMOB continues to Sustain its obligations under SMO 1.

Current Status: Sustain

The Union of Chambers of Certified Public Accountants of Türkiye (TÜRMOB) has shared responsibility for the adoption and implementation of International Education Standards (IES) alongside universities, the Turkish Higher Education Council, the Public Oversight, Accounting and Auditing Standards Authority (KGK), and other relevant authorities. TÜRMOB is responsible for administering the Certified Public Accountant and Sworn-in Certified Public Accountant qualification processes, including examinations, practical experience requirements, and continuing professional development obligations.

TÜRMOB completed a comprehensive assessment of the national accountancy education framework against the revised 2019 IES and confirmed alignment with the standards. Continuing professional development requirements remain aligned with revised IES 7 through the requirement for members to complete at least 120 hours of continuing professional development over a rolling three-year period.

TÜRMOB continues to support implementation of education requirements through professional training, examination preparation programs, continuing professional development activities, publications, and web-based learning programs. Recent activities include the launch of sustainability-related education initiatives, including a Sustainability Expertise Training curriculum and an asynchronous corporate sustainability reporting education program developed in 2024 to support professional accountants in implementing emerging sustainability reporting requirements. TÜRMOB also communicates updates to educational and professional requirements through its member publications and professional guidance channels.

Based on its ongoing responsibilities for professional education, continuing professional development, and support for implementation of education requirements, TÜRMOB continues to Sustain its obligations under SMO 2.

Current Status: Sustain

The Union of Chambers of Certified Public Accountants of Türkiye (TÜRMOB) has shared responsibility for supporting the adoption and implementation of international 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, including auditing, review, other assurance, related services, and quality management standards. KGK’s Turkish Auditing Standards framework is based on International Auditing and Assurance Standards Board pronouncements and is required for statutory audits.

TÜRMOB supports implementation by communicating Turkish Auditing Standards and International Standards on Auditing to members, incorporating auditing standards into initial and continuing professional development programs, and providing training, seminars, technical publications, and web-based learning activities. TÜRMOB also collaborates with academics and technical experts to raise awareness of auditing and assurance developments and to support member understanding of new and revised standards.

In addition, TÜRMOB participates in the international standard-setting process by obtaining technical input and providing comments on exposure drafts issued by the International Auditing and Assurance Standards Board.

Based on its ongoing support for implementation, professional education, member training, technical guidance, and participation in the international standard-setting process, TÜRMOB continues to Sustain its obligations under SMO 3.

Current Status: Sustain

The Union of Chambers of Certified Public Accountants of Türkiye (TÜRMOB) has shared responsibility for supporting the adoption and implementation of ethical requirements. 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).

TÜRMOB requires Certified Public Accountants and Sworn-in Certified Public Accountants to comply with ethical requirements and supports implementation through member guidance, articles, Turkish-language resources, professional education, examinations, training programs, and ethics-focused activities. TÜRMOB also maintains dedicated IESBA Code materials on its website and supports member awareness of ethical decision-making through practical case-based resources.

TÜRMOB also supports participation in the international standard-setting process by soliciting input on IESBA exposure drafts and communicating relevant developments to members.

Based on its ongoing support for implementation of ethical requirements through education, guidance, awareness activities, and participation in the international standard-setting process, TÜRMOB continues to Sustain its obligations under SMO 4.

Current Status: Sustain

The Union of Chambers of Certified Public Accountants of Türkiye (TÜRMOB) has no direct responsibility for the adoption of public sector accounting standards. 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.

TÜRMOB 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. TÜRMOB also works with relevant stakeholders to support translation of IPSAS into Turkish in accordance with IFAC translation policy.

TÜRMOB continues to support awareness of public sector accounting developments through engagement with the standard-setting process and relevant national authorities. Based on its no-direct-authority role and ongoing best-endeavors activities, TÜRMOB continues to Sustain its obligations under SMO 5.

Current Status: Sustain

The Union of Chambers of Certified Public Accountants of Türkiye (TÜRMOB) has shared responsibility for investigation and discipline (I&D) in the jurisdiction. TÜRMOB operates an I&D system for Certified Public Accountants and Sworn-in Certified Public Accountants under Professional Law No. 3568 and the Disciplinary Regulation. The framework provides for disciplinary proceedings and sanctions for breaches of professional and ethical obligations.

The Public Oversight, Accounting and Auditing Standards Authority (KGK) has enforcement authority over statutory auditors and audit firms under Statutory Decree Law No. 660 and may impose sanctions arising from audit oversight and inspection findings. KGK’s enforcement authority is focused on audit-related conduct, while TÜRMOB remains responsible for disciplinary matters involving its members more broadly.

TÜRMOB supports members through workshops, guidance, publications, online resources, and information on disciplinary requirements, misconduct, sanctions, and appeal rights. TÜRMOB has also reported initiatives to strengthen monitoring of disciplinary investigations through digitization, which should support more efficient case tracking and member access to case information.

The I&D framework is operational; however, the current legal framework does not allow non-professional accountants to sit on the TÜRMOB Disciplinary Committee, and the system would benefit from more formal timeframe targets for case resolution. Accordingly, TÜRMOB is assessed at Review & Improve for SMO 6.

TÜRMOB is encouraged to continue advocating for legal or regulatory amendments to permit appropriate public representation in disciplinary decision-making and to establish formal timeframe targets for investigation and disciplinary proceedings.

Current Status: Review & Improve

The Union of Chambers of Certified Public Accountants of Türkiye (TÜRMOB) has shared responsibility for supporting the adoption and implementation of IFRS Accounting Standards and IFRS Sustainability Disclosure Standards. The Public Oversight, Accounting and Auditing Standards Authority (KGK) is responsible for setting corporate reporting and sustainability reporting standards in Türkiye. KGK publishes Turkish Financial Reporting Standards (TFRS), which are in full compliance with IFRS Accounting Standards as issued by the International Accounting Standards Board, and continuously updates TFRS based on new and amended IFRS Accounting Standards.

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.

TÜRMOB supports implementation by contributing to IFRS translation processes, participating in the international standard-setting process through comments on International Accounting Standards Board exposure drafts, and updating initial and continuing professional development curricula to reflect new and revised TFRS. TÜRMOB also supports members through training, technical publications, academic collaboration, and web-based resources on financial reporting standards.

TÜRMOB has expanded its support for sustainability reporting implementation. In 2024, it developed a Sustainability Expertise Training curriculum and an asynchronous corporate sustainability reporting education program to support professional accountants in applying emerging corporate sustainability reporting requirements.

Based on its ongoing activities to support implementation of accounting and sustainability reporting standards, translation, education, and participation in the standard-setting process, TÜRMOB continues to Sustain its obligations under SMO 7.

Current Status: Sustain