Abstract
FINANCIAL REPORTING ON TURKISH COMMERCIAL CODE
The financial statements prepared by the companies and the arrangements related to their presentation are made by the Public Oversight, Accounting and Auditing Standards Institution in accordance with the Turkish Commercial Code numbered 6102. The Institution publishes the Turkish Accounting and Financial Reporting Standards, which are the translations of the International Accounting and Financial Reporting Standards for use in financial reporting, and also shares with the public the updates related to these standards. In addition, the institution plans to put into effect the final version of the Local Financial Reporting Framework, which it has presented as draft. However, it also foresees the use of the current General Communique on Accounting System Application in certain situations. Regarding which of these regulations will be followed, it has generally been divided into "companies subject to independent examination" and "companies not subject to independent examination". In this study, it is aimed to show which companies will be subject to which regulations.
Keywords
Financial Reporting, Turkish Accounting and Financial Reporting Standards, Local Financial Reporting
