Abstract:

The Turkish Commerce Code No: 6102 that came into force on July 2012, brings various changes in trade life. The TCC No: 6102 is an important regulation on behalf of the corporate governance, establishing public confidence, continuity, enhancing the competitiveness and transparency in business. In this contex, a new regulation will change the Turkish independent audit system as well. From the 2013, even as an starting point, a part of the nonpublicly traded stock companies will be subjected to independent audit. It is supposed that, this new regulations will contribute to business’s corporate governance duration. It is hoped that, in the future it’s scope will be expanded as well. In this frame, the TCC, new regulations in independent audit and effects on corporate governance particularly in family firms is placed

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