Abstract:

General Regulations Concerning the Accounting Profession within the Scope of the new Turkish Commercial Code Within the framework of European Union Adjustment Law, about fifty-five years old Turkish Commercial Code has been replaced by the new Turkish Commercial Code which is accepted on January 13, 2011 and published in the Official Journal of Turkish Republic on February 14, 2011. In the new Turkish Commercial Code, new regualations concering accounting profession, especially about the formation and principles of accounting records, financial reporting and independent auditing. With the Turkish Commercial Code, Turkish Accounting Standards Board is authorized as the only institution for financial reporting, accounting practices and publishing relevant standards in Turkey. New Turkish Commercial Code Regulations, concerning the accounting profession of which the effective date is on January 1, 2013, are examined in this study within this scope.

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