| TÜRMOB | |
|---|---|
| Membership | Mandatory |
| No. of members | 115,907 (28 February 2020) |
| Institute staff | 525 (150 staffs in TURMOB building, including all Chambers’ staffs) |
| Date of establishment | 1989 |
| Local branches | 85 |
| Subject to public oversight | Yes |
| Involvement in Qualification and Market Access | TÜRMOB |
|---|---|
| Initial education | Yes |
| Examination | Yes |
| Approval and registration | Yes |
| Continued Professional Development | Yes |
| Activities | TÜRMOB |
|---|---|
| Standard setting | No |
| Quality assurance | Yes |
| Disciplinary measures | Yes |
| Professions | Certified Public Accountant | Sworn-in Certified Public Accountant (CPA) |
|---|---|---|
| Professional body | TÜRMOB | TÜRMOB |
| Protected title | Yes | Yes |
| Reserved activities | According to the Professional Law Numbered 3568: Subject of Profession ARTICLE 2. A) The subjects of the profession of Certified Public Accountancy comprise the following services rendered to enterprises and business concerns owned by real and legal persons: – To keep books; prepare the balance sheets, profit and loss statements, tax returns and other relevant documents in compliance with generally accepted accounting principles and the provisions of the relevant legislation. – To establish and improve accounting systems: to regulate administration, accounting, finance, financial legislation and to perform the jobs related to their applications and to provide advisory services in the related fields. – Based on the relevant documents on issues specified in the aforementioned paragraph, to perform investigations, analyses and audit, to present written opinions regarding financial statements and tax returns, to prepare reports and similar documents, to perform arbitration, expertise and similar services. | According to the Professional Law Numbered 3568: B) Subject of the profession of Sworn-in Certified Public Accountancy In addition to the duties specified in sub-paragraphs (b) and (c) of Paragraph (A) above, the subject of the profession of Sworn-in Certified Public Accountancy also includes the application of certification within the framework of the regulation to be promulgated in compliance with Article 12 of the Law. Sworn-in Certified Public Accountants cannot keep books related to accounting, cannot establish an accounting office and cannot become partners to the accounting offices already established. |
| Included authorisations | Comprises the authorization to provide (advisory) services on preparation tax return and financial statement, valuation, reporting, compilation, auditing, internal auditing, financial and business management | Comprises the authorization to provide (advisory) services on endorsement, valuation, reporting, compilation, auditing, internal auditing, financial and business management |
| Certified Public Accountant | Sworn-in CPA | |
|---|---|---|
| Regulated profession | Yes | Yes |
| Supervision | Yes | Yes |
| Public oversight authority | Ministry of Treasury and Finance | Ministry of Treasury and Finance |
| Certified Public Accountant | Sworn-in CPA | |
|---|---|---|
| General initial education steps (without possible exemptions) | – Bachelor’s degree in economics, law or business management – Pass the practical experience entrance exam – Complete a practical experience of minimum 3 years. – Pass a professional competence conducted by TÜRMOB – Those that have not had bachelor’s degree in economics, law or business management, should have master’s degree on these areas. | – At least 10 years of work experience as Certified Public Accountant – Pass a professional competence examination conducted by TÜRMOB |
| Certified Public Accountant | Sworn-in CPA | |
|---|---|---|
| No. of qualified professionals | 111,287 (March 2020) | 4,767 (March 2020) |
| No. of new trainees per year | Approx. 5,907 (the number of those who took practical experience exam in 2019: total 49,256) | Information not available |
| No. of people taking the professional examination | Approx. 18,351 (2019) | Approx. 2,030 (2019) |
| No. of people passing the professional examination | Approx. 5,579 (2019) | Approx. 160 (2019) |
| Certified Public Accountant | Sworn-in CPA | |
|---|---|---|
| Registration required | Yes | Yes |
| Competent authority for registration | TÜRMOB | TÜRMOB |
| Cost of appointment/registration | 3,395 Turkish Liras in 2020 | 2,640 Turkish Liras in 2020 |
| Oath required | No | Yes |
| Insurance required | Professional indemnity insurance (mandatory for audit profession) | Professional indemnity insurance (mandatory for audit profession) |
| Professional address required | Yes | Yes |