Public Oversight, Accounting and Auditing Standards AuthorityGovernment

The Public Oversight, Accounting and Auditing Standards Authority (Kamu Gözetimi, Muhasebe ve Denetim Standartları Kurumu - KGK) is an independent regulatory and public oversight body in the Republic of Turkey. Its mandate is to set and publish national accounting, auditing, and sustainability reporting standards in harmonization with international norms (IFRS/ISAs), license and register independent auditors, and perform quality assurance inspections on audit firms. Established on November 2, 2011, pursuant to Decree-Law No. 660, it was created as part of broad Turkish commercial code reforms to align national financial reporting and oversight with European Union regulatory requirements.