Transactional auditor in the Commercial Code with the Number 6102

The expansion of the enterprises, increasing competition, development of money and capital markets due to the economic reasons in the World have forced the interest groups to take different economic decisions. The core point of the interest groups on decision making is reliable and correct information. Therefore the necessity of performing audit on the operations of the enterprise emerges. The most import component that requires the performance of an audit is the need for determining whether the financial information are correct and reliable or not. It is possible to mention many factors which may put obstacle on the reliability of the financial information. An audit to be made by an independent auditor for increasing the level of reliability of the information and his opinions to be declared in relation to this audit is important.Independent auditing in our County is performed in limited numbers under the capital markets regulations and provisions of the legislation of the banking regulation and supervision agency. Additionally, tax auditing which is not compulsory is performed in limited numbers under the law with the number 3568.In accordance with the article 397 of The New Commercial Code ?The financial statements of a joint stock company and group of companies shall be audited in accordance with Turkish Auditing Standards which are in compliance with international auditing standards. ? The new law considers the audit aspect as an area of specialty and seeks some qualifications in the persons and institutions that shall perform the audit. Besides, the Turkish Commercial Code classifies the auditors in three groups as, the independent auditor, transactional auditor and special auditor.This study addresses the transactional auditor who has a new area of application in the Turkish Commercial Code with the number 6102. The study starts from the general audit theory and evaluates the reforms in the corporate law brought by the inurement of the Turkish Commercial Code with the number 6102 and tries to explain who are eligible for being transactional auditor, the audits to be performed according to the Turkish Commercial Code with the number 6102 with their duties and responsibilities.