Auditors, special auditors, their assistants and representatives are obliged to conduct their audit in an honest and unbiased way and not to disclose company confidential information. Auditors cannot use, without permission, any information regarding the business of the audited company. Those who breach this obligation deliberately or by negligence may be responsible to the company in cases where the audited company may incur any losses as a result. If the losses are caused by more than one person, they are collectively liable for such losses.
For each audit, the compensation for the damages due to negligence may amount up to one hundred thousand Turkish Liras with respect to unlisted companies and up to three hundred thousand Turkish Liras for the listed companies for auditors. This limitation is applied when (a) more than one persons are engaged in the audit (b) more than one action that have occurred result in the responsibilities and (c) some of the persons engaged have acted deliberately.
This compensation obligation cannot be cancelled or limited by a contract.
