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DOI :10.26650/MED.2019591382   IUP :10.26650/MED.2019591382    Full Text (PDF)

Audit Quality in Turkey on the Basis of KGK Inspection Reports

Turgay Sakı̇n

Audit quality is an important research topic in accounting literature. However, though its importance there is not a common definition for audit quality. Audit quality research was made by employing audit quality proxies. If audit quality is defined on the grounds of material misstatement detection and performing audit engagement in accordance with auditing standards, relevant reliable data about audit quality can be obtained from auditors’ working papers. Even though those working papers are not open to the public, regulatory and supervisory institutions, governing the accountancy, inspect the working papers and report their findings. Inspection reports prepared by the Public Company Oversight Board (PCAOB) of the USA are highly used in audit quality research. Also in Turkey, the Public Oversight Accounting and Auditing Standards Board (KGK) inspects auditors’ files and reports their findings. Although reported findings directly do not present net facts on audit quality in Turkey, it is a significant indicator. In this paper 2016 and 2017 annual inspection reports of KGK are evaluated by comparing with PCAOB inspection reports. In 2016 and 2017, the ratio of auditing firms in Turkey subjected to inspections were %11 and %24. Fraud, responses against risks, documentation, and materiality were the common deficiencies found in these inspections. 

Keywords: KGK inspection reports, Audit quality, Inspection report
DOI :10.26650/MED.2019591382   IUP :10.26650/MED.2019591382    Full Text (PDF)

KGK İnceleme Raporları Çerçevesinde Türkiye’de Denetim Kalitesi

Turgay Sakı̇n

Denetim kalitesi muhasebe literatüründe önemli bir araştırma konusudur. Ancak konunun önemine karşın denetim kalitesi kavramının ortak bir tanımı yoktur. Denetim kalitesi çalışmaları denetim kalitesi göstergeleri kullanılarak yapılmaktadır. Denetim kalitesini önemli yanlışlıkların tespiti ve denetim çalışmalarının denetim standartlarına uygun yapılması temelinde tanımlanırsa bu konudaki geçerli ve güvenilir bilgi denetçilerin çalışma kâğıtlarındadır. Bu çalışma kâğıtları kamuya açık olmasa da muhasebe ile ilgili düzenleme ve gözetim faaliyetlerinde bulunan kurumlar bunları incelemekte ve sonuçları raporlamaktadır. ABD’de Public Company Oversight Board’un (PCAOB) inceleme raporları denetim kalitesine yönelik çalışmalarda kullanılmaktadır. Türkiye’de de Kamu Gözetimi Muhasebe ve Denetim Standartları Kurumu (KGK) tarafından denetçi dosyaları incelenmekte ve inceleme sonuçları raporlanmaktadır. Raporlanan sonuçlar direkt olarak Türkiye’deki denetim kalitesine ilişkin net bilgiler sunmasa da önemli bir göstergedir. Bu çalışmada KGK’nın 2016 ve 2017 yıllık inceleme raporları PCAOB inceleme raporları ile karşılaştırılarak değerlendirilmiştir. Türkiye’de, 2016 ve 2017 yıllarında incelemeye konu olan denetim şirketlerinin oranları %11 ve %24’tür. Bu incelemelerde hile, risklere karşı yapılacak işler, belgelendirme ve önemlilik konularında ortak eksiklikler tespit edilmiştir. 

Keywords: KGK inceleme raporu, Denetim kalitesi, İnceleme raporu

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APA

Sakı̇n, T. (2019). Audit Quality in Turkey on the Basis of KGK Inspection Reports. Journal of Accounting Institute, 0(61), 25-33. https://doi.org/10.26650/MED.2019591382


AMA

Sakı̇n T. Audit Quality in Turkey on the Basis of KGK Inspection Reports. Journal of Accounting Institute. 2019;0(61):25-33. https://doi.org/10.26650/MED.2019591382


ABNT

Sakı̇n, T. Audit Quality in Turkey on the Basis of KGK Inspection Reports. Journal of Accounting Institute, [Publisher Location], v. 0, n. 61, p. 25-33, 2019.


Chicago: Author-Date Style

Sakı̇n, Turgay,. 2019. “Audit Quality in Turkey on the Basis of KGK Inspection Reports.” Journal of Accounting Institute 0, no. 61: 25-33. https://doi.org/10.26650/MED.2019591382


Chicago: Humanities Style

Sakı̇n, Turgay,. “Audit Quality in Turkey on the Basis of KGK Inspection Reports.” Journal of Accounting Institute 0, no. 61 (Nov. 2024): 25-33. https://doi.org/10.26650/MED.2019591382


Harvard: Australian Style

Sakı̇n, T 2019, 'Audit Quality in Turkey on the Basis of KGK Inspection Reports', Journal of Accounting Institute, vol. 0, no. 61, pp. 25-33, viewed 23 Nov. 2024, https://doi.org/10.26650/MED.2019591382


Harvard: Author-Date Style

Sakı̇n, T. (2019) ‘Audit Quality in Turkey on the Basis of KGK Inspection Reports’, Journal of Accounting Institute, 0(61), pp. 25-33. https://doi.org/10.26650/MED.2019591382 (23 Nov. 2024).


MLA

Sakı̇n, Turgay,. “Audit Quality in Turkey on the Basis of KGK Inspection Reports.” Journal of Accounting Institute, vol. 0, no. 61, 2019, pp. 25-33. [Database Container], https://doi.org/10.26650/MED.2019591382


Vancouver

Sakı̇n T. Audit Quality in Turkey on the Basis of KGK Inspection Reports. Journal of Accounting Institute [Internet]. 23 Nov. 2024 [cited 23 Nov. 2024];0(61):25-33. Available from: https://doi.org/10.26650/MED.2019591382 doi: 10.26650/MED.2019591382


ISNAD

Sakı̇n, Turgay. “Audit Quality in Turkey on the Basis of KGK Inspection Reports”. Journal of Accounting Institute 0/61 (Nov. 2024): 25-33. https://doi.org/10.26650/MED.2019591382



TIMELINE


Submitted12.07.2019
Accepted23.07.2019
Published Online27.08.2019

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