Journal of Accounting Institute

SUBMITINFORMATION
EnglishTürkçe

Research Article


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

PDF View

References

  • Abbott, L.J., Gunny, K.A., Zhang, T.C. (2013), When the PCAOB Talks, Who Listens? Evidence from Stakeholder Reaction to GAAP-Deficient PCAOB Inspection Reports of Small Auditors, Auditing: A Journal of Practice & Theory, 32(2), 1-31 google scholar
  • Abernathy, J.L, Barnes, M, Stefaniak, C. (2013), Summary of 10 Years of PCAOB Research: What Have We Learned?, Journal of Accounting Literature, 32, 30–60 google scholar
  • Carcello, J.V., Hollingsworth, C., Mastrolia, S.A. (2011), The Effect of PCAOB Inspections on Big 4 Audit Quality, Research in Accounting Regulation 23, 85–96 google scholar
  • Church, B.K., Shefchik, L.B. (2012), PCAOB Inspections and Large Accounting Firms, Accounting Horizons, 26(1), 43-63 google scholar
  • DeFonda, M.L., Lennox, C.S. (2011), The Effect of SOX on Small Auditor Exits and Audit Quality, Journal of Accounting and Economics, 52, 21–40 google scholar
  • Francis, J. R. (2004), What do We Know About Audit Quality?, The British Accounting Review, 36, 345-368 google scholar
  • Kesimli, İ.G., Çalıyurt, K.T. (2018), Kamu Gözetimi Denetimleri ve Yaptırımları: Türkiye–ABD Karşılaştırması, Muhasebe ve Vergi Uygulamaları Dergisi, Nisan 2018 Özel Sayı, 636-660 google scholar
  • KGK, (2013), KGK 2013 Yılı Faaliyet Raporu google scholar
  • KGK, (2016), Yıllık İnceleme Raporu 2016 google scholar
  • KGK, (2017), Yıllık İnceleme Raporu 2017 google scholar
  • KGK, (2018), KGK 2018 Yılı Faaliyet Raporu google scholar
  • Lennox, C., Pittman, J. (2010), Auditing the Auditors: Evidence on the Recent Reforms to the External Monitoring of Audit Firms, Journal of Accounting and Economics, 49, 84–103 google scholar
  • Löhlein, L. (2016), From Peer Review to PCAOB Inspections: Regulating for Audit Quality in the U.S., Journal of Accounting Literature, 36, 28–47 google scholar
  • PCAOB, (2018), Staff Preview of 2018 Inspection Observations google scholar
  • PCAOB, (2017), 2017 PCAOB Annual Report google scholar
  • Şenyiğit, B., Zeytinoğlu, E. (2014), Zorunlu Denetçi Rotasyonunun Denetim Kalitesi Üzerindeki Etkileri: Literatür Araştırması, İ. Ü. İşletme Fakültesi İşletme İktisadı Enstitüsü Yönetim Dergisi, 77, 79-98 google scholar

Citations

Copy and paste a formatted citation or use one of the options to export in your chosen format


EXPORT



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 (Dec. 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 Dec. 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 Dec. 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 Dec. 2024 [cited 23 Dec. 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 (Dec. 2024): 25-33. https://doi.org/10.26650/MED.2019591382



TIMELINE


Submitted12.07.2019
Accepted23.07.2019
Published Online27.08.2019

LICENCE


Attribution-NonCommercial (CC BY-NC)

This license lets others remix, tweak, and build upon your work non-commercially, and although their new works must also acknowledge you and be non-commercial, they don’t have to license their derivative works on the same terms.


SHARE




Istanbul University Press aims to contribute to the dissemination of ever growing scientific knowledge through publication of high quality scientific journals and books in accordance with the international publishing standards and ethics. Istanbul University Press follows an open access, non-commercial, scholarly publishing.