IDEAS home Printed from https://ideas.repec.org/a/isp/journl/v10y2016i1p230-244.html
   My bibliography  Save this article

An Audit Gap Problematic In Turkey: The Role Of Turkish Court Of Account For Semi-Public Companies

Author

Listed:
  • Soner Gokten

Abstract

The Turkish Court of Account (TCA) shall audit Public administrations Law no 6085. In this sense companies that use public source subject to audit by TCA while others, which can be expressed as private companies, are subject to independent external audit in accordance with the law no 6102, the New Turkish Commercial Code. However, in 14th of January 2016, with the change in law clause of 6085, TCA has become directly responsible for auditing of companies that more than 50% of their capital directly or indirectly owned by the public sector. For the others, which have public share less than %50 and subject to independent external audit, TCA could only present an opinion to assembly by using independent audit reports. Therefore, current legislative regulation can cause unconformity on objectives of auditing and an audit gap for some companies. This paper aims to discuss these issues and offer suggestions to prevent possible problems.

Suggested Citation

  • Soner Gokten, 2016. "An Audit Gap Problematic In Turkey: The Role Of Turkish Court Of Account For Semi-Public Companies," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 10(1), pages 230-244.
    • Handle: RePEc:isp:journl:v:10:y:2016:i:1:p:230-244
    as

    Download full text from publisher

    File URL: https://www.scientific-publications.net/get/1000019/1472362868465993.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    audit; public companies; turkish court of account;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:isp:journl:v:10:y:2016:i:1:p:230-244. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Svetoslav Ivanov (email available below). General contact details of provider: https://www.scientific-publications.net/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.