IDEAS home Printed from https://ideas.repec.org/a/ris/buecrj/0034.html
   My bibliography  Save this article

Audit and Oversight of Audit in terms of Commerce Law of Turkey

Author

Listed:
  • Gencoglu, Umit Gucenme

    (Faculty of Economics and Business Administration, Department of Business Administration, Uludag University, Bursa, Turkey)

  • Isseveroglu, Gulsun

    (Mustafakemalpasa Vocational School, Uludag University, Bursa, Turkey,)

  • Ertan, Yasemin

    (Faculty of Economics and Business Administration, Department of Business Administration, Uludag University, Bursa, Turkey)

Abstract

While the rapid change brought by globalization of the economic life are enhancing world-wide the need for reliable and transparence information, the preparation of financial statement according to these two factors depends on establishing a unity between reporting standards and auditing applied around the world. Since 2005, stock market companies have started mandatory application of Turkish Accounting Standards (TASs), which is published in accordance with the International Financial Reporting Standards (IFRSs). Banking Regulation and Supervision Agency (BRSA) and Capital Markets Board (CMB) have taken very significant steps towards implementation of independent audit. A new Draft Turkish Commerce Law (TCL), as a replacement of the current TCL, has been prepared and it is now underway of becoming law. Moreover, according to draft TCL, Turkish Audit and Assurance Standards Board should be established. All of these developments perform with the object of secure transition from a tax oriented auditing view point to economic auditing point. The current study aims to reveal the development and current condition of auditing in Turkey and what have done in terms of keep up with international development.

Suggested Citation

  • Gencoglu, Umit Gucenme & Isseveroglu, Gulsun & Ertan, Yasemin, 2011. "Audit and Oversight of Audit in terms of Commerce Law of Turkey," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 2(1), pages 109-109, January.
    • Handle: RePEc:ris:buecrj:0034
    as

    Download full text from publisher

    File URL: http://www.berjournal.com/?p=862
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Audit; Oversight of audit; Draft Turkish Commerce Law; International Audit Standards; Turkish Accounting Standards; Corporate governance;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

    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:ris:buecrj:0034. 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: Adem Anbar (email available below). General contact details of provider: https://edirc.repec.org/data/iiulutr.html .

    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.