The effects of audit standards on the audit process and a research on independent audit companies in Turkey

The purpose of the independent audit is to obtain information about whether the financial statements reflect the truth, and to increase the confidence in the financial statements by ensuring transparency. As a result of the objective and independent audit, decision makers can make the right decisions. With worldwide scandals, errors and frauds in accounting and auditing, trust in auditing has decreased, and the need to objectively present whether the financial statements reflect the truth has arisen. The Public Oversight Authority (KGK), which was established on November 2, 2011 with the Decree-Law No. 660 (KHK), aims to create a reliable financial reporting and independent audit environment, and sets standards to ensure that financial reports are prepared and audited in accordance with international standards. Aiming to provide confidence in presenting accurate and impartial information to decision makers, KGK has established independent auditing standards to be applied in the audit of accounting periods that will start on or after January 1, 2013, in order to ensure unity in practice in independent auditing. In order for the independent audit process to proceed correctly, it must be carried out in accordance with independent auditing standards. The aim of this study is to determine the effect of independent auditing standards on the independent auditing process through the dominance of the auditor, and to draw attention to the results.