Establishment of enterprise risk management system in preparation for independent auditing process: The model proposal for manufacturing enterpri̇ses

Enterprise risk management requires that the risk management effectiveness regarding the financial statements being applied throughout the organization is determined with reasonable assurance through independent auditors, the system is set up and independent auditors provide consultancy services during the implementation phase. In this context, the main purpose of the thesis is to contribute to the independent audit-oriented enterprise risk management system by developing a model proposal for companies in the manufacturing sector that will be subject to independent audit or to be prepared for the first time in parallel with the independent audit process. The target audience of the study; operating in Turkey, which is subject to independent audit or independent audit to be prepared for the first time the manufacturing industry constitutes enterprises. In developing the model proposal; verbal model method was used within the scope of qualitative research. Verbal models verbally describe the real system or processes. In such models, components and relationships are defined by words. In verbal models, verifications can only be achieved with approximate qualitative statements. The developed model is a general application proposal and has a quality that can be used in manufacturing industry enterprises. Enterprise risk management models; may vary according to the structure, needs, operational processes, goals, product and service variety of businesses. In this study, the necessary theoretical and practical components were identified and investigations were carried out in manufacturing industry enterprises to realize the best corporate risk management practices focused on independent auditing. As a result of the researches, the model proposal was developed by determining seven main stages, which are advisory, and 60 sub-stages belonging to these main stages for the establishment of an independent audit-oriented enterprise risk management system. Detailed explanations were made for the main and sub-stages of the developed model and suggestions were made.