Audit committees role for an effective internal audit which is in the frame of corporate governance and a research on firms which are among the first 100 in İstanbul stock exchange

The accountancy scandals at big companies open to society, mistakes and tricks at the financial tables, business failures and illegal activities, caused a questioning of the financial reports, and the auditing period. As a result of these lived and paid for experiences, it is understood that it has vital importance that the companies should have corporate governance to maintain the corporate position and its prestige. In the application of corporate governance that is the insurance of the corporate?s being, there is the efficient supervision of auditing committee and the role and responsibilities of internal audit. If the corporate governance and internal audit roles are evaluated; risk management of companies and corporates, providing an independent and neutral assurance related with internal audit and corporate governance process and counseling activities are called as ?internal audit? and the expressions ; corporate governance, internal audit and auditing committee are seen as inseparable expressions staying together in realizing activities. An efficient corporate governance needs an efficient internal audit. The success of internal audit depends on the construction of the auditing committee and its neutral functioning. This committee is responsible for the job definition, inside corporate relations, authority and responsibilities, the processes, evaluating of the resources and the internal audit functions. In our work it is tried to introduce the corporate governance principles, the role of internal audit in corporate governance, and the efficiency of auditing committee term which is one of the main elements where the corporate governance and internal audit are in relation and to determine in view of structure and function, the state of the auditing committee established around the corporate governance of the corporations whose shares are among the ?stanbul Stock Exchange first 100 list, and also to determine whether the auditing committee has an effect on the efficiency of internal audit.