Independent audit and model of auditing in Turkey

Well-accepted audit in global markets and multinational companies is the independent auditing, performed in accordance with generally accepted accounting principles and auditing standards. In this context, significant studies regarding independent auditing has been conducted, and there has been continues works to be done both in international arena and in Turkey. In this thesis, relations of accounting and auditing, general features of auditing, objective of independent auditing, its importance and acquired interests as well as how the process of auditing functions were in details addressed. At the following phases of the thesis; advancement of independent auditing internationally and the studies for the harmonization of accounting and auditing standards were specified. However, advancement of independent auditing in Turkey, process of establishing institutions of auditing and accounting standards in Turkey are listed. Moreover, activities on compliance with international auditing and accounting standards were discussed. At the implementation phase of thesis, the financial statements from January 1, 2013 to December 31, 2013 of a manufacturing company active in Turkey and the independent auditors' report were used. The independent auditor has expressed a favorable opinion at the audit report and indicated that process of manufacturing company`s audit report and significant accounting policies in the financial statements were conducted within the scope Accounting Standards of Turkey and Independent Audit Standards. Key Words: Auditing, Independent Auditing ,Standarts of Accounting