The role and efficiency of independent auditing in struggle with informal economy in Turkey

Independent external audit means that, the business of economic and commercial activities within the business entering and leaving, or business in which the value of their movements in the forms or documents correctly reflected out and reflect their accounting records it right whether or not relayed, profit or loss properly calculated and not calculated financial statements of business that the accounting period and the future then reflect a correct reflection of economic structure and ensuring control.At the present day, independent external audit has become a huge need for companies and it was emerged in all countries at the different times. Independent external audit practices in the development process varies between countries. Independent external audit has emerged in England, firstly. In Turkey, independent external audit has emerged in 1987.Informal economy, no connect any documents or content that does not reflect the reality of economic activities carried out outside of the state information.Informal economy is emerged as an international fact corresponds to the beginning of the 1980s. The main purpose of the definitional problems relating to the concept of the informal economy to reach a general principle of the first international conference was held in Bielefeld in Germany in 1983. Used to describe quite different from each other at a conference and could not reach a consensus by the participants, but some common points shared by all participants was formed. All of these, informal economy constitute an important part of the world economy and international accounts in terms of the danger is that the integrity of the system.Independent external auditing system, which raises the most important events in 2001, the USA is one of the largest energy company Enron's bankruptcy is like. Enron wants to bankrupt the USA in many aspects of economic and legal fields have started to be interrogated.All this happened the existence of an effective independent external audit was made compulsory. Taxpayers and tax administration may rely on an independent external audit that the various issues arising in substantially eliminating the problem is clear.