The effect of fees on the independence of audits

This study aims to determine the effect of fees on independent audit. Nowadays, according to the Independent Audit criteria of the Turkish Commercial Code, general criteria for auditing has been decreased every year. With the fall of these criteria, the demand for independent audit has increased. Worldwide, Independent Auditing is an undeniable fact that has existed for more than a century. With this increasing demand, the relationship of level and determination method of fees and independence of the independent audit were started to be questioned together with this request. However, the accounting scandals at the beginning of the 2000s shook the trust in auditing and made auditor independence questionable. In this context, this study tried to determine the relationship of independence of the Independent Audit and its effect on the fee issue. In this context, the aim, scope and importance of the research are stated in the first chapters of the study. In the second part, the concept of audit, the concept of fee, general standards and definitions are explained. In the third part, the concept of independence, which constitutes a significant part of the study, is addressed to the factors that affect it and the factors related with fees that threaten the independence of the auditor. In the fourth section the impact on operating and market conditions in Turkey were examined. In the conclusion part, a questionnaire was conducted with independent auditors in various positions in line with the purpose and goal of the study. As a result of the research, it was determined that auditing has so many factors that affect the relationship of fees and independence of the independent audit. It has been determined that independent audit cannot be independent of the fee factor and there are many other factors besides fees.