An Analysis and evaluation of international auditing standards viewpoint of Turkish practice

This study which is prepared to contribute to the development of Turkish Auditing Standards and which is titled "An Analysis And Evaluation Of International Auditing Standards From The Viewpoint Of Turkish Practice" consists of four chapters. In the first chapter, an attempt is made to determine the framework of the auditing concept. In this chapter titled "The Main Concepts", starting with the definition of auditing, various concept of auditing are examined in their historical progress. In second chapter, auditing practice under The Law of Independent Accuantancy, Indepedent Account Financial Advisorship and Sworn-in Financial Adisorship-No:3568 is studied. Since auditing practice according to this law consist basicly of compliance auditing, in this chapter the duty of attestion given to sworn-in financial advisor is emphasized. Furthermore, contribution of this law to auditing standards is searched. Independent auditing practices according to the Capital Market Law No:2499 are covered in the third chapter. The current conditions of standards of auditing according to this law which determines the main framework of independent auditing in Turkey are covered here. The fourth chapter is assigned for the International Standartds on Auditing. This section, covering standards issued by IF AC, is the main subject of this study. International Standards have been summarized as far as possible in this chapter, which includes all 35 standards on auditing issued by IF AC. In additon, each standard has been compared with its counterpart in Turkey in order to bring forth the defiencies in Turkish practice. A general evaluation of this study is presented on the conclusion section and it was concluded that by using international standards on auditing we would be using the same language with all international organizations and this would be result in an international confidence to Turkish Enterprises. This situation could provide unlimited advantages in a world that has been turning into a single market rapidly. XIV