Importance of the independent externel audit in the context of international financial reporting standards and a model of implementation in an enterprise engaged in logistical affairs.

Today, the concept of auditing has gained gradually uprising importance even in enterprises designed by social groups. As reflected upon organizational theories, enterprises started to be more like an organic structure as well. Activities of accounting, that is one of the most important branches of Business Administration, have witnessed an evolution parallel to such developments. As a natural consequence of this process, auditing activities got more sophisticated, gained more organic formation and became how they are today. As a matter of fact, improvements in the field of auditing are dizzying in terms of both higher diversity and persistently advancing momentum. Though the term of auditing embraces auditing of all type of activities, in today?s world-considering enterprises- it usually evokes the concept of financial auditing first. Evolving principally through stabilizing and standardizing disordered structure of accounting, financial auditing which is considered to be controlling accounting and financial activities has obtained its modern formation thanks to more mature standards that were revised and advanced on the basis of needs and necessities. In such standards, the ones pertaining to accounting reside on the pioneering stage. As a result of both local and VII international developments displayed by accounting standards, International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) were born, which placed the auditing concept in a completely different scheme and therefore are elaborated in detail at this study. It is possible to specify various types of financial auditing. At this point, accounting based auditing and independent external auditing concepts are on the scope of this study. Fundamental concepts regarding Independent Auditing, evolution of External Auditing, assessment of independent auditing from various points of standards, underlying the essence of independent auditing in the context of International Accounting Standards (IAS), regulatory studies conducted by Capital Markets Board of Turkey in an effort to comply with International Financial Reporting Standards (IFRS), how independent auditing activities are held in the framework of such regulations as well as standards and finally how independent auditing reports are handled are all the main focus points of this thesis at hand. Key Words: 1) Audit, 2) Independent Auditing, 3) International Financial Reporting Standards (IFRS), 4) International Accounting Standards (IAS), 5) International Reporting.