Quality and ethics in audit independently from the perspective of independent audit firms

With globalization, international capital movements have accelerated, and as a result, multinational companies have started to carry out their activities in different geographies. However, the audit profession has gained importance and the financial statements of international companies have been submitted to their stakeholders after being audited by independent audit firms. Errors, cheats, manipulations and creative accounting practices that may occur in the financial statements have been tried to be prevented by auditing.The recent major crises in international companies have revealed that the financial statements are not audited at the desired level and that the independent audit companies do not fully perform their activities. Many legal regulations have been implemented in order to audit the activities of audit firms, especially in America, Europe and developed countries. In our country, the Public Oversight Authority has taken many measures to audit the activities of audit firms. Transparency reports can be expressed as an important development in this direction so that audit firms can perform their audit activities in a quality manner. In this study, the transparency reports published by the audit firms operating in Turkey between the years 2013-2019 are discussed, and the shareholding structure, financial information, services they provide and customer portfolios are examined and compared and its effect on audit quality is discussed.