A research on reasons for emerging aspects of independent audit: Example of BIST manufacturing

Aims of this study are making a literature review about audit, fraud and error, determining justification of opinions given through examination of audit reports related to manufacturing industry enterprises dealt in Borsa Istanbul except positive opinion and eliciting the most common errors. In the literature part of the study, concepts such as auditing, auditor, auditor opinion, independent auditing standards, error and fraud are explained in detail. In the research part of the study, 179 Manufacturing Industry Enterprises dealt in Borsa Istanbul were chosen. Audit reports of these companies prepared in 2014, 2015 and 2016 were obtained from Public Disclosure Platform. Companies that have been given a positive opinion by the independent auditors every three years are not explained and only the company names are given. Justifications are given for opinions regarding companies except positive opinions. Based on the opinions expressed by the independent auditors, the most common errors have been identified.