The role and benefit of independent auiting report on stakeholders

The most accepted auditing around the world is auditing of accounts which is held according to generally accepted accounting principles and standards, moreover it has also financial statements. Independent external audit is highly important in terms of determining the accuracy and the reliability of the financial statements of the companies. Additional to harmony and expansion period that are existing in structure of Europe Union, the trend and inclination towards to global accounting and auditing standards has made supplying primal priority to the international accounting and auditing standards, independent auditing as well. Besides, it's a considerable improvement harmonization both of global and sectoral (governmental and private sector). On the other hand, independent audit report is the consequence of auditing process and it is a major instrument of communication between auditor and financial statements user. The reliability and usefull of the auditor's report is sometimes called into question, the validity of the information it contains for users when they making decisions. On the other hand, usefulness of the independent audit report is that users of audit reports consider the information provided in the auditor's opinion as useful and important when making decisions, both regarding their. Aim of this thesis is to point out importance of independent audit, necessities to it for the financal statment users , and advancements brought by new Turkish Commercial Code. Keywords: Auditor, Audit, Independent Audit, Turkish Commercial Code.