Audit quality and rotation:perception in Turkey

Independent auditors conducting audits of financial statements minimize the risk of information and increase the reliability of the financial statements. Investors, lenders, and all other users of the financial statements make the most accurate decision through these statements believed to be reliable. In order to achieve all these results, it is necessary to perform the most accurate and high quality inspection. The independence of the auditor is one of the most important indicators of quality in auditing. Audit firm rotation is claimed to be one of the indicators of independence in auditing. For this reason, various studies have been conducted in national and international fields about the effect of rotation on inspection and different findings have been reached. The purpose of this study is to measure the perception of audit rotation on the quality of audit and to present recommendations to the regulatory authorities for the purpose of the audit. In order to measure the effect of independent audit rotation on perceived audit quality, data were collected with the participation of private and public sector banks, credit allocation units, credit analysis units and project credits allocation departments and the results were analyzed.