Comparison of conventi̇onal banks and participation banks in terms of audit

Banks are centuries- old organizations that have influenced a large part of the society. Depends on the institutionalized and growing structure of banks, audit needs have arisen in order to perform their activities effectively and efficiently. In Turkey, banks are grouped into 3 groups that are commercial banks, participations banks and development and investments banks. In this study, similarities and differecenses of commercial banks and interest-free participation banks, in the term of audit are examined by comparing these banks. Firstly with emphasizing banking sector and definition, elements, types of audit, in terms of internal and external audit similar and different aspects of participation and conventional banks toward legislation has been mentioned in a comparative perspective. Subsequently, information was given about institutions which set standards for auditing compliance with Islamic finance principles in the world and standards published in the sense of audit were stated. In order to serve as an example, evaluation of models, scope and studies on compliance auditing with Islamic financial principles in Malaysia is included.