A research on the role of the Public Oversight, Accounting and Auditing Standards Authority (KGK) and the effects of changes in accounting practices on accounting and auditing professionals

Accounting scandals and company bankruptcies in the USA and the EU negatively affected Investors' confidence in financial statements and independent audit. Regulatory authorities in the USA and EU have worked to regain financial statements and audit and to prevent the repetition of this loss of confidence, the establishment of public oversight institutions that will supervise audit firms has come to the agenda. In our country, the Public Oversight Authority was established in 2011. In the study, the development process of the accounting profession and auditing in the world and then in Turkey was mentioned, and then information was given about the role of public oversight authorities. In the research section, a questionnaire was presented to the public accountants and independent auditors, who are the professions that are very affected by the activities of KGK ( Public Oversight and Auditing Standarts Authority) in our country. The aim of the research is to reveal the effects of the role of the Public Oversight Authority and the effects of changes in accounting practices on public accountants and independent auditors . Findings obtained from the analysis were interpreted.