Evaluation of the effectiveness of the public oversight accounting and auditing standards authority in independent auditing: TRC 1 region application

At the beginning of 2000s, when we look back in recent history, accounting scandals of some important companies around the world have changed the perspective of auditing. As a result of the scandals, the idea of auditing supervision has become important. These scandals related to the accounting audit together the trust in the audit. In order to reassure this trust, legal regulations were made in many countries, mainly in the United States. In Turkey; Public Oversight, Accounting and Auditing Standards Authority (POA) was established with the Decree Law No. 660 on the Organization and Duties of Public Oversight, Accounting and Auditing Standards Authority, published in the Official Paper dated 02.11.2011 and numbered 28103. public oversight for inspection. With the establishment of KGK, public oversight, accounting standards, auditing standards, the duties and authorities of the auditing institutions have been taken under the single roof and have been transformed into the only authorized institution. The purpose of the study, the views and opinions of the Independent Accountant and Financial Advisor (CPA) and Certified Public Accountants (CA), who have obtained the independent auditor's certificate of their work on independent auditor who the role and functioning of the UPS in its operations, is to investigate the auditing transparency of auditors, auditor independence and the factors affecting the quality of audit. Keywords: Independent Audit, Auditor Transparency, Auditor Independence, Quality of Audit, Public Oversight Authority.