The evaluation of the convergence process of the local accounting implementations with TAS / TFRS in accordance to certified public accounts' and tax audit professions' opinions: An implementation in İzmir province

The compliance issues which exist between the local accounting implementations in our country and the Turkish Accounting and Reporting Standards are believed to be resolvable with the start of the convergence process. The objective of the research is the determination of the views of tax audit professionals and certified public accountants, who provide control and financial audit of financial reports prepared for the determination of tax base, on compliance issues between local accounting implementations and the standards and the determination of the factors that cause the differences between local accounting implementations and the standards and the provision of suggestions for resolution. A survey has been conducted using a new scale developed for tax audit professionals and certified public accountants for this purpose and the data obtained has been evaluated. The question for the research has been evaluated with a discussion held with the President of İzmir Certified Public Accountants Chamber. Upon conclusion of the survey it has been determined that the effect of differences in the target audience, transparency and auditing differences and the differences on evaluation measures on comparability in regard to the objective of providing financial information, affects the convergence of the local accounting implementations and standards. In addition, in regard to the participants' view that the local accounting implementations are incompatible with TAS/TFRS and that they need to be harmonized, it has been determined that the factors which affect the local accounting implementations' convergence with TAS/TFRS have been affecting these opinions. It has been observed that there was not any meaningful difference in the participants' education status and their level of keeping up with the recent developments in tax legislation in regard to all the factors that affect the convergence of the local accounting legislation and TAS/TFRS, however a meaningful difference has been observed in terms of age and occupational titles. As a result of the discussion, the importance of comparability of the information in financial reports produced with other countries' has become evident. The necessity of convergence of the tax based financial tables with the standards has been emphasized.