AN AUDIT GAP PROBLEMATIC IN TURKEY: THE ROLE OF TURKISH COURT OF ACCOUNT FOR SEMI-PUBLIC COMPANIES
Soner Gokten
Pagini: 230-244
Publicat: 28 Aug 2016
Vizualizări: 2,285
Descărcări: 330
Rezumat: The Turkish Court of Account (TCA) shall audit Public administrations Law no 6085. In this sense companies that use public source subject to audit by TCA while others, which can be expressed as private companies, are subject to independent external audit in accordance with the law no 6102, the New Turkish Commercial Code. However, in 14th of January 2016, with the change in law clause of 6085, TCA has become directly responsible for auditing of companies that more than 50% of their capital directly or indirectly owned by the public sector. For the others, which have public share less than %50 and subject to independent external audit, TCA could only present an opinion to assembly by using independent audit reports. Therefore, current legislative regulation can cause unconformity on objectives of auditing and an audit gap for some companies. This paper aims to discuss these issues and offer suggestions to prevent possible problems.
Cuvinte cheie: audit, public companies, turkish court of account
Citează acest articol: Soner Gokten. AN AUDIT GAP PROBLEMATIC IN TURKEY: THE ROLE OF TURKISH COURT OF ACCOUNT FOR SEMI-PUBLIC COMPANIES. Journal of International Scientific Publications: Economy & Business 10, 230-244 (2016). https://www.scientific-publications.net/en/article/1001235/
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