Abstract:

The complexity of economic activities and the diversity of financial instruments have made it difficult to understand the financial structure of companies. As a result, the need for independent external control has increased and the control has become more important. Independent inspection is carried out in accordance with international standards under the Turkish Trade Act No. 6102. In this context, Public Supervision, Accounting and Audit Standards Authority KGK publishes the Turkish Audit Standards in accordance with international audit standards. Identification and assessment of the risks of "important errors" by recognizing the business and the environment with the title 315 Independent Audit Standards BDS and the obligation to recognize the business and the environment brought to the auditor in this framework the measurement and assessment of the financial performance of the company is one of the areas necessary for the auditor to get the point of view. The importance of the measurement and assessment of financial performance in the study in terms of independent external audit was studied through an independent auditor survey. The results of the survey showed the importance of independent auditors to the issue of financial performance. There were also statistically significant differences in the importance of some recommendations between responsible independent auditors and independent auditors.

Abstract:

Complexification of business activities and diversification of financial instruments have made it difficult to understand the financial situations of firms. As a result, the need for independent external audits has increased and independent audit has become more important.Conducting independent auditing in compliance with international standards is regulated by the Turkish Commercial Code No.6102. In this context, Public Oversight Accounting and Auditing Standards Authority POA publishes the Auditing Standards of Turkey, which are consistent with the international standards. The Independent Standards on Auditing ISA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment imposes obligations on the auditor for understanding the entity and its environment, and within this framework, financial performance assessment is defined as a subject on which auditors have to form an opinion. In this study, importance of financial performance assessment in terms of independent audit is examined through a survey conducted with independent auditors. The results of the study prove the importance of financial performance assessment in terms of independent auditing, and reveal statistical differences between auditors and cap auditors in relation to some propositions.

Keywords: