Abstract:

In our study, the effectiveness of public oversight activities has been evaluated from the perspective of auditors. There is no field study addressing auditors working in auditing companies subject to public oversight. The oversight activities carried out by the Public Oversight Accounting and Auditing Standards Authority (KGK) have been discussed with the variables of competence of the oversight team, time and resource availability and not restricting the right to defense. The research presents that the independent auditors are indecisive about the three determined variables. When the variables are compared with the demographic characteristics of the researchers; it has been revealed that the time and resources allocated for supervision do not differ in terms of the professional title of the independent auditor, the fact that independent auditors have the PIE audit certificate does not change the competency perception regarding the KGK oversight team and that the opinions of independent audit firms on not restricting the right to defense do not differ according to the professional title. Moreover, it has been found that there is a significant and positive relationship between the time and resources allocated for KGK oversight activities and the competence of the oversight team.

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