Özet:

(National Adoption of International Financial Reporting Standards: The Turkish Case) The purpose of the paper is to present developments and problems related to adoption of the International Financial Reporting Standards (The IFRS’s) in Turkey. For achieving the purpose the paper will (1) summarize international and national efforts for establishing and expanding the uniform implementation of accounting standards over the last 50 years; (2) review the history of approaches of the Turkish Accounting Profession to standard-setting and implementation through the recent economic development of the country; (3) speculate on the expected future developments and probable problems for adopting and implementing IFRS’s in Turkey; (4)offer suggestions and recommendations for facilitating national adoption and follow-up of implementation in Turkey. The history of the Accounting Profession in Turkey has interesting stages through the 85 years of the Turkish Republic since 1923. The profession has grown from insignificance to national and international recognition. Accounting education, training and implementation Legal recognition of the profession came on June 13, 1989 with the enaction of the Law No.3568 which established the Chambers and The Federation of Chambers (The TÜRMOB) The paper will try to summarize the above history of the profession. Given the above recent history of the Turkish Accounting Profession, a critical review of the present state and opportunities for future development of the profession in Turkey, will follow. There are indeed serious problems of the profession on training and educating thecandidates with the purpose of searching for remedies and possibilities for development of the Turkish profession in the Future. In addition, there are some problems of the IFRS’s as they are established by the process set by the founders. In the final section, the issues related to rules versus principles approaches and future educational necessities for the profession of the Future will be taken up. The High school and university educational programs will be reviewed for purposes of improving basic education on accounting standards. The paper will end up by recommendations and suggestions for the Turkish Accounting Profession of the Future.

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