Özet:

According to the Capital Markets Board (CMB) regulations, public companies have formed audit committees since 2003. During the periods following the CMB, Banking Regulation and Supervision Agency laid down some amendments for the establishment of the committee in the financial sector. Therefore, the concept of “audit committee” took its place in the literature of auditing in our country. The functions of the audit committee are as follows: to assist management, to enable accurate financial reports by monitoring the process of financial reporting, to protect the interests of the shareholders by preventing the probable faults and frauds and management failures, to facilitate independent external and internal audit committees by monitoring them. It is expected that establishing audit committees for public companies in Turkey will boost the efficiency of internal auditing. In the study, the roles of the audit committee, which has been formed and run in the last four years, on the efficiency of internal auditing were analysed. In the study, carried out at Istanbul Stock Exchange, it was concluded that the committee had partially provided the efficiency of internal audit. No relation was found between the duration of activity and the rate of publicity of the companies and the level of efficiency of internal audit the committee had achieved. With regard to one of the question asked to accomplish the efficiency of internal audit- “To what extent was the audit committee able to achieve the budget targets?”, it was concluded that there was a difference between the sectors and this difference resulted from the fiscal and service sectors

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