Abstract:

The effect of the Covid-19 epidemic (SARS-CoV-19), which occurred in the People's Republic of China's Vuhan state in December 2019 and then spread rapidly around the world, on social life, on the economies of the countries and on the activities of, is very seriously felt. Covid-19 affects the independent audit processes of independent controlled enterprises, as it affects many areas. The aim of this study is to contribute to the activities of the audit professionals who continue the independent audit activity in the process in which we are, by discussing the independent audit process and the potential effects on the independent audit report, which is the outcome of this process. Method - The existing and potential effects, the independent audit process and the requirements of the Independent Audit Standards (BDS) have been evaluated and examined in the independent audit reports published on the websites www.kap.org.tr and www.spk.gov.tr of the independent audit companies, and the study of how the effects of the Covid-19 epidemic are included. For this purpose, a documentation scan method, which is one of the quality research methods in social sciences, has been used. All audit reports published on the review date (04.06.2020) (81 reports) have been taken and examined as the main mass. Results - In consideration of the existing and potential effects, the Covid-19 epidemic appears to have significant effects on the independent audit process and independent auditors should take these effects into consideration when planning the audit process and preparing the audit report. Discussions - The infection has a significant impact on the planning and conduct of the inspection, the collection of physical evidence and the independent inspection process. Therefore, independent auditors should plan the audit process in a suitable approach to this situation in order to reduce the audit risk and reflect these effects in the report when preparing the audit report.

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