Abstract:

The BDS 701 Key Audit Subjects (KDK) standard, published by the Public Supervisory Authority in 2017, is intended to provide a different dimension to the auditors’ reports, while the auditors’ responsibility is also regulated within this standard. The aim of the KDK is to increase the communication value by providing accountability and transparency of the auditors’ reports. It is important to identify the specific KDK for each business during the audit planning process. When assessed from the investor’s point of view, the KDK will contribute to the increase in the level of transparency of reports while it will lead to a decrease in the level of confidence of reports and the responsibility of the auditor will also increase. In this study, we tried to identify how key audit issues were determined in the framework of BDS 701 Key Audit issues and the issues and possible effects that the auditor should emphasize in the report.