Abstract:

Reliability of the financial data of the commercial enterprises is of utmost importance to the indivuduals and institutions having interest in the activities of the enterprise to reach accurate information. Contemporarily, reliability of the financial data of the enterprises is secured and confirmed by the reports of the independent auditors. In this study, the reasons leading to the enlargement of the area of implementation of independent audit, which has gained considerable use with the enaction of the new Turkish Commercial Code, the financial reports and charts which are subject to independent audit and the enterprises to be considered in the framework of independent audit are analyzed. In the conclusion of this study, it is shown that instead of centralization of the authority regarding the independent audit within a single public institution, these authorities have been divided among a number of public institutions as it was the case in the past

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