Preparation of Non-listed Companies for External Auditing: Policy Recommendations for Turkish SMEs towards New Turkish Commercial Code

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Atıf İçin Kopyala

DALKILIÇ A. F., Ibis C., Hikmet N.

INTERNATIONAL JOURNAL OF CONTEMPORARY ECONOMICS AND ADMINISTRATIVE SCIENCES, cilt.2, sa.1, ss.22-37, 2012 (ESCI)

• Yayın Türü: Makale / Tam Makale
• Cilt numarası: 2 Sayı: 1
• Basım Tarihi: 2012
• Dergi Adı: INTERNATIONAL JOURNAL OF CONTEMPORARY ECONOMICS AND ADMINISTRATIVE SCIENCES
• Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI)
• Sayfa Sayıları: ss.22-37
• Anahtar Kelimeler: auditing, SMEs, external auditing
• Dokuz Eylül Üniversitesi Adresli: Evet

Özet

Through recent developments, including the new Turkish Commercial Code, Basel II and IFRS for SMEs; External Auditing is quickly becoming a current issue that is expected to add value to all non-listed companies. Turkish Commercial Code requires all companies whether listed or non-listed to comply with Turkish Accounting Standards (TAS) and Turkish Financial Reporting Standards (TFRS) and requires all companies to be audited by an independent external auditor. The first section of the current study goes over the external auditing concept and its potential benefits. Following sections deal with country specific factors and developments that highlight external auditing. The fifth section, in line with current study, makes suggestions towards the preparation process of non-listed companies for external auditing.