CONTRIBUTION OF AUDIT QUALITY INDICATORS TO THE RISK ASSESSMENT PROCESS IN INDEPENDENT AUDIT

Year 2022, , 1 - 18, 30.06.2022

Suleyman Yukcu , Özlem Koçakoğlu

https://doi.org/10.31460/mbdd.1051648

Abstract

IAASB, in September 2020, has ratified the ISQM 1 (International Standard on Quality Management) which will replace ISQC 1 (International Standard on Quality Control) as of December 2022. The new standard requires the design, implementation, and performance of a quality management system from independent audit firms. While the standard elaborates the quality objectives the system needs to achieve, it leaves determining the risks that complicate, obstruct, and aggravate the achievement of those quality objectives to the audit firms. Audit firms shall define the risks by assessing the incidents, conditions, circumstances, actions and inactions they may encounter while achieving quality objectives and design the appropriate responses.

While audit quality indicators may serve as signals in identifying quality risks, they may also ease the design of appropriate responses. Quality indicators are numeric data sets used in assessing audit quality. Aim of this study is to be able to model the use of quality indicators in risk evaluation process. There are various data sets used, regarding the quality indicators, by shareholders (independent audit firms, public oversight institutions, certified public accountants, etc.) within the independent audit supply chain. In this study, 28 quality indicator data sets publicized by the PCAOB shall be used.

Keywords

Independent Audit, ISQM 1, ISQC 1, Risk Evaluation, Quality Management System

BAĞIMSIZ DENETİMDE RİSK DEĞERLENDİRME SÜRECİNE DENETİM KALİTE GÖSTERGELERİNİN KATKISI

Abstract

IAASB Aralık 2022 tarihi itibariyle ISQC 1 (Uluslararası Kalite Kontrol Standardı) yerine geçecek ISQM 1 (Uluslararası Kalite Yönetimi Standardı)’i 2020 Eylül ayında onaylamış bulunmaktadır. Yeni standart bağımsız denetim şirketlerinin bir kalite yönetim sistemi dizayn etmelerini, uygulamaya koymalarını ve yürütmelerini beklemektedir. Standart; kalite yönetim sisteminin başarması gereken kalite hedeflerini açıkça reçetelendirirken, bu kalite hedeflerine ulaşmayı zorlaştıran, engelleyen, olumsuz yönde etkileyen risklerin tespitini denetim şirketlerine bırakmaktadır. Denetim şirketleri kalite hedeflerine ulaşmada karşılaşabilecekleri olayları, şartları, koşulları, eylemleri veya eylemsizlikleri değerlendirerek riskleri tanımlayacaklar ve uygun yanıtları dizayn edeceklerdir.

Denetim kalitesi göstergeleri kalite risklerinin tespit edilmesinde bir sinyal görevi görürken değerlendirilmesini ve uygun yanıtların tasarlanmasını kolaylaştırabilir. Kalite göstergeleri denetim kalitesinin değerlendirilmesinde kullanılan sayısal bir veri setidir. Bu çalışmanın amacı risk değerlendirme sürecinde kalite göstergelerinin kullanımını modelleyebilmektir. Kalite göstergeleri konusunda bağımsız denetim tedarik zincirinde yer alan (bağımsız denetim şirketleri, kamu gözetim kurumları, yeminli mali müşavirler, vb.) paydaşlar tarafından farklı farklı veri setleri kullanılmaktadır. Bu çalışmada Amerika Halka Açık Şirketler Muhasebe Gözetim Kurumu tarafından kamuya sunulan 28 adet kalite gösterge veri seti kullanılacaktır.

Keywords

Bağımsız Denetim, ISQM 1, ISQC 1, Risk Değerleme, Kalite Yönetim Sistemi

References

• IAASB (2020a). Quality management. Retrieved June 10, 2021, from https://www.iaasb.org/focus-areas/quality-management
• IAASB (2020b). International standard on quality management (ISQM) 1, quality management for firms that perform audits or reviews of financial statements, or other assurance or related services engagements. Retrieved July 10, 2021, from https://www.iaasb.org/publications/international-standard-quality-management-isqm-1-quality-management-firms-perform-audits-or-reviews.
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