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TÜRKİYE’DEKİ BAĞIMSIZ DENETİM ÜCRETLERİNE İLİŞKİN İLK BULGULAR: BİST-100 ŞİRKETLERİNDE BİR ARAŞTIRMA

Year 2022, , 227 - 255, 05.08.2022
https://doi.org/10.52836/sayistay.1115921

Abstract

Bağımsız denetim, denetlenen kuruluşlar ve piyasalar açısından olduğu kadar, piyasalar üzerindeki kamu gözetimi, vergi ve benzeri kamu gelirleri ile kamu maliyesi politikalarının geliştirilmesi açısından da önemli işlevlere sahiptir. Bu nedenle denetimin bağımsızlığı ve kalitesi tüm dünyada giderek artan bir önem kazanmakta ve çeşitli düzenlemelerle güvence altına alınmaya çalışılmaktadır. Bağımsızlık ve kalite düzeyini etkileyen önemli faktörlerden denetim ücretlerinin açıklanmasına ilişkin düzenlemeyle birlikte Türkiye’de ilk kez 2021 yılı finansal tablolarında yer verilen bağımsız denetim ücretleri bu çalışmanın konusunu oluşturmaktadır. Çalışma kapsamında öncelikle denetim ücretlerinin hangi faktörlerden etkilendiği ve denetimin kalitesini hangi açılardan etkilediği mevcut literatür sonuçları üzerinden ortaya konulmuştur. Yapılan regresyon analizi sonucunda ise BİST-100 örnekleminde Türkiye’de denetim ücretlerinin ve denetim firmalarına ödenen toplam meblağın, denetim şirketinin dört büyüklerden biri olması ve denetlenen işletmenin kurumsal yönetim endeksinde olması durumlarında arttığı ve denetlenen şirketin büyüklüğü ile pozitif yönlü ilişkili olduğu tespit edilmiştir. Analizde ulaşılan sonuçlar, denetim ücretlerinin Türkiye örnekleminde de kalite göstergesi olarak kullanılabileceğine yönelik öncül bir işaret niteliğindedir.

References

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PRELIMINARY FINDINGS ON INDEPENDENT AUDIT FEES IN TURKEY: A RESEARCH ON BIST-100 COMPANIES

Year 2022, , 227 - 255, 05.08.2022
https://doi.org/10.52836/sayistay.1115921

Abstract

In addition to the audited institutions and markets, the independent audit also has essential functions in public oversight of the markets, tax and similar public revenues, and the development of public finance policies. For this reason, the independence and quality of audits have gained increasing importance worldwide and tried to be guaranteed by various regulations. One of the crucial factors affecting independence and quality is the audit fee. As a result of the regulations regarding the disclosure of audit fees, the independent audit fees announced in the financial statements of 2021 for the first time in Turkey constitute the subject of this study. Within the scope of the study, first of all, the factors affecting the audit fees and how they affect the audit quality were revealed through the existing literature results. Regression analysis results show that, in the BIST-100 sample, the audit fees and the total amount paid to the audit firms; increase if the audit company is one of the big four and the audited company is in the corporate governance index. Also, audit fees are positively related to the size of the audited company. The results obtained in the analysis are a preliminary indication that audit fees can also be used as a quality indicator in the sample of Turkey.

References

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  • Al-Okaily, J. (2020). The Effect of Family Control on Audit Fees During Financial Crisis. Managerial Auditing Journal, 35(5), 645-665.
  • Aldamen, H., Hollindale, J. ve Ziegelmayer, J.L. (2018). Female Audit Committee Members and Their Influence on Audit Fees. Accounting and Finance, 58(1), 57-89.
  • Alexeyeva, I. ve Svanström, T. (2015). The Impact of the Global Financial Crisis on Audit andNon-audit Fees: Evidence from Sweden. Managerial Auditing Journal, 30(4-5), 302-323.
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  • Averhals, L., Van Caneghem, T. ve Willekens, M. (2020). Mandatory Audit Fee Disclosure and Price Competition in the Private Client Segment of the Belgian Audit Market. Journal of International Accounting, Auditing and Taxation, 40, 1-21.
  • Axén, L. (2018). Exploring the Association Between the Content of Internal Audit Disclosures and External Audit Fees: Evidence From Sweden. International Journal of Auditing, 22(2), 285-297.
  • Bhattacharya, A. ve Banerjee, P. (2020). An Empirical Analysis of Audit Pricing and auditor Selection: Evidence from India. Managerial Auditing Journal, 35(1), 111-151.
  • Calderon, T. G. ve Gao, L. (2021). Cybersecurity Risks Disclosure and Implied Audit Risks: Evidence from Audit Fees. International Journal of Auditing, 25, 24-39.
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  • Carson, E., Fargher, N., Simon, D.T. ve Taylor, M.H. (2004). Audit Fees and Market Segmentation – Further Evidence on How Client Size Matters within the Context of Audit Fee Models. International Journal of Auditing, 8, 79-91.
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  • El Guindy, M.N. ve Trabelsi, N.S. (2020). IFRS Adoption/Reporting and Auditor Fees: The Conditional Effect of Audit Firm Size and Tenure. International Journal of Accounting & Information Management, 28 (4), 639-666.
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  • Francis, J. R. ve Wang, D. (2005). Impact of the SEC’s Public Fee Disclosure Requirement onSubsequent Period Fees and Implications for Market Efficiency. Auditing: A Journal of Practice & Theory, 24 (1), 145–160.
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  • Ghosh, A. ve Lustgarten, S. (2006). Pricing of Initial Audit Engagements by Large and Small Audit Firms. Contemporary Accounting Research, 23, 333-368.
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  • GAO (2008). Audit of Public Companies: Continued Concentration in Audit Market for Large Public Companies Does Not Call for Immediate Action. United States Government Accountability Office Washington, DC.
  • Gul, A. F. ve Tsui, J. S. L. (2001). Free Cash Flow, Debt Monitoring, and Audit Pricing: Further Evidence on the Role of Director Equity Ownership. Auditing: A Journal of Practice& Theory, 20 (2), 71–84.
  • Hackenbrack, K. E., Jenkins, N. T. ve Pevzner, M. (2014). Relevant but Delayed Information in Negotiated Audit Fees. Auditing: A Journal of Practice & Theory, 33 (4), 95–117.
  • Hajeb, H. R., Banafi, M., ve Nejatpour, J. (2021). The Influence of Corporate Governance on the Relationship between Related Party Transactions and Audit Fees. International Journal of Management, Accounting & Economics, 8(7), 517–528.
  • Hay, D. (2013). Further Evidence From Meta-Analysis of Audit Fee Research. International Journal of Auditing, 17, 162 – 176.
  • Hay, D., Knechel, W. ve Wong, N. (2006). Audit Fees: A Meta-Analysis of the Effect of Supply and Demand Attributes. Contemporary Accounting Research, 23(1), 141-191.
  • He X., Xie D., Hu Z., Bao X., Li L. (2020). Impact of Managerial Overconfidence on Abnormal Audit Fee: From the Perspective of Balance Mechanism of Shareholders. PLoS ONE, 15(9).
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  • Hsieh, T., Kim, J., Wang, R. R. ve Wang, Z. (2020). Seeing is Believing? Executives’ Facial Trustworthiness, Auditor Tenure, and Audit Fees. Journal of Accounting and Economics, 69(1), 1-23.
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  • Ittonen, K. ve Peni, E. (2012). Auditor’s Gender and Audit Fees. International Journal of Auditing, 16: 1-18.
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There are 79 citations in total.

Details

Primary Language Turkish
Subjects Economics
Journal Section Research Articles
Authors

Duygu Şengül Çelikay

Publication Date August 5, 2022
Published in Issue Year 2022

Cite

APA Şengül Çelikay, D. (2022). TÜRKİYE’DEKİ BAĞIMSIZ DENETİM ÜCRETLERİNE İLİŞKİN İLK BULGULAR: BİST-100 ŞİRKETLERİNDE BİR ARAŞTIRMA. Sayıştay Dergisi, 33(125), 227-255. https://doi.org/10.52836/sayistay.1115921