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Denetim kalitesinin finansal raporlama kalitesi üzerine etkisi: BİST şirketleri örneği

Yıl 2023, Cilt: 9 Sayı: 1, 66 - 79, 27.02.2023
https://doi.org/10.30855/gjeb.2023.9.1.005

Öz

Bu çalışmada denetim kalitesinin finansal raporlama kalitesi üzerindeki etkisi incelenmiştir. Borsa İstanbul’da faaliyet gösteren 262 finansal olmayan firmanın 2012-2021 yılları arasındaki verileri kullanılmıştır. Finansal raporlama kalitesinin göstergesi olan kazanç yönetimi uygulamalarının ölçümünde düzeltilmiş Jones Modeli kullanılmıştır. Denetim firmasının büyüklüğü olarak kabul edilebilen firmaların dört büyük denetim firması (E&Y, Deloitte, KPMG ve PwC) tarafından denetlenme durumu, denetim kalitesi ölçütü olarak belirlenmiştir. Yapılan analiz sonucunda ise denetim firmasının büyüklüğünün kazanç yönetimi uygulamalarını sınırlandırdığı görülmüş olup ayrıca firmaların kârlılık oranının kazanç yönetimi uygulamaları üzerinde anlamlı bir etkisi bulunmuştur. Ancak kazanç yönetimi uygulamaları ile firma büyüklüğü, borçluluk düzeyi ve likidite durumu arasında herhangi bir ilişkiye rastlanmamıştır.

Kaynakça

  • Alzoubi, E. S. S. (2016). Audit quality and earnings management: Evidence from Jordan. Journal of Applied Accounting Research, 17(2), 170–189.
  • Beattie, V., Brown, S., Ewers, D., Brian, J., Manson, S., Thomas, D., & Turner, M. (1994). Extraordinary Items and Income Smoothing. Journal of Business Finance & Accounting, 21(6), 25–39.
  • Becker, C. L., Defond, M. L., Jiambalvo, J., & Subramanyam, K. R. (1999). The effect of audit quality on earnings management. Contemporary Accounting Research, 19(4), 450–453.
  • Botosan, C. A. (1997). Disclosure level and the cost of equity capital. Accounting Review, 72(3), 323–349.
  • Botosan, C. A., & Plumlee, M. A. (2002). A re-examination of disclosure level and the expected cost of equity capital. Journal of Accounting Research, 40(1), 21–40.
  • Chen, H., Chen, J. Z., Lobo, G. J., & Wang, Y. (2011). Effects of audit quality on earnings management and cost of equity capital: Evidence from China. Contemporary Accounting Research, 28(3), 892–925.
  • Chen, K. Y., Lin, K. L., & Zhou, J. (2005). Audit quality and earnings management for Taiwan IPO firms. Managerial Auditing Journal, 20(1), 86–104.
  • DeAngelo, L. (1986). Accounting numbers as market valuation substitutes. In The Accounting Review (Vol. 61, Issue 3, pp. 400–420).
  • Dechow, P., Sloan, R., & Sweeney, A. (1995). Detecting Earnings Management. The Accounting Review, 70(20), 193–225.
  • Durukan, M. B., & Kapucugil İkiz, A. (2007). Denetim Kalitesi, Kalite Ve Hizmet Kalitesine İlişkin Modeller: Kavramsal Çerçeve. Mali Çözüm Dergisi, 82.
  • FASB. (2010). Conceptual Framework for Financial Reporting: Chapter 3 Qualitative Characteristics of Useful Financial Information. In Financial Accounting Standards Board (Issue September). http://www.fasb.org/jsp/FASB/Page/PreCodSectionPage&cid=1176156317989
  • Gaynor, L. M., Kelton, A. S., Mercer, M., & Yohn, T. L. (2016). Understanding the relation between financial reporting quality and audit quality. Auditing, 35(4), 1–22.
  • Gerayli, M. S., Yanesari, A. M., & Ma’atoofi, A. R. (2011). Impact of audit quality on earnings management: Evidence from Iran. International Research Journal of Finance and Economics, 66(66), 77–84.
  • Habbash, M., & Alghamdi, S. (2017). Audit quality and earnings management in less developed economies: the case of Saudi Arabia. Journal of Management and Governance, 21(2), 351–373.
  • Healy, P. M. (1985). The effect of bonus schemes on accounting decisions. Journal of Accounting and Economics, 7(1–3), 85–107.
  • Jones, J. J. (1991). Earnings Management During Import Relief Investigations. Jornal of Accounting Research, 29(2), 193–228.
  • Kashmiri, H. (2014). Testing Accruals Based Earnings Management Models in an International Context. 136.
  • Kim, Y., Liu, C., & Rhee, S. G. (2003). The Relation of Earnings Management to Firm Size. Journal of Management Research, 4(1), 81–88.
  • Kothari, S. P., Leone, A. J., & Wasley, C. E. (2005). Performance matched discretionary accrual measures. Journal of Accounting and Economics, 39(1), 163–197.
  • Lopes, A. P. (2018). Audit Quality and Earnings Management: Evidence from Portugal. Athens Journal of Business and Economics, 4(2), 179–192.
  • Maijoor, S. J., & Vanstraelen, A. (2006). Earnings management within Europe: The effects of member state audit environment, audit firm quality and international capital markets. Accounting and Business Research, 36(1), 33–52.
  • Muttakin, M. B., Khan, A., & Azim, M. I. (2015). Corporate social responsibility disclosures and earnings quality: Are they a reflection of managers’ opportunistic behavior? Managerial Auditing Journal, 30(3), 277–298.
  • Önder, Ş., & Ağca, A. (2013). Toplam Tahakkuk Modelleri İle Türkiye’de Kar Yönetiminin Ölçülmesi: İmkb’de Yer Alan İşletmeler Üzerine Ampirik Bir Araştirma. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, 48(35), 39.
  • Orazalin, N., & Akhmetzhanov, R. (2019). Earnings management, audit quality, and cost of debt: evidence from a Central Asian economy. Managerial Auditing Journal, 34(6), 696–721.
  • Özcan, A. (2019). Audit Quality and Earnings Management: Evidence From Turkey. Uluslararası İktisadi ve İdari İncelemeler Dergisi, 0–2.
  • Park, Y. W., & Shin, H. (2004). Board composition and earnings management in Canada. 10, 431–457.
  • Piot, C., & Janin, R. (2011). Audit Quality and Earnings Management in France. SSRN Electronic Journal.
  • Sakarya, Ş., & Koçak, Z. S. (2016). Kazanç Kalitesi ve Yönetiminin İşletmelerin Finansal Performansı Üzerine Etkisi: İSO 500 İşletmeleri Üzerine Bir Araştırma. 3(23).
  • Schipper, K. (1989). Commentry on Earnings Management. Accounting Horizons, 3, 91–103.
  • Sharf, N., & Abu-Nassar, M. (2021). The effect of audit quality and auditor’s opinion on earnings management: Evidence from Jordan. Jordan Journal of Business Administration, 17(2), 236–253.
  • Yang, J. S., & Krishnan, J. (2005). Audit Committees and Quarterly Earnings Management. International Journal of Auditing, 9(3), 201–219.
  • Yasar, A. (2013). Big Four Auditors ’ Audit Quality and Earnings Management : Evidence from Turkish Stock Market Department of Accounting and Finance. International Journal of Business and Social Science, 4(17), 153–163.
  • Yerdelen Tatoğlu, F. (2020). Panel Veri Ekonometrisi Stata Uygulamali (4.Baskı).İstanbul: Beta Yayınları.

The effect of audit quality on financial reporting quality: The case of BIST companies

Yıl 2023, Cilt: 9 Sayı: 1, 66 - 79, 27.02.2023
https://doi.org/10.30855/gjeb.2023.9.1.005

Öz

In this study, the impact of audit quality on financial reporting quality has been examined. By using, the data of 262 non-financial companies between 2012-2021 enlisted in Borsa Istanbul. The modified Jones Model was employed to measure earnings management activities as a proxy of financial reporting quality. The criterion of audit quality is the status of companies being audited by big four audit firms (E&Y, Deloitte, KPMG and PwC). As a result of the analysis using panel data test, it has been observed that the big audit firms constrain earnings management activities. Furthermore, it has been concluded that there is a positive impact of profitability on earnings management activities. However, no relationship has been found between earnings management practices and firm size, indebtedness level, and liquidity status.

Kaynakça

  • Alzoubi, E. S. S. (2016). Audit quality and earnings management: Evidence from Jordan. Journal of Applied Accounting Research, 17(2), 170–189.
  • Beattie, V., Brown, S., Ewers, D., Brian, J., Manson, S., Thomas, D., & Turner, M. (1994). Extraordinary Items and Income Smoothing. Journal of Business Finance & Accounting, 21(6), 25–39.
  • Becker, C. L., Defond, M. L., Jiambalvo, J., & Subramanyam, K. R. (1999). The effect of audit quality on earnings management. Contemporary Accounting Research, 19(4), 450–453.
  • Botosan, C. A. (1997). Disclosure level and the cost of equity capital. Accounting Review, 72(3), 323–349.
  • Botosan, C. A., & Plumlee, M. A. (2002). A re-examination of disclosure level and the expected cost of equity capital. Journal of Accounting Research, 40(1), 21–40.
  • Chen, H., Chen, J. Z., Lobo, G. J., & Wang, Y. (2011). Effects of audit quality on earnings management and cost of equity capital: Evidence from China. Contemporary Accounting Research, 28(3), 892–925.
  • Chen, K. Y., Lin, K. L., & Zhou, J. (2005). Audit quality and earnings management for Taiwan IPO firms. Managerial Auditing Journal, 20(1), 86–104.
  • DeAngelo, L. (1986). Accounting numbers as market valuation substitutes. In The Accounting Review (Vol. 61, Issue 3, pp. 400–420).
  • Dechow, P., Sloan, R., & Sweeney, A. (1995). Detecting Earnings Management. The Accounting Review, 70(20), 193–225.
  • Durukan, M. B., & Kapucugil İkiz, A. (2007). Denetim Kalitesi, Kalite Ve Hizmet Kalitesine İlişkin Modeller: Kavramsal Çerçeve. Mali Çözüm Dergisi, 82.
  • FASB. (2010). Conceptual Framework for Financial Reporting: Chapter 3 Qualitative Characteristics of Useful Financial Information. In Financial Accounting Standards Board (Issue September). http://www.fasb.org/jsp/FASB/Page/PreCodSectionPage&cid=1176156317989
  • Gaynor, L. M., Kelton, A. S., Mercer, M., & Yohn, T. L. (2016). Understanding the relation between financial reporting quality and audit quality. Auditing, 35(4), 1–22.
  • Gerayli, M. S., Yanesari, A. M., & Ma’atoofi, A. R. (2011). Impact of audit quality on earnings management: Evidence from Iran. International Research Journal of Finance and Economics, 66(66), 77–84.
  • Habbash, M., & Alghamdi, S. (2017). Audit quality and earnings management in less developed economies: the case of Saudi Arabia. Journal of Management and Governance, 21(2), 351–373.
  • Healy, P. M. (1985). The effect of bonus schemes on accounting decisions. Journal of Accounting and Economics, 7(1–3), 85–107.
  • Jones, J. J. (1991). Earnings Management During Import Relief Investigations. Jornal of Accounting Research, 29(2), 193–228.
  • Kashmiri, H. (2014). Testing Accruals Based Earnings Management Models in an International Context. 136.
  • Kim, Y., Liu, C., & Rhee, S. G. (2003). The Relation of Earnings Management to Firm Size. Journal of Management Research, 4(1), 81–88.
  • Kothari, S. P., Leone, A. J., & Wasley, C. E. (2005). Performance matched discretionary accrual measures. Journal of Accounting and Economics, 39(1), 163–197.
  • Lopes, A. P. (2018). Audit Quality and Earnings Management: Evidence from Portugal. Athens Journal of Business and Economics, 4(2), 179–192.
  • Maijoor, S. J., & Vanstraelen, A. (2006). Earnings management within Europe: The effects of member state audit environment, audit firm quality and international capital markets. Accounting and Business Research, 36(1), 33–52.
  • Muttakin, M. B., Khan, A., & Azim, M. I. (2015). Corporate social responsibility disclosures and earnings quality: Are they a reflection of managers’ opportunistic behavior? Managerial Auditing Journal, 30(3), 277–298.
  • Önder, Ş., & Ağca, A. (2013). Toplam Tahakkuk Modelleri İle Türkiye’de Kar Yönetiminin Ölçülmesi: İmkb’de Yer Alan İşletmeler Üzerine Ampirik Bir Araştirma. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, 48(35), 39.
  • Orazalin, N., & Akhmetzhanov, R. (2019). Earnings management, audit quality, and cost of debt: evidence from a Central Asian economy. Managerial Auditing Journal, 34(6), 696–721.
  • Özcan, A. (2019). Audit Quality and Earnings Management: Evidence From Turkey. Uluslararası İktisadi ve İdari İncelemeler Dergisi, 0–2.
  • Park, Y. W., & Shin, H. (2004). Board composition and earnings management in Canada. 10, 431–457.
  • Piot, C., & Janin, R. (2011). Audit Quality and Earnings Management in France. SSRN Electronic Journal.
  • Sakarya, Ş., & Koçak, Z. S. (2016). Kazanç Kalitesi ve Yönetiminin İşletmelerin Finansal Performansı Üzerine Etkisi: İSO 500 İşletmeleri Üzerine Bir Araştırma. 3(23).
  • Schipper, K. (1989). Commentry on Earnings Management. Accounting Horizons, 3, 91–103.
  • Sharf, N., & Abu-Nassar, M. (2021). The effect of audit quality and auditor’s opinion on earnings management: Evidence from Jordan. Jordan Journal of Business Administration, 17(2), 236–253.
  • Yang, J. S., & Krishnan, J. (2005). Audit Committees and Quarterly Earnings Management. International Journal of Auditing, 9(3), 201–219.
  • Yasar, A. (2013). Big Four Auditors ’ Audit Quality and Earnings Management : Evidence from Turkish Stock Market Department of Accounting and Finance. International Journal of Business and Social Science, 4(17), 153–163.
  • Yerdelen Tatoğlu, F. (2020). Panel Veri Ekonometrisi Stata Uygulamali (4.Baskı).İstanbul: Beta Yayınları.
Toplam 33 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular İşletme
Bölüm Makaleler
Yazarlar

Seyfullah Selimefendigil 0000-0001-7017-9673

Yayımlanma Tarihi 27 Şubat 2023
Yayımlandığı Sayı Yıl 2023 Cilt: 9 Sayı: 1

Kaynak Göster

APA Selimefendigil, S. (2023). Denetim kalitesinin finansal raporlama kalitesi üzerine etkisi: BİST şirketleri örneği. Gazi İktisat Ve İşletme Dergisi, 9(1), 66-79. https://doi.org/10.30855/gjeb.2023.9.1.005
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