COMPLIANCE WITH IAS 24 RELATED PARTY DISCLOSURES AND AUDIT COMMITTEE EFFICIENCY: EVIDENCE FROM MANUFACTURING FIRMS LISTED ON THE BIST

Yıl 2021, Cilt: 14 Sayı: 2, 479 - 510, 01.07.2021

Melissa Cagle

https://doi.org/10.29067/muvu.740818

Öz

Although the International Accounting Standards Board states that over 166 jurisdictions have globally adopted IFRS/IAS, this statement, unfortunately, overlooks the reporting firm's financial statements' actual compliance level. Despite the international accounting communities' continued efforts, there remains a worrying trend of non-compliance within financial statements prepared according to the International Financial Reporting Standards. Serving as a mechanism towards ensuring that the firms' financial reports are understandable, transparent and reliable, and prepared following the current legislation and international accounting standards, the Audit Committee (AC) is uniquely positioned to increase the quality of information produced by organizations. By employing the International Accounting Standard 24 "Related Party Disclosures", this paper aims to empirically measure Turkish manufacturing firms' compliance levels listed on the BIST within 2019. Moreover, the paper attempts to analyze the driving role AC characteristics play in increasing compliance within the firms. It is hoped that the results of this research will hold particular importance for researchers and regulatory agencies in promoting further improvements of the Audit Committee.

Anahtar Kelimeler

Audit Committee Characteristics, TMS 24, Related Party Disclosures, Disclosure Compliance Analysis, Manufacturing Firms

UMS 24 İLİŞKİLİ TARAF AÇIKLAMALARINA UYUM VE DENETİM KOMİTESİ VERİMLİLİĞİ: BIST'TE LİSTELENMİŞ ŞİRKETLER ÜZERİNE AMPİRİK BİR ANALİZ

Öz

Uluslararası Muhasebe Standartları Kurulu küresel olarak 166 ülkenin UMS/ UFRS'yi benimsemiş olduğunu beyan etsede, firmaların standartlar ile gerçek uyumluluk düzeyi göz ardı edilmektedir. Uluslararası muhasebe topluluklarının tüm çabalarına rağmen standartlara tam uyum sağlanamamış ve dipnotlarda süregelen uyumsuzluk literatürde tartışma konusu olmuştur. Finansal raporların anlaşılabilir, şeffaf ve güvenilir bir şekilde yürürlükteki mevzuata ve uluslararası muhasebe standartlarına uygun hazırlanmasına yönelik önemli bir görev üstlenen Denetim Komitesinin bilgi kalitesini artırma yönünde fayda sağlayacağı ileri sürülmektedir. Uluslararası Muhasebe Standardı 24 "İlişkili Taraf Açıklamalarını" baz alan bu çalışmada, 2019 yılında BIST'te listelenen imalat şirketlerinin dipnot uyum düzeylerini analiz etmektedir. Buna ek olarak, çalışma şirketlerde uyum düzeyini artırma yönünde Denetim Komitesi karakteristiklerinin rolünü ampirik olarak ölçmeyi amaçlamaktadır. Analiz sonuçlarının Denetim Komitelerinin fonksiyonunun daha da geliştirilmesi amacıyla araştırmacılar ve düzenleyici kurumlar için önem arz edeceği umut edilmektedir.

Anahtar Kelimeler

Denetim Komite Karakteristikleri, TMS 24, İlişkili Taraf Açıklamaları, Dipnot Uyum Analizi, İmalat Şirketleri

Kaynakça

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