A Comparison of Turkish and International Regulations Regarding Public Oversight about Independent Audit

The authority of forming and publishing independent auditing standards is given to Public Oversight Accounting and Auditing Standards Authority by Turkish Commercial Code numbered 6102. Nonetheless, there is certain criticism proposing that oversighting function could not be performed properly due to ascribing too many duties to this organization. Looking international practices, it is observed that such authorities are not given to same institution. On the contrary, both formation on standards and function of oversight are gathered under one roof in Turkey. In this context, the aim of this study is making a comparison between regulations about public oversight in Turkey and of those International along with revealing differences. Most recent research is added to the study for reflecting the latest circumstances and for putting forward different approaches that handles public oversight in independent audit field.