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Audit Quality and Rotation: Perception in Turkey

Yıl 2021, Sayı: 91, 109 - 122, 29.12.2021

Dilek Kaçmaz Ahmet Türel

https://doi.org/10.26650/imj.2021.91.005

Öz

Independent auditors, who form an opinion on financial statements, increase the reliability of financial statements by minimizing the information risk. Investors, credit institutions and other users of financial statements are expected to increase the accuracy of their economic decisions by making use of these tables that are believed to be reliable. In order to achieve this aim, auditing activities must be carried out in a manner of high quality. One of the most important indicators of quality in auditing is the independence of the auditor. It is claimed that mandatory audit firm rotation is one of the indicators of independence in auditing. Past studies have reached varying conclusions regarding the impact of rotation on audit quality. In this study, it is aimed to measure the perception of the users of financial statements in Turkey about audit rotation on audit quality.

Anahtar Kelimeler

Independent Audit Audit Rotation Audit Quality Turkey

Kaynakça

  • Altıntaş, T. (2007). Halka Açık Şirketlerin Bağımsız Denetiminin Kalitesinin Algılanmasına İlişkin Bir Araştırma. Published Doctoral Thesis, Istanbul University Institute of Social Sciences, Istanbul. google scholar
  • Anis, A. (2014). Auditors’ Perceptions of Audit Firm Rotation Impact on Audit Quality in Egypt, Accounting and Taxation, Vol.6(1), 105-120. google scholar
  • Bandyopadhyay, S.P., Chen, C. ve Yu, Y. (2014). Mandatory Audit Partner Rotation, Audit Market Concentration, and Audit Quality: Evidence from China. Advances in Accounting, Incorporating Advances in International Accounting, Vol:30(1), 18-31. google scholar
  • Cameran, M., Prencipe, A. Ve Trombetta, M. (2012). Mandatory Audit Firm Rotation and Audit Quality: Evidencefrom theItalianSetting. Working Paper, Universita Bo cconi Milan, IE Business School. google scholar
  • Catanach, A.H. ve Walker, P. L. (1999). The International Debate Over Mandatory Audit Rotation: A Conceptual Research Framework. Journal of International Accounting, Auditing & Taxation, Vol: 8 (1), 43-66. google scholar
  • Chi, W., Huang, H., Liao, Y. ve Xie, H. (2009). Mandatory Audit Partner Rotation, Audit Quality, and Market Perception: Evidence from Taiwan. Contemporary Accounting Research, Vol:26 (2), 359-391. google scholar
  • Daniels, B.W. ve Booker, Q. (2011). The Effects of Audit Firm Rotation on Perceived Auditor Independence and Audit Quality. Research in Accounting Regulation, Vol. 23(1), 78-82. google scholar
  • Daugherty, B. E., Dickins, D., Hatfield, R.C. ve Higgs, J.L. (2012). An Examination of Partner Perceptions of Partner Rotation: Direct and Indirect Consequences to Audit Quality. Auditing: A Journal of Practice & Theory, Vol.31 (1), 97-114. google scholar
  • Davis, L.R., Soo B.S. ve Trompeter, G.M. (2009). Auditor tenure and the ability to meet or beat earnings forecasts. Contemporary Accounting Research, Vol.26, 517-548. google scholar
  • DeAngelo, L.E. (1981). Auditor Size and Audit Quality. Journal of Accounting and Economics, Vol.3(3), 183-199. google scholar
  • Dopuch, N., King, R.R. ve Schwartz R. (2003). Independence in Appearance and in Fact: An Experimental Investigation. ContemporaryAccountingResearch, Vol.20(1), 79-114. google scholar
  • Ewelt, K.C., Gold, A. ve Pott, C. (2012). What Do We Know About Mandatory Audit Firm Rotation?, Institute of Chartered Accountants in Scotland (ICAS). google scholar
  • Firth, M, Rui, O.M. ve Wu, X. (2012). How Do Various Forms of Auditor Rotation Affect Audit Quality? Evidence from China. The International Journal of Accounting, Vol:47(1), 109-138. google scholar
  • Goodwin, J. ve Seow, J. (2002). The Influence of Corporate Governance Mechanisms on the Quality of Financial Reporting and Auditing: Perception of Auditors and Directors in Singapore, Accounting and Finance, Vol.42(3), 195-223. google scholar
  • Jackson, A.B., Moldrich, M. ve Roebuck, P. (2008). Mandatory Audit Firm Rotation and Audit Quality, Managerial Auditing Journal, Vol.23(5), 420-437. google scholar
  • Kwon S.Y., Lim, Y.D. ve Simnett, R. (2010). Mandatory Audit Firm Rotation and Audit Quality: Evidence from the Korean Audit Market, Unpublished paper, Korea University. google scholar
  • Li, X., Xu, H. ve Zhang, M. (2013). Mandatory Audit Partner Rotation and Audit Quality: Effect of Personal Relationships between Audit Partners, Working Paper, Renmin University. google scholar
  • Moizer, P. (1997). Auditor Reputation: The International Empirical Evidence. International Journal of Auditing, Vol.1(1), 61-74. google scholar
  • Myers J.N., Myers, L.A. ve Omer, T.C. (2003). Exploring the Term of Auditors-Client Relationship and the Quality of Earnings: A Case for Mandatory Auditor Rotation. The Accounting Review, Vol.78(3), 779-799. google scholar
  • Pop, A. ve Iosivan, O.R. (2008). The Pricing of Audit Services: Evidence from Romania. Annales Universitatis Apulensis Series Oeconomica,Vol.10(1), 1-12. google scholar
  • Raiborn, C., Schorg, C. ve Massoud, M. (2006). Should Auditor Rotation Be Mandatory? Journal of Corporate Accounting and Finance, Vol.17(4), 37-49. google scholar
  • Ruiz-Barbadillo, E., Gomez-Aguilar, W. ve Carrera, N. (2009). Does Mandatory Audit Firm Rotation Enhanceauditor Independence? Evidence from Spain. Auditing: A Journal of Practice & Theory, Vol.28(1), 113-135. google scholar
  • Shockley, R.A (1981). Perceptions of Auditors’ Independence: An Empirical Analysis. The Accounting Review, Vol.56(4), 785-800. google scholar
  • Siregar, S.V., Amarullah, F., Wibowa, A. ve Anggraita, V. (2012). Audit Tenure, Auditor Rotation, and Audit Quality: The Case of Indonesia. Asian Journal of Business and Accounting, Vol.5(1), 55-74. google scholar
  • Tuan, K. (2015). Bağımsız Denetimde Rotasyon Uygulaması: Sistemin Artıları-Eksileri Üzerine Tartışmalar. Akademik Sosyal Araştırmalar Dergisi, Vol.16, 291-309. google scholar
  • Turner, L. E. (2000). Independence ‘Matters’, Speech presented at the 28th Annual National Conference on Current SEC Developments on 6 December. Available at: https://www.sec.gov/news/speech/ spch445.htm. google scholar
  • Türel, A., Genç M., Özden, B. ve Taş, N. (2017). Audit Firm Tenure and Audit Quality Implied by Discretionary Accruals and Modified Opinions: Evidence from Turkey. Acta Universitatis Danubius. Economica, Vol 13(1), 187-196. google scholar
  • Forbes Los Angeles Business Council Community Voice “Is There Really Such A Thing As An Independent Audit?” Dec 3, 2018. google scholar
  • http://www.kgk.gov.tr/DynamicContentDetail/8091/Bir-denetim-faaliyetinin-u%CC%88stlenilmesinde-dikkat-etmem-gereken-rotasyon-su%CC%88relerine-ilis%CC%A7kin- du%CC%88zenlemeler-nelerdir? google scholar
  • https://torontoist.com/2013/08/historicist-the-home-banks-house-of-cards/ google scholar
  • IFAC, Ethical Rules 2009. google scholar
  • Kamu Gözetimi Muhasebe ve Denetim Standartları Kurumu, Bağımsız Denetim Yönetmeliği (2012, 26 Aralık). Resmi Gazete, (Sayı:28509). Erişim adresi: https://www.kgk.gov.tr/Portalv2Uploads/ files/Duyurular/v2/Mevzuat/BDY/Guncel%20BDY.pdf. google scholar

Yıl 2021, Sayı: 91, 109 - 122, 29.12.2021

Dilek Kaçmaz Ahmet Türel

https://doi.org/10.26650/imj.2021.91.005

Öz

Kaynakça

  • Altıntaş, T. (2007). Halka Açık Şirketlerin Bağımsız Denetiminin Kalitesinin Algılanmasına İlişkin Bir Araştırma. Published Doctoral Thesis, Istanbul University Institute of Social Sciences, Istanbul. google scholar
  • Anis, A. (2014). Auditors’ Perceptions of Audit Firm Rotation Impact on Audit Quality in Egypt, Accounting and Taxation, Vol.6(1), 105-120. google scholar
  • Bandyopadhyay, S.P., Chen, C. ve Yu, Y. (2014). Mandatory Audit Partner Rotation, Audit Market Concentration, and Audit Quality: Evidence from China. Advances in Accounting, Incorporating Advances in International Accounting, Vol:30(1), 18-31. google scholar
  • Cameran, M., Prencipe, A. Ve Trombetta, M. (2012). Mandatory Audit Firm Rotation and Audit Quality: Evidencefrom theItalianSetting. Working Paper, Universita Bo cconi Milan, IE Business School. google scholar
  • Catanach, A.H. ve Walker, P. L. (1999). The International Debate Over Mandatory Audit Rotation: A Conceptual Research Framework. Journal of International Accounting, Auditing & Taxation, Vol: 8 (1), 43-66. google scholar
  • Chi, W., Huang, H., Liao, Y. ve Xie, H. (2009). Mandatory Audit Partner Rotation, Audit Quality, and Market Perception: Evidence from Taiwan. Contemporary Accounting Research, Vol:26 (2), 359-391. google scholar
  • Daniels, B.W. ve Booker, Q. (2011). The Effects of Audit Firm Rotation on Perceived Auditor Independence and Audit Quality. Research in Accounting Regulation, Vol. 23(1), 78-82. google scholar
  • Daugherty, B. E., Dickins, D., Hatfield, R.C. ve Higgs, J.L. (2012). An Examination of Partner Perceptions of Partner Rotation: Direct and Indirect Consequences to Audit Quality. Auditing: A Journal of Practice & Theory, Vol.31 (1), 97-114. google scholar
  • Davis, L.R., Soo B.S. ve Trompeter, G.M. (2009). Auditor tenure and the ability to meet or beat earnings forecasts. Contemporary Accounting Research, Vol.26, 517-548. google scholar
  • DeAngelo, L.E. (1981). Auditor Size and Audit Quality. Journal of Accounting and Economics, Vol.3(3), 183-199. google scholar
  • Dopuch, N., King, R.R. ve Schwartz R. (2003). Independence in Appearance and in Fact: An Experimental Investigation. ContemporaryAccountingResearch, Vol.20(1), 79-114. google scholar
  • Ewelt, K.C., Gold, A. ve Pott, C. (2012). What Do We Know About Mandatory Audit Firm Rotation?, Institute of Chartered Accountants in Scotland (ICAS). google scholar
  • Firth, M, Rui, O.M. ve Wu, X. (2012). How Do Various Forms of Auditor Rotation Affect Audit Quality? Evidence from China. The International Journal of Accounting, Vol:47(1), 109-138. google scholar
  • Goodwin, J. ve Seow, J. (2002). The Influence of Corporate Governance Mechanisms on the Quality of Financial Reporting and Auditing: Perception of Auditors and Directors in Singapore, Accounting and Finance, Vol.42(3), 195-223. google scholar
  • Jackson, A.B., Moldrich, M. ve Roebuck, P. (2008). Mandatory Audit Firm Rotation and Audit Quality, Managerial Auditing Journal, Vol.23(5), 420-437. google scholar
  • Kwon S.Y., Lim, Y.D. ve Simnett, R. (2010). Mandatory Audit Firm Rotation and Audit Quality: Evidence from the Korean Audit Market, Unpublished paper, Korea University. google scholar
  • Li, X., Xu, H. ve Zhang, M. (2013). Mandatory Audit Partner Rotation and Audit Quality: Effect of Personal Relationships between Audit Partners, Working Paper, Renmin University. google scholar
  • Moizer, P. (1997). Auditor Reputation: The International Empirical Evidence. International Journal of Auditing, Vol.1(1), 61-74. google scholar
  • Myers J.N., Myers, L.A. ve Omer, T.C. (2003). Exploring the Term of Auditors-Client Relationship and the Quality of Earnings: A Case for Mandatory Auditor Rotation. The Accounting Review, Vol.78(3), 779-799. google scholar
  • Pop, A. ve Iosivan, O.R. (2008). The Pricing of Audit Services: Evidence from Romania. Annales Universitatis Apulensis Series Oeconomica,Vol.10(1), 1-12. google scholar
  • Raiborn, C., Schorg, C. ve Massoud, M. (2006). Should Auditor Rotation Be Mandatory? Journal of Corporate Accounting and Finance, Vol.17(4), 37-49. google scholar
  • Ruiz-Barbadillo, E., Gomez-Aguilar, W. ve Carrera, N. (2009). Does Mandatory Audit Firm Rotation Enhanceauditor Independence? Evidence from Spain. Auditing: A Journal of Practice & Theory, Vol.28(1), 113-135. google scholar
  • Shockley, R.A (1981). Perceptions of Auditors’ Independence: An Empirical Analysis. The Accounting Review, Vol.56(4), 785-800. google scholar
  • Siregar, S.V., Amarullah, F., Wibowa, A. ve Anggraita, V. (2012). Audit Tenure, Auditor Rotation, and Audit Quality: The Case of Indonesia. Asian Journal of Business and Accounting, Vol.5(1), 55-74. google scholar
  • Tuan, K. (2015). Bağımsız Denetimde Rotasyon Uygulaması: Sistemin Artıları-Eksileri Üzerine Tartışmalar. Akademik Sosyal Araştırmalar Dergisi, Vol.16, 291-309. google scholar
  • Turner, L. E. (2000). Independence ‘Matters’, Speech presented at the 28th Annual National Conference on Current SEC Developments on 6 December. Available at: https://www.sec.gov/news/speech/ spch445.htm. google scholar
  • Türel, A., Genç M., Özden, B. ve Taş, N. (2017). Audit Firm Tenure and Audit Quality Implied by Discretionary Accruals and Modified Opinions: Evidence from Turkey. Acta Universitatis Danubius. Economica, Vol 13(1), 187-196. google scholar
  • Forbes Los Angeles Business Council Community Voice “Is There Really Such A Thing As An Independent Audit?” Dec 3, 2018. google scholar
  • http://www.kgk.gov.tr/DynamicContentDetail/8091/Bir-denetim-faaliyetinin-u%CC%88stlenilmesinde-dikkat-etmem-gereken-rotasyon-su%CC%88relerine-ilis%CC%A7kin- du%CC%88zenlemeler-nelerdir? google scholar
  • https://torontoist.com/2013/08/historicist-the-home-banks-house-of-cards/ google scholar
  • IFAC, Ethical Rules 2009. google scholar
  • Kamu Gözetimi Muhasebe ve Denetim Standartları Kurumu, Bağımsız Denetim Yönetmeliği (2012, 26 Aralık). Resmi Gazete, (Sayı:28509). Erişim adresi: https://www.kgk.gov.tr/Portalv2Uploads/ files/Duyurular/v2/Mevzuat/BDY/Guncel%20BDY.pdf. google scholar
Toplam 32 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular İşletme
Bölüm Makaleler
Yazarlar

Dilek Kaçmaz Bu kişi benim 0000-0001-8301-0703

Ahmet Türel 0000-0002-6464-0379

Yayımlanma Tarihi 29 Aralık 2021
Gönderilme Tarihi 4 Ekim 2021
Yayımlandığı Sayı Yıl 2021 Sayı: 91

Kaynak Göster

APA Kaçmaz, D., & Türel, A. (2021). Audit Quality and Rotation: Perception in Turkey. Istanbul Management Journal(91), 109-122. https://doi.org/10.26650/imj.2021.91.005
AMA Kaçmaz D, Türel A. Audit Quality and Rotation: Perception in Turkey. Istanbul Management Journal. Aralık 2021;(91):109-122. doi:10.26650/imj.2021.91.005
Chicago Kaçmaz, Dilek, ve Ahmet Türel. “Audit Quality and Rotation: Perception in Turkey”. Istanbul Management Journal, sy. 91 (Aralık 2021): 109-22. https://doi.org/10.26650/imj.2021.91.005.
EndNote Kaçmaz D, Türel A (01 Aralık 2021) Audit Quality and Rotation: Perception in Turkey. Istanbul Management Journal 91 109–122.
IEEE D. Kaçmaz ve A. Türel, “Audit Quality and Rotation: Perception in Turkey”, Istanbul Management Journal, sy. 91, ss. 109–122, Aralık 2021, doi: 10.26650/imj.2021.91.005.
ISNAD Kaçmaz, Dilek - Türel, Ahmet. “Audit Quality and Rotation: Perception in Turkey”. Istanbul Management Journal 91 (Aralık 2021), 109-122. https://doi.org/10.26650/imj.2021.91.005.
JAMA Kaçmaz D, Türel A. Audit Quality and Rotation: Perception in Turkey. Istanbul Management Journal. 2021;:109–122.
MLA Kaçmaz, Dilek ve Ahmet Türel. “Audit Quality and Rotation: Perception in Turkey”. Istanbul Management Journal, sy. 91, 2021, ss. 109-22, doi:10.26650/imj.2021.91.005.
Vancouver Kaçmaz D, Türel A. Audit Quality and Rotation: Perception in Turkey. Istanbul Management Journal. 2021(91):109-22.
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