Transparency of Content Analysis Report of Audit Companies in Turkey

Abstract

Since the importance and necessity of the audit concept is now clear, it is essential that all institutions and enterprises operating at national and international levels should be able to function effectively in their structures. So much so that the financial crises and corporate scandals in the past have brought the importance and necessity of the functioning of the audit to the forefront. In this regard, the Enron case is exemplified as the most popular financial crisis in the 2000s. Moreover, economic disasters such as Enron and corporate scandals have led to a demand for businesses, corporations and organizations to be transparent, along with the importance and necessity of the concept of control. Because events like Enron have reduced confidence in both the markets and the companies and the independent auditors. On top of this, it became necessary to ensure transparency of companies to prevent the financial crises and corporate scandals that may be experienced, to build confidence in financial markets and to increase confidence. It has become essential to ensure transparency of the quality and reliability of the independent auditing that provides reasonable assurance to the corporate environment, financial statement users and financial markets, as the financial statements of institutions may contain risks due to errors or faults. Therefore, the transparency of the audit firms operating independently and in good quality and thus the publication of the transparency report has dramatically increased its importance today.