دانلود رایگان مقاله انگلیسی شایستگی کمیته های حسابرسی: مطالعه بانک های سپرده گذاری در ترکیه - الزویر 2018

Abstract

The purpose of this study is to investigate the adequacy of the audit committees in Turkish Banking Sector. Considering national and international legislation, and best practices, audit committees' adequacy involves the issues regarding committees and the responsibilities of committees. Interviews and questionnaires in 6 deposit banks were carried out to investigate the adequacy of the audit committees. The data, collected through the interviews and questionnaires, were analyzed by frequency analyses, alfa test and t-tests. According to the results, a variety of deficiencies were determined in the audit committees' structure and responsibilities of internal control, risk management, accounting and financial reporting, independent auditing, valuation services, and rating bureaus. Although all the banks examined in the study were deposit banks, the adequacy of the audit committees varied according to the banks. Banks’ board of directors and the audit committees should update their approach in order to carry out their duties more efficiently.

6. Conclusions

An audit committee is one of the most important administrative structures and one of the most important committees of the board of directors. Because of the fact that an audit committee takes responsibility of supervision on behalf of the board of directors, it can be said that an audit committee is the most important administrative structure and committee after the general assembly and board of directors in banks.

Audit committees were first seen in 1940s and they have been queried since the scandals and bankruptcies. Some legislative changes have been made in time by the regulatory bodies because of the scandals and bankruptcies seen. Audit committees have been affected mainly by Sarbanes-Oxley Act in the World in recent times. In addition, the regulations made by BRSA and CMB have affected the audit committees in Turkey.

Audit committees are responsible for the supervision of the internal control, internal audit, risk management, ethics and codes of conduct, accounting and financial reporting, independent audit, support services, valuation services and ratings bureau according to Banking Law and regulations made by BRSA in Turkey. In addition to these, the legislation includes the structure, characteristics and activities of audit committees.