The factors affecting the approaches towards independent auditing of small and medium-sized enterprises : a literature review

Abstract

The enterprises have been becoming international along with the rapid transformation in the world trade in recent years. It is now mandatory to develop a common language in the field of accounting and auditing for the reason that enterprises are operating in different countries. At the end of this process, it has been implemented a worldwide uniformity with “International Accounting Standards" and "International auditing standards". The relevant changes were made in independent auditing for SMEs under certain criteria in order to adapt uniformity with new Turkish commercial code in our country. While these developments, it is important to know the factors affecting Turkish SMEs ‘perspective about independent audit and to manage the process in the light of this information. The main objective of this study is to reveal the factors affecting SMEs ‘approach towards independent audit.