The role of independent audit in solving administrative, financial, and accounting problems in small and medium-sized enterprises

Abstract

Aim of the Study: The main objective of our research, for the solutions of management, finance and accounting issues and auditing problems of SMEs is to reveal the benefits of independent audit. Methodology of the Study: Administrative, financial, and accounting problems of SMEs will be explained and the role of independent audit in solving these problems will be presented. Findings of the Study: We assume that the findings of this study will contribute towards the enhancement of good corporate governance that alleviates agency problems in business organizations. Importance of the Study: 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. Independent audit as a result of economic change will become unavoidably compulsory for SMEs, which are over a certain scale, beyond that, the independent audit for the SMEs will be made on a voluntary basis in the interests their own in the future. We assume that the findings of this study will contribute towards the enhancement of good corporate governance that alleviates agency problems in business organizations. The findings have several implications regarding board members, managers, and organizations. Establishing corporate governance mechanisms and resolving agency issues are among the boards’ primary responsibilities.

Calismanin Amaci: Arastirmamizin temel amaci KOBI'lerin karsilastigi yonetim, finans ve muhasebe sorunlarinin cozumunde bagimsiz denetimin KOBI'lere sagladigi faydalarin ortaya konulmasidir. Calismanin Metodolojisi: Kobilerde yonetim, finans ve muhasebe sorunlari aciklanip bu sorunlarin cozumunde bagimsiz denetimin rolu ortaya konulacaktir Calismanin Bulgulari: Bu calismada, ticari organizasyonlardaki yonetsel sorunlari azaltarak kurumsal yonetimin gelistirilmesine katki saglamasini amaclanmaktadir. Calismanin Onemi: Son yillarda dunya ticari hayatindaki hizli degisim ile birlikte isletmeler artik uluslararasi hale gelmektedir. Isletmelerin cok farkli ulkelerde faaliyet gostermesi, muhasebe ve denetim alaninda ortak bir dilin gelismesini zorunlu hale getirmistir. Bu surecin sonunda "Uluslararasi Muhasebe Standartlari"(UMS) ve "Uluslararasi Denetim standartlari"(UDS) ile dunya olceginde bir tekduzelik hayata gecirilmistir. Ulkemizde Yeni Turk Ticaret Kanun'u (TTK) ile bu tekduzelige ayak uydurma noktasinda Kucuk ve Orta Olcekli Isletmeler (KOBI) icin belirli kriterler cercevesinde bagimsiz denetim ile ilgili duzenlemeler yapilmistir. Ekonomik degisimin bir sonucu olarak bagimsiz denetim ister istemez belirli olcegin uzerinde olan KOBI'ler icin zorunlu hale gelecek, bunun da otesinde KOBI'ler ilerleyen donemlerde bagimsiz denetimi cikarlari dogrultusunda gonullu olarak yapacaklardir. Arastirmamizin temel amaci KOBI'lerin karsilastigi yonetim, finans, muhasebe ve denetim sorunlarinin cozumunde bagimsiz denetimin KOBI'lere sagladigi faydalarin ortaya konulmasini icermektedir. Bu calismanin bulgulari ile, ticari organizasyonlardaki yonetsel sorunlarin azalarak kurumsal yonetimin gelismesine katki saglamasi amaclanmaktadir. Ortaya konan bulgularin yonetim kurulu uyeleri, yoneticiler ve isletme ile ilgili cesitli etkileri vardir. Kurumsal yonetim mekanizmalarinin olusturulmasi ve sorunlarinin cozulmesi kurullarin oncelikli sorumluluklari arasindadir.