Evaluation Of The Impact Of The BDS-700 Financial Reports On The Companies Under The BIST- 50 Index And Reporting Standard


The aim of this study is to examine the Independent Audit Standard 700- Conceptualization and Reporting Standard in the Independent Audit Reports in a conceptual framework and to try to identify a number of factors affecting the opinions in the audit reports. Nowadays, public enterprises should present their financial reports within the framework of certain standards and with a certain reasonable confidence. For this reasonable trust, this opinions are given by independent audit institution reports are important. Independent audit standards-700 (BDS-700) The standard for forming opinions and reporting on financial reports was examined in the conceptual framework, and the steps to be taken when reporting the opinions of the auditors were specified. In order for the independent audit reports to be effective, the requirements were specified and the opinion types of the audit reports were examined. The types of positive, negative, conditional and unavoidable expressions in the independent audit reports were explained and the importance of these opinion types was discussed. For this purpose, the audit reports of the companies subject to the BIST 50 index between 2011-2018 were examined and variables that could affect the opinions in these reports were determined. According to the results reached, the fact that the audit firms are among the four big companies, the debt structures of the companies, their growth rates and net working capitals affect the audit opinions.


Keywords


BDS 700 Standard, Types of Audit Opinions, Ratio Analysis, BIST 50 Index, Simple Logistic Regression.

Author : Tuba Derya BASKAN
Number of pages: 781-797
DOI: http://dx.doi.org/10.29228/TurkishStudies.43194
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Turkish Studies-Economics,Finance,Politics
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