Volume : V, Issue : II, February - 2015

Audit In Private Sector and Local Governance in Turkey

Ali Ihsan Ozeroglu

Abstract :

In today’s sofisticated world, the concepts are getting enriched day by day and have been gaining newmeanings. One of the best examlpes of these is the word “audit”. At first glance, it is defined a proactive approach of inspection, however , especially in public sector it is far away from being a part of inspection , instead it is somehow caunselling service. So its meaning has diffrenciated in the course of time. Today in private sector, it has stil been percieved as inspecting function but in public sector, the perception of it is as counselling services for detecting risk factors. That is why audit will be taken on hand from two different aspects , and impact of it will be copmpered in depth. This paper illustrates the possibilities for conducting audits with a comprehensive focus using both counselling and complience framework. Because the multinational structure of the establishments lead to the comprehensive information, especially financial information, of the companies involved. Financial information of a company relies on the accounting methods, reporting systems and audit system. In partnership with governments and institutions, the Audit mechanism works to build institutional capacity so governments are responsive, transparent and accountable to their citizens. In democratic systems,the concept of accountability for public entities is a crucial factor in the governing process.Accountability and audit are important for ensuring the role of law and enhancing democratic values in the area of public finances and good governance.

Keywords :

Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Ali ihsan OZEROGLU Audit In Private Sector and Local Governance in Turkey Indian Journal of Applied Research, Vol.5, Issue : 2 February 2015

Number of Downloads : 434

References :