Adequacy of audit committees: A study of deposit banks in Turkey

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Tarih

2018-06

Dergi Başlığı

Dergi ISSN

Cilt Başlığı

Yayıncı

Elsevier Science SA

Erişim Hakkı

info:eu-repo/semantics/closedAccess

Araştırma projeleri

Organizasyon Birimleri

Dergi sayısı

Özet

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.

Açıklama

Anahtar Kelimeler

Audit committees, Committee adequacy, Committee responsibility, Interview, T-test, Turkish banking sector

Kaynak

Borsa Istanbul Review

WoS Q Değeri

Q1
Q1

Scopus Q Değeri

Q1

Cilt

18

Sayı

2

Künye

Kartal, M. T., İbiş, C., & Çatıkkaş, Ö. (2018). Adequacy of audit committees: A study of deposit banks in turkey. Borsa Istanbul Review, 18(2), 150-165. doi:10.1016/j.bir.2018.01.002