Key Audit Matters: A Research on Companies Operating in the Textile Sector Registered to Borsa Istanbul
Chapter from the book:
Hacıhasanoğlu,
T.
&
İğde,
M.
(eds.)
2023.
Accounting and Auditing on the Axis of Current Developments.
Synopsis
It is extremely important to report key audit matters in order to ensure transparency in the audit and provide relevant information. For this purpose, International Standard on Auditing (IAS) 701 was published on 09.03.2017. According to ISA 701, it is mandatory to present key audit reports in independent audit reports. Key audit matters (KAM) are those that are of most importance in the current period's financial statements. Reporting these issues by the auditor will increase the value of communication with target users. In this study, the key audit issues reported by companies operating in the textile sector in Borsa Istanbul (BIST) in their financial statements for 2021 are examined. Shares of accounts related to key audit matters were calculated on the basis of account group and main group. As a result of the calculations, it has been determined that the shares of the accounts related to the key audit matters reported in the account group and the main group are at a significant level.
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Copyright (c) 2023 Neşe Çoban Çelikdemir- M. A. İbrahim Sarıay- Abdulkadir Akan- Utku Şendurur- Saime Doğan- Mehmet Ös- Hüseyin Özyiğit- Mehmet Göl- Emine Serap Kurt- Gökçe Sinem Erbuğa- Nurettin Özdemir- Tansel Hacıhasanoğlu- Elçin Dalkılıç- Emrah Yıldız- Murat Kurtlar- Ersin Korkmaz- Yunus Doğan- Mehtab Çelik- Beyza Demir- Bekir Elmas- Mehtab Çelik- Beyza Demir- Bekir Elmas; Tansel Hacıhasanoğlu- Medet İğde