Adequacy of audit committees: A study of deposit banks in Turkey
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. Intervi...
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2018-06-01
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Online Access: | http://www.sciencedirect.com/science/article/pii/S2214845017301667 |
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doaj-f142189cdd6c409ebd2317f4d39ef24f2020-11-25T02:47:38ZengElsevierBorsa Istanbul Review2214-84502018-06-0118215016510.1016/j.bir.2018.01.002Adequacy of audit committees: A study of deposit banks in TurkeyMustafa Tevfik Kartal0Cemal İbiş1Özgür Çatıkkaş2Borsa İstanbul A.Ş., Department of Strategic Planning and Investor Relations, İstanbul, TurkeyIşık University, Faculty of Economics and Administrative Sciences, İstanbul, TurkeyMarmara University, School of Banking and Insurance, İstanbul, TurkeyThe 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.http://www.sciencedirect.com/science/article/pii/S2214845017301667Audit committeesCommittee adequacyCommittee responsibilityInterviewT-testTurkish banking sector |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Mustafa Tevfik Kartal Cemal İbiş Özgür Çatıkkaş |
spellingShingle |
Mustafa Tevfik Kartal Cemal İbiş Özgür Çatıkkaş Adequacy of audit committees: A study of deposit banks in Turkey Borsa Istanbul Review Audit committees Committee adequacy Committee responsibility Interview T-test Turkish banking sector |
author_facet |
Mustafa Tevfik Kartal Cemal İbiş Özgür Çatıkkaş |
author_sort |
Mustafa Tevfik Kartal |
title |
Adequacy of audit committees: A study of deposit banks in Turkey |
title_short |
Adequacy of audit committees: A study of deposit banks in Turkey |
title_full |
Adequacy of audit committees: A study of deposit banks in Turkey |
title_fullStr |
Adequacy of audit committees: A study of deposit banks in Turkey |
title_full_unstemmed |
Adequacy of audit committees: A study of deposit banks in Turkey |
title_sort |
adequacy of audit committees: a study of deposit banks in turkey |
publisher |
Elsevier |
series |
Borsa Istanbul Review |
issn |
2214-8450 |
publishDate |
2018-06-01 |
description |
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. |
topic |
Audit committees Committee adequacy Committee responsibility Interview T-test Turkish banking sector |
url |
http://www.sciencedirect.com/science/article/pii/S2214845017301667 |
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