External Audit in USA, European Union, and Turkey

Abstract

This Chapter explains legal forms, ownership and management structures of external auditing firms in USA, EU, and Turkey. It also gives organizational structure of auditing firms in these countries. The profile of the auditing firms in Turkey from organizational structure, number of partners, ownership, audit staff, and licence aggreements with foreign auditing firms is drawn. The term, leverage is introduced in this Chapter. External audit regulations, as the third part of this Chapter, covers CMB's TCC's and POA's comtemporary legislations in Turkey from a historical view.