REORGANISATION PROBLEMS OF THE AUDITING FIRMS IN THE POST-SARBANES OXLEY ERA: QUALITY CONCERN AND TURKEY

Abstract

As an economic information system, accounting enables accountants to produce financial tables assisting stakeholders in decision-making. The more financial tables are true and fair, specifically investors, generally speaking stakeholders show more interest in securities markets. Unfortunately, stakeholders do not feel comfortable in making decisions regarding listed companies. Financial statement fraud dating to 17th century is a historical problem, which causes huge losses for investors. The solution, which aroused is auditing financial tables.