| Kitap Künyesi | |
| Yazar | Murat İnce |
| Baskı Tarihi | 2024/08 |
| Baskı Sayısı | 1 |
| Boyut | 16x24 cm (Standart Kitap Boyu) |
| Cilt | Karton kapak |
| Sayfa Sayısı | 255 |
Murat İnce
Audit
In Question
This book presents a
comprehensive critical analysis of the financial audit methodology applied by
the four major accounting and audit firms that exert considerable influence
over the global economy. It also offers a wide range of current suggestions,
approaches and thoughts that are currently being discussed in the auditing
world. A substantial proportion of the ideas and criticisms presented in the
book are a reflection of the author's theoretical and practical knowledge in
the field of auditing. The book commences with an ironic poem written in the
1930s, after which it proceeds to analyse the accounting scandals and auditing
phenomenon from a variety of perspectives in the following four chapters. The
final section of the book presents a thought-provoking analysis of the
philosophy of auditing. The book concludes with a theatrical dialogue between the
sophist and the auditor, which offers the general reader an insight into the
philosophical, political and literary dimensions of the issues discussed.
CONTENTS
About the Author .............................................................................. 11
FOREWORD ..................................................................................... 13
CHAPTER 1
ACCOUNTING AND/OR AUDIT SCANDALS ............................ 31
INTRODUCTION .............................................................................. 31
1. The Relationship Between Accounting and Auditing ............... 32
2. Some of the Top Accounting/Auditing Scandals of Our Time.................................................................................... 35
2.1. Enron Scandal .................................................................. 36
2.2. WorldCom Scandal .......................................................... 41
2.3. Waste Management Scandal ............................................ 43
2.4. Xerox Scandal .................................................................. 44
2.5. Satyam Scandal ................................................................ 45
2.6. Parmalat Scandal .............................................................. 46
2.7. Lehman Brothers Scandal ................................................ 48
2.8. Wirecard Scandal ............................................................. 49
3. Regulations Made After the Scandals ....................................... 51
3.1. International Regulatory Bodies and Standards ............... 52
3.2. Sarbanes-Oxley (SOX) Act .............................................. 58
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3.3. Impact of Scandals on Independent Audit in Türkiye ............................................................................. 62
4. Looking Behind the Scene: A Closer Look at the Wirecard Scandal ....................................................................... 65
CONCLUSION ................................................................................... 75
CHAPTER 2
CURRENT DEBATES ON AUDIT ................................................ 77
INTRODUCTION .............................................................................. 77
1. A Panoramic View of the Global Audit Industry ...................... 80
2. Is the Audit Really Independent? .............................................. 89
3. Is Financial Audit a Sufficient Instrument to Prevent Scandals? ................................................................................. 100
4. PCAOB’s Proposal: Non-Compliance with Laws and Regulations (NOCLAR) ................................................... 103
5. Objections to PCAOB's Proposal ............................................ 105
6. How Should We Understand the Strong Opposition to NOCLAR? ........................................................................... 108
CONCLUSION ................................................................................. 112
CHAPTER 3
CHALLENGES IN IMPLEMENTING INTOSAI AUDITING STANDARDS AND PROPOSED SOLUTIONS ................................................................................... 115
7
INTRODUCTION ............................................................................ 115
1. About INTOSAI ...................................................................... 118
2. The INTOSAI Framework of Professional Pronouncements (IFPP) ........................................................... 121
3. Types of Public-Sector Audit and Basic Elements of Public-Sector Auditing ............................................................ 125
4. Challenges in Implementing INTOSAI Auditing Standards and Proposed Solutions ........................................... 129
4.1. Financial Audit Standards .............................................. 129
4.2. Compliance Audit Standards.......................................... 138
4.3. Performance Audit Standards ........................................ 144
CONCLUSION ................................................................................. 150
CHAPTER 4
ON THE INCONSISTENCIES OF FINANCIAL AUDIT .............................................................................................. 157
INTRODUCTION ............................................................................ 157
1. Philosophy of Financial Audit ................................................. 160
2. Inconsistencies of Financial Audit .......................................... 164
2.1. Repeatability and Efficiency Dilemma .......................... 165
2.2. The Challenge of Designing Audit Procedures in a Double-Entry Accounting System .......................... 170
2.3. The Challenge of Deriving Qualitative Results from Quantitative Analysis: Auditor's Responses to the Assessed Risks ................................... 178
2.4. The Conundrum in Calculating Audit Risk ................... 184
2.5. Key Audit Matters: Towards Another Audit Type? .............................................................................. 195
CONCLUSION ................................................................................. 203
EPILOGUE: SOME REMARKS ON THE PHILOSOPHY OF AUDITING .................................................... 209
A DIALOGUE ON THE RELEVANCE OF AUDIT .................. 221
REFERENCES ................................................................................ 241
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