Determining the Effectiveness of the Public Oversight, Accounting and Auditing Standards Authority: Analysis of Activity Reports

Abstract

The Public Oversight, Accounting and Auditing Standards Authority (KGK) was established based on the Turkish Commercial Code No. 6102 and the Decree Law No. 660 and operates with the aim of ensuring compliance with national and international standards in the fields of accounting, auditing, and financial reporting. The purpose of this study is to determine the effectiveness of KGK’s activities between 2012 and 2024. In the research, the institution’s annual activity reports were examined through the document analysis method, and the data were evaluated under thematic headings. The analysis results revealed that the institution’s personnel were predominantly male, the educational level of the staff has increased over the years, participation in the independent auditing exam has risen in recent years, and that “warning” has been the most frequently preferred sanction type imposed on independent auditors. It was also found that KGK effectively and efficiently utilized its communication channels with stakeholders, and that once the initial problems of organization and structuring were resolved, the quality and extent of public services provided increased. In addition, data related to authorization, age distribution, and administrative fines support the changes experienced in the institution’s areas of activity over time.