Author(s): Sami KARACAN, Rahmi UYGUN
After the financial scandals, numerous researches and studies have been carried out by international professional organizations in order to increase the reliability of the independent audit system and to organize the supervision on the grounds of confidence in the opinions of the audit companies and the financial reports disclosed by the public enterprises. One of the major organizations in this regard is the International Auditing and Assurance Standards Board (IAASB). The committee has primarily surpassed the existing standards in force. As a result of the work, the Committee has issued revised standards, particularly in the auditor's report, with fundamental changes in the relevant standards, and published a new standard in the form of IAS-701 Report on the Audit Report of the IAS-701 Audit Of Key Matters in order to increase the communication value of the auditor's report and to provide more detailed and transparent information to the financial statement users. The new standard, entitled "Notification of Key Auditing Issue No. 701, issued by the International Auditing and Assurance Standards Board (IAASB), issued by the International Federation of Accountants (IFAC), sets out key audit issues and auditor's responsibilities for reporting these issues in the auditor's report. In this study, the new standard related to notifying the auditor's report of the key audit topics developed to provide more detailed and transparent information to users of the financial statements by increasing the communication value of the auditor's reports and accordingly the quality and reliability of the auditor's reports has been explained and the standard has been implemented in the accounting period of 2017 the question of how and in what extent this issue is addressed in auditor reports has been researched. Within the scope of the research, the reports of the inspectors of the 62 companies operating in the real sector, which are traded in the Istanbul Stock Exchange, have been examined.